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The CIO at $2.2 trillion PIMCO highlights a corner of the bond market that's more attractive and less risky than cash
PIMCODan Ivascyn, CIO of PIMCO, advises against holding cash due to potential Fed rate cuts impacting yields.He says 5-year Treasury notes offer higher yields and potential price appreciation during growth shocks.PIMCO outlines the tweaks it's made to its bond portfolio in response.Cash is usually seen as just about the least risky asset in the world of investing.You put your money into ultra-short-duration fixed income vehicles like money market funds or 3-month Treasurys bills, collect yield, -
1.5 million Defense Department workers are now using the military's generative AI every day, Pentagon official says
GenAI.mil is DoD's hub for artificial intelligence programs for US military personnel and workers.US Army National Guard photo by Sgt. 1st Class Shane Smith1.5 million DoD personnel and employees are using the military's enterprise AI program, a senior official shared.GenAI.mil launched in December 2025 with roughly 80,000 daily users.The Trump administration has aggressively pushed AI tools and capabilities across the federal government.The number of Department of Defense workers using the mili -
Watchdog says too few of the US Air Force's flying gas stations are ready to fly missions
An airman unloads cargo from a KC-135 Stratotanker.Andrew Sinclair/US Air ForceAir Force tankers have fallen short of readiness standards from 2019 to 2025, according to a new watchdog report.Reported problems include parts shortages, maintenance staffing gaps, and insufficient infrastructure.Military demand for aerial refueling has surged during recent major combat operations.The US Air Force's aerial refueling tanker fleet has fallen short of its readiness goals every year since 2019, a govern -
Here's every time Melania Trump has appeared at a public White House event during Donald Trump's second term
Melania Trump has promoted her Fostering the Future initiative during her time as first lady.Allison Robbert/APFirst lady Melania Trump has appeared at numerous White House events in recent months.The first lady released a documentary, "Melania," in January.She continues to promote her Fostering the Future and Presidential AI challenge initiatives. Melania Trump has been known as an enigmatic first lady since President Donald Trump's first term, but her public appearances and outfit choices can -
Nasdaq spikes 3%, oil slides on US-Iran deal to open the Strait of Hormuz
President Donald Trump said the US had reached a deal with Iran to reopen the Strait of Hormuz.Getty ImagesPresident Donald Trump said the US and Iran have reached a deal to reopen the Strait of Hormuz.The Strait will be opened after the deal is signed on Friday, Trump said.Major US stock indexes ripped higher, while oil slumped 5%.Stocks spiked and oil prices slumped after the US and Iran announced they had agreed to an interim deal to end the war.On Sunday, President Donald Trump said the Unit -
SpaceX turned in a dominant debut. But traders are torn about the future.
Spencer Platt/Getty ImagesSpaceX climbed 19% in its stock-trading debut.Demand was strong, particularly from retail investors.After talking to a handful of institutional and retail traders, BI found a divided investor base.As I was watching SpaceX's IPO debut, I couldn't help but get some flashbacks to a young LeBron James.When LeBron entered the NBA at age 18, he was already anointed as the next big thing. This was the player who was going to challenge Michael Jordan as the basketball GOAT. And -
Where to watch Saudi Arabia vs. Uruguay live streams free from anywhere
When you buy through our links, Business Insider may earn an affiliate commission. Learn moreEitan ABRAMOVICH / AFPSaudi Arabia and Uruguay are set to meet in a key Group H matchup at the 2026 FIFA World Cup, with the two teams facing off as they look to strengthen their chances of reaching the knockout stage. Uruguay enters the tournament as one of South America's traditional powers, while Saudi Arabia will be aiming to build on its reputation for producing surprise results on the World Cup sta -
Vintage photos show what New York City was like the last time the Knicks were NBA champions
New York Knicks guard Walt Frazier during a game against the Los Angeles Lakers at Madison Square Garden in 1973.APThe New York Knicks won their first NBA championship since 1973 on Saturday.It's been a long 53 years for long-suffering New Yorkers.Here's what the Big Apple was like the last time the Knicks were world champs.Cue the Frank Sinatra song — New Yorkers are on top of the world this week.After a 53-year-long drought, the New York Knicks are finally able to bring the Larry O'Brien -
41 of the best and worst looks Melania Trump has worn as first lady
Drew Angerer/Andrew Harnik/Getty ImagesMelania Trump's style has been closely watched since she became first lady.Her best first lady looks mix her personal style with a professional edge.Melania Trump has also worn some controversial outfits over the years.Melania Trump has been quietly reinventing her style in her second tenure as first lady.Since she returned to the White House in 2025, she has largely struck a more subdued tone in her attire than when President Donald Trump first took office -
Anthropic's new models were restricted by the US. Europe's top AI startup has been waiting for this moment.
