business

I Built a Laundry Business Worth Millions; Founders Need These Skills

When most people think about entrepreneurship, they envision hoodie-clad coders building the next tech unicorn. My startup story? It began with dirty socks and a delivery van.My unusual passion began in my freshman year of college when I started running a laundry pickup and delivery service called Wake Wash. The…

American-Made Ceramics Business Doubles Down on Resale Amid Tariffs

As tariffs drive up the cost of imports and bite into household budgets, some American companies are amping up their secondhand offerings and avoiding the tariff question altogether.For Health Ceramics, a California-based pottery business with a relatively new resale program, this economic moment has brought a silver lining in the…

My Wife and I Have a Business That’s Prospering Thanks to the Tariffs

This as-told-to essay is based on a conversation with Ryan Frankel, a 36-year-old business owner in Miami. It has been edited for length and clarity.My primary business is Thrift Vintage Fashion, which I launched in 2020 with my wife, Evelyn. We supply secondhand clothing — mostly men’s wear, such as…

Lessons Learned From Launching a Business During Tariffs

30-year-old Irene Ham had just poured $62,250 of savings into inventory for her new Korean cosmetics brand when President Donald Trump’s Liberation Day tariffs were announced on April 2.The shipment had been ordered but hadn’t arrived yet. She said her heart sank when she heard the news.”When the tariffs hit,…

Trump Is Visiting 3 Countries Where His Family Business Made Recent Deals

President Donald Trump is heading to the Middle East for the first international diplomatic trip of his second term, with plans to visit Qatar, Saudi Arabia, and the United Arab Emirates. His family business has expanding interests in all three countries.The Trump Organization, run by the president’s eldest sons Eric…

Verily CEO Calls Sale of Insurance Business a ‘Strategic Win’

Alphabet life sciences unit Verily has officially sold its insurance business to Elevance Health, its CEO told employees last week, as the company continues to shed projects and focus on AI.In an April 30 memo to staff, which was seen by Business Insider, Verily CEO Stephen Gillett said Elevance’s acquisition…

Ken Griffin: AI Not Going to Be a Game Changer for Investment Business

Ken Griffin, the founder and CEO of Citadel, said he doesn’t think AI will revolutionize the investment business.”Do we use it in our investment business? A little bit, a little bit. I can’t say it’s been game-changing,” Griffin said in an interview that was published on the Stanford Graduate School…

Biden DoD Official Warns Against Running Pentagon Like a Business

A Biden-era DoD official is warning that trying to run the Pentagon like a business is a bad idea.Mara Karlin, who previously served as the Assistant Secretary of Defense for Strategy, Plans, and Capabilities, wrote in a commentary for Foreign Affairs that ignoring the harsh realities of how risk works…