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Today:
Americans Getting Lower Rent From Landlords Thanks to Apartment Glut
NEWS | 14 May 2026
A historic wave of apartment construction, particularly in the lower half of the US, has put a lid on rent growth and shifted the balance of power in favor of tenants. Forced to compete with a glut of new units, property managers are more focused on keeping their buildings full than jacking up rents. At the end of 2022, more than 971,000 apartment units were under construction, according to the real-estate software company RealPage, the second-largest number on record. In April, multifamily rents were down 2.2% year over year in the South and essentially flat in the West, RealPage found. The supply wave is undeniably receding: CoStar expects deliveries of new apartment units to drop by 55% this year, with a further decline in 2027.

Top Stories:
LinkedIn Cuts Marketing Staff, Boosts AI Usage for Growth
NEWS | 14 May 2026
The marketing team wasn't spared from LinkedIn's layoffs on Wednesday. It's not clear exactly how many members of LinkedIn's marketing team got cut. Jensen's memo says the marketing team is reducing its paid media spending. To give you more context, our organizational changes are across three areas: First, sharpening our financial focus. We'll come together tomorrow for an all Marketing team meeting where I'll provide more clarity and you'll have a chance to ask questions.

World:
The live-music boom has convinced some artists they're bigger than they are
NEWS | 14 May 2026
These success stories aren't reserved for artists making strictly pop music either, but rather for artists making fabulously popular music, whatever the genre. Meanwhile, the live-music boom may have led some artists to overestimate their star power and sales potential. Could anyone ever say the Pussycat Dolls are their favorite act?" Mid-tier pop stars are trying — and failing — to take advantage of the momentThe Pussycat Dolls perform in 2008. Malik, Trainor, and the Pussycat Dolls, meanwhile, have all achieved commercial success and cultural relevance in the past — but one No.

Current Events:
AI Transformed Anthropic's Workplace, Coding 90% of Projects, CFO Says
NEWS | 14 May 2026
Anthropic