Mistral CEO Arthur Mensch and Anthropic CEO Dario Amodei.Nathan Laine/Bloomberg via Getty Images; Jason Henry/Bloomberg via Getty ImagesThe US imposed export controls on Anthropic's newest AI models. In response, Anthropic closed access. The restrictions could play directly into Mistral's long-standing AI sovereignty pitch.Mistral's CEO has warned for more than a year that Europe risks becoming dependent on US AI firms.The White House's move to restrict access to Anthropic's newest AI models cou -
Lachlan Murdoch just pulled off a $22 billion streaming deal his father could only dream of
Lachlan Murdoch and Rupert Murdoch's Fox is buying Roku. But why?Adrian Edwards/GC ImagesThere are so many things to stream. Wouldn't it be great if you could see them all in one place?And if you owned the place everyone came to when they wanted to stream, wouldn't that be worth a lot of money?That's the logic behind the Fox/Roku deal. Except …Rupert Murdoch chased the TV Guide of the Future for years. He spent billions trying to build an on-screen map for digital television before giving -
Jeremy Strong plays Mark Zuckerberg in 'The Social Reckoning,' a follow-up to 2010's 'The Social Network.' Here's everything we know.
Jeremy Strong as Mark Zuckerberg in "The Social Reckoning."Sony"The Social Reckoning" tells the story of Frances Haugen, a Facebook engineer turned whistleblower.The movie is written and directed by Aaron Sorkin, and is a companion piece to "The Social Network."The movie opens in theaters on October 9.Sixteen years ago, David Fincher wowed audiences with the dorm-room origin story of Facebook with "The Social Network."The movie would go on to earn eight Oscar nominations and three wins and make -
I thought vaping was harmless until I couldn't stop. I co-founded a company with my best friend to help others quit.
Caroline Huber cofounded Jones.Courtesy of Caroline HuberCaroline Huber started a nicotine replacement company targeted toward Gen Z.She and her best friend had both struggled to quit vaping.They make time for their friendship outside working together.This as-told-to essay is based on a conversation with Caroline Huber, cofounder and co-CEO of Jones. It has been edited for length and clarity.I started smoking very casually, mostly at parties after I'd had a few drinks. I wasn't dependent, and it -
Your cheat sheet to Anthropic's latest drama with the White House
Anthropic CEO Dario Amodei defended the firm's Mythos-class AI models in response to White House concern over their potential misuse.Bloomberg/Getty ImagesAnthropic is yet again in the Trump administration's crosshairs.The White House imposed export controls on the firm's latest AI models. Anthropic took Fable 5 and Mythos 5 offline in response.Here's what you need to know about the clash — and the questions that remain unanswered.Anthropic is at the center of another showdown with the Tru -
I tried and ranked 4 barbecue sauces. The best one was both tangy and sweet.
I ranked four different store-bought barbecue sauces. My favorite was the perfect balance of tangy and sweet.Erin McDowell/Business InsiderI ranked four store-bought barbecue sauces from worst to best.They all paired well with chicken nuggets, though some were thicker and more flavorful than others.I liked the barbecue sauces from Sweet Baby Ray's the most, including the no-sugar-added variety.Barbecue season is here, so I set out to find the brand that delivers the tastiest barbecue sauce strai -
Factory CEO says he bought each of his 30 employees a $3,000 cooling mattress cover so 'they'll be sharper' at work
Factory's CEO said that he bought employees $3,000 Eight Sleep mattress covers because he was "optimizing for output."Eight SleepFactory CEO Matan Grinberg said he bought 30 employees $3,000 mattress covers so they could be "sharper."Grinberg said he bought products from Eight Sleep. The smart covers use liquid tubing to cool and heat a bed."I want to make sure everyone is squeezing out every ounce of brain power they have," he told Business Insider.How much would you pay to help your employees -
Your candy ads are about to get a lot more personalized, Mars says
Rankin Carroll is the chief brand officer of Mars Snacking.Courtesy of Rankin CarrollMars is shifting toward data-driven, personalized marketing campaigns using AI.One example is Snickers' AI-driven soccer campaign that offered a tool to send personalized jokes.Rankin Carroll, the chief brand officer of Mars Snacking, says this new strategy will save money.Rankin Carroll, chief brand officer of Mars Snacking, says the company behind your favorite candies like M&M's, Snickers, Skittles, and T -
Where to watch Belgium vs. Egypt live streams free from anywhere
When you buy through our links, Business Insider may earn an affiliate commission. Learn moreKevin De Bruyne is one of the key parts of Belgium's 2026 World Cup team.Steph Chambers - FIFA/FIFA via Getty ImagesThe World Cup continues with another must-see match-up, this time taking place in Seattle. Below, we've gathered everything you need to know about where to watch Belgium vs. Egypt, including free and global streaming options.If you don't want to read any further, you can live stream the gam -
This chart shows how Fox buying Roku could create a free TV giant
Fox CEO Lachlan Murdoch is making a major acquisition that will boost his company's streaming presence.Bloomberg/Getty ImagesFox is pushing further into free, ad-supported streaming by buying Roku.The combined company will own The Roku Channel and Tubi, two of the biggest free streamers.Fox has pursued an unorthodox strategy in the streaming wars.Fox mostly sat out the streaming wars, but is making a huge move by acquiring Roku.Buying Roku would make Fox the third-largest TV distributor in the U -
Every US state ranked by high school graduation rate, from lowest to highest
Kentucky has the highest high school graduation rate in the US at 93.60%.littleny/Getty ImagesBusiness Insider compared the most recent graduation rates reported by all 50 states.Kentucky had the highest graduation rate at 93.60%, while Alaska had the lowest, falling under 80%High school diploma requirements can vary by state.Students' chances of tossing their graduation caps on time can vary widely by the US state where they attend high school.In Alaska, the rate of students who graduate from h -
7 of the best and worst outfits at the 2026 Tribeca Film Festival
Justin Trudeau and Katy Perry at the 2026 Tribeca Film Festival.Stephanie Augello/Variety/Getty ImagesThe Tribeca Film Festival was held in New York City between June 3 and June 14.Katy Perry and Justin Trudeau were among the best-dressed on the red carpet.Jeremy Strong and Nina Dobrev, however, missed the mark with their outfits.If you were locked into the NBA Finals over the weekend, you might have missed another big event in New York City.The Tribeca Film Festival was underway in Manhattan be -
Why 25 billion impressions means nothing, according to Mars Snacking CBO Rankin Carroll
Presented by LinkedIn Ads.CMO Insider is the podcast where marketing power players share candid takes, career lessons, and the power moves shaping the future of the industry.Hosted by Business Insider's Lara O'Reilly, each episode goes inside the minds of the leaders behind some of the world's biggest brands, campaigns, agencies, and platforms. From brand strategy and creativity to leadership, culture, media, technology, and the business of marketing, CMO Insider offers an honest look at what it -
I'm Wolfgang Puck. At 76, retirement sounds a lot less fun than opening another restaurant.
Chef Wolfgang Puck says he's never had to "work" a day in his life.Arturo Holmes/Getty ImagesThis as-told-to essay is based on a conversation with Wolfgang Puck, a 76-year-old chef based in Los Angeles. The following has been edited for length and clarity.I've spent more than 60 years building my restaurant business after coming to the US from Europe and opening Spago in West Hollywood in 1982.I oversee more than 100 fine dining and casual eateries around the world, from Beverly Hills and Las Ve -
Trump's student-loan limits for nurses are about to take effect. GOP lawmakers advanced a plan to reverse them.
President Donald Trump's student-loan borrowing caps are set to take effect July 1.Kent NISHIMURA / AFP via Getty ImagesTrump's new student-loan borrowing caps are set to take effect on July 1.The House GOP advanced an amendment to include advanced nursing programs in the higher borrowing cap.Only 11 programs that meet the department's definition of a "professional" program qualify for the $200,000 cap.The debate over President Donald Trump's student-loan borrowing caps continues.House Republica -
The US-Iran truce has dialed back one of the biggest threats to stocks: rate hikes
Michael M. Santiago/Getty ImagesThe US-Iran peace deal has stocks hovering near record highs on Monday.The news pushed oil prices lower and prompted a repricing of rate-hike odds.Investors are now pricing in less of a chance of a hike, softening a persistent headwind for stocks.President Trump's announcement of an Iran deal — including a full reopening of the Strait of Hormuz — was met with excitement from investors.Part of that was general risk-on sentiment. The conflict in the Midd -
World Cup flightmare as Uruguay blames FIFA for travel chaos after an airplane mix-up
Uruguay's team poses before departing Montevideo last Tuesday.Santiago Mazzarovich / AFP via Getty ImagesTwo-time World Cup winners Uruguay faced travel delays on the way to the US.Paperwork issues meant their airplane lacked permission to enter the US.It's only the latest travel issue to beset the World Cup.One of the World Cup's most notable teams blamed FIFA after their travel to their first game was delayed.Uruguay, which has won the tournament twice, was left waiting for the right permissio -
Citadel Securities says soaring costs are a reality check for the market's AI trade
NYSECitadel Securities sees the era of "tokenomics" shifting the AI trade.The firm says that if hyperscalers get more sensitive to high token prices, it could slow AI development.Citrini Research recently made a similar argument that tokenomics could cause a reshuffling of AI winners.Citadel Securities and Citrini Research are in agreement on one thing: The age of tokenomics is here, and spells bad news for the AI trade.Both firms say the AI trade is being reshaped by tokenomics, the economic fr -
I always dreamed of moving to New York City. After living there for 5 years, I found an even better home in New England.
After five years of living in NYC, I moved to Providence, Rhode Island.Rachel Meghan QuintI grew up in San Diego and moved to New York City for college.Living in New York was great, but after five years there, I started to feel overwhelmed.Now, I live in Providence, Rhode Island, and I don't think I'll ever leave.Ever since I was a child, I knew I wanted to leave my home in San Diego County behind and pursue a career in theatre on the East Coast. In my teens, I applied exclusively to New York sc -
I've been on more than 50 cruises. There are 9 things I never buy on board.
I've sailed on a lot of cruises, which has helped me figure out what's a great deal and what's better to skip.Amanda AdlerAs an avid cruiser, I'll splurge on onboard luxuries like fine dining, spa services, or cocktails.However, some extras, like balcony rooms and souvenir photos, never feel worth the cost to me.I think unlimited drink packages and high-end, duty-free purchases are rarely a good value.I've been on more than 50 cruises over the years, which has given me a strong sense of what's w -
I started caregiving to support myself through nursing school. A 96-year-old man became one of my best friends.
Jake Benoit with one of the seniors he cares for.Courtesy of Jake BenoitJake Benoit, who is studying nursing at Duke University, cares for older adults part-time.He works for an agency that matches young carers with clients needing care.The 26-year-old has bonded with the families who hired him and said it's a win-win situation.This story is based on an interview with Jake Benoit, 26, of Durham, North Carolina, who is studying for a master's in nursing. It has been edited for length and clarity. -
SpaceX is set to add over $100 billion to its value on its first full trading day
Elon Musk became the world's first trillionaire on Friday.Steve Granitz/FilmMagic via Getty ImagesSpaceX went public in the largest IPO in stock market history on Friday.The rocket firm's share price surged on Friday, its first day of trading, gaining over 19%.On Monday, the stock was 6% higher in early trade, boosting its market cap over $100 billion.SpaceX's first couple of trading days as a listed company are off to a roaring start.On Friday, the company's stock started trading after the bigg -
15 actors who transformed themselves into real-life tech company CEOs and founders
Jeremy Strong as Mark Zuckerberg, and the real Mark Zuckerberg.Sony Pictures Releasing; Kevin Dietsch/Getty ImagesJeremy Strong is making headlines for his portrayal of Mark Zuckerberg in "The Social Reckoning."The upcoming film is the latest in a new genre of entertainment: the startup biopic.Sebastian Stan, Jared Leto, and Amanda Seyfried have all played tech CEOs for TV shows and movies.We've all heard of musician and actor biopics; now, it's time for the latest innovation in biopics: the tec -
I live in a tiny NYC apartment, but still shop in bulk. Here are 8 things my roommate and I always buy at Costco.
Costco has a great selection of bulk items that still fit in my small New York City apartment.Morgan HudginsMy roommate and I live in a tiny New York City apartment, but we love to buy bulk items at Costco.Our go-tos include the Amylu chicken breakfast sausage links and Spindrift sparkling water.We love the Good Foods avocado mash, since it lasts a long time and fits in our small fridge.I've been an avid Costco shopper since childhood, and fondly remember taking a trip to the warehouse with my m -
Employers want entry-level workers with senior-level skills in the age of AI, a huge PwC analysis found
Catherine Falls Commercial/Getty ImagesAI is changing what skills employers want from their junior workers.A major PwC survey found that employers want junior employees to have "traditionally senior" skills.PwC's global jobs barometer analyzed over a billion job listings worldwide and millions in the US.AI is raising the bar for entry-level jobs, according to a new PwC analysis of global job ads.Employers in AI-exposed fields are increasingly looking for entry-level workers to have the skills th -
Three big questions heading into the post-SpaceX IPO era
SpaceX went public on June 12, 2026.Brendan McDermid/ReutersThis post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.You made history. Now what?SpaceX's high-profile IPO lived up to the hype. Elon Musk's rocket company's record-breaking public debut surged as much as 30%. It ended the day roughly 20% above its IPO price, right in the sweet spot for a new public company.The process included a lot of fanfare, and plenty of -
I live in a van full-time without a remote job. There are challenges, but I've found sustainable ways to fund my lifestyle.
I've been living in a van and doing gig work for about two years now.Koi ReidI embarked on full-time van life after struggling with the constraints of a more traditional job.Now, I run a mobile business, work seasonal roles, and take on gig jobs while on the road.Seasonal and gig work can be chaotic, but the lifestyle works well for me.My first "real" job after college began in 2020, working as a remote program manager for an environmental nonprofit. I thought I had landed the perfect position u -
Fox steps up streaming ambitions with $22 billion Roku acquisition
Fox CEO Lachlan Murdoch is making a big bet on streaming TV by entering a deal to acquire the connected TV platform Roku.Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images; Jon Kopaloff/WireImageFox announced a deal to acquire Roku, creating a free-TV superpower.The $22 billion deal is expected to close in the first half of 2027.Fox built its portfolio around sports and news instead of trying to create a mass-market streamer.Fox is making its biggest bet yet on streaming TV.T -
We spent 3 weeks in Europe. Halfway through our trip, I realized we really should've followed Rick Steves' packing advice.
We (not pictured) packed way too much for our European travels and ended up regretting it.Riska/Getty ImagesI spent three weeks traveling around Europe with my wife, and we completely overpacked.Lugging our big bags around was miserable, and we didn't end up needing so much of what we brought.We should've followed travel writer Rick Steves' advice and packed lighter, just one bag each.My wife and I had just arrived in Amsterdam, the first stop on our three-week European trip with about -
New tech and tactics are giving Ukraine rare momentum against Russia
Ukraine is getting a new upper hand on the battlefield.Diego Herrera Carcedo/Anadolu via Getty ImagesUkraine is using new drones and offensive tactics to slow Russia and regain some ground.The shift is challenging the static, grinding war that has defined the front.Russia still maintains certain advantages, and Ukraine's opening may not last.Ukraine's new tactics and drone tech have allowed it to build rare momentum against Russia, according to analysts, Ukrainian officials, and Western intellig -
KFC's Colonel is getting a glow-up
KFC's global modernization effort includes a new logo and packaging, menu upgrades, and restaurant redesigns, all aimed at improving the customer experience.KFCKFC is undergoing a global brand overhaul to modernize while keeping its nostalgic elements.The Colonel faces competition in the chicken market, especially in the US, despite global growth.The legacy chain's strategy hinges on digital engagement, new menu items, and immersive experiences.The Colonel is staying put. Almost everything else -
I gave up a luxury cruise and scaled back my 60th birthday plans to afford an $11,000 ticket to the World Cup final
May Lee with her father at the 2014 FIFA World Cup in Brazil.Courtesy of May LeeMay Lee, a lifelong soccer fan, bought a ticket for the World Cup final for $10,925.She scaled back travel plans for her 60th birthday to afford the ticket. This is Lee's first year going to the World Cup without her father, who died in 2019.This as-told-to essay is based on a conversation with May Lee, a 59-year-old seasonal broadcast engineer at a research station in Antarctica, and former marketing and communicati -
Gas prices have fallen for 3 straight weeks, but they're still above $4 a gallon
Gas prices are falling, but remain above $4 per barrel.Sheldon Cooper/SOPA Images/LightRocket via Getty ImagesThe average price of gas has fallen for three consecutive weeks, according to AAA data.Average prices across the US are still above $4 per gallon as of Monday morning.Oil prices slumped after the US and Iran agreed on a tentative deal to reopen the Strait of Hormuz.Pain at the pump is easing.The average price of gas across the US has fallen for three consecutive weeks, and continued to f -
I lost my job, got divorced, and had to move within weeks. I found purpose in building a layoff support tool.
Amanda Snyder Cathey built a free layoff support tool.Stephanie Alvarez EwensAmanda Snyder Cathey said she lost her job the day after she finalized her divorce.The product designer said she was surprised to learn that she qualified for certain benefits.The experience inspired her to share her findings with others by vibe coding a free layoff support tool.This as-told-to essay is based on a conversation with Amanda Snyder Cathey, a senior product designer in Santa Fe, New Mexico, who built a free -
A millennial hit financial independence in 3 years using 2 levers and one simple formula
"Retire By 30" author Cody Berman and his wife, Lauren.Courtesy of Cody BermanCody Berman achieved financial independence by focusing on two levers: income and expenses.He increased his income through side hustles and saved big by house hacking.He continued widening the gap between his income and expenses, and invested the excess.Cody Berman's income more than quadrupled in three years, while his spending barely changed in that same timeframe.That widening gap, he said, was the key to reaching f -
He finally felt financially stable — until he was laid off. Then came a frustrating job search and restaurant work in NYC.
After being laid off from StubHub, Steven Lowe worked as a restaurant host in New York City while searching for his next role.Steven LoweSteven Lowe finally felt financially stable after landing a role at StubHub — then he was laid off.After months of searching for work, Lowe took a restaurant host job in New York City.Lowe later landed a new full-time role, but it came with a steep pay cut from StubHub.Steven Lowe's financial goals always seemed just out of reach.Then, in early 2024, he l -
I went viral on TikTok making $100 a day for 100 days by testing different side hustles — only 3 were worth sticking with
Jackie Mitchell says side hustles helped her and her husband pay the down payment on their first home.Jackie MitchellJackie Mitchell completed a series on TikTok about making $100 a day for $100 days.There are three side hustles she still uses today to save up for occasions like vacations and dates.She cautions people that side hustles require a time commitment and potentially your data.This as-told-to essay is based on a conversation with Jackie Mitchell, a 28-year-old content creator based in -
Mrs. Dow Jones: The American dream is 'very dead' for millennials and Gen Z
Haley Sacks is a financial influencer known as Mrs. Dow Jones.Roy Rochlin/Getty Images for Big Brothers Big Sisters of AmericaHaley Sacks is a financial influencer known as Mrs. Dow Jones.Sacks told Business Insider that the American dream is "very dead" for millennials and Gen Z.Young Americans are facing rising inflation, student debt, and other hurdles.For decades, the American dream seemed simple: Get a job, build a family, and work for a few decades before retiring at 65.Haley Sacks —
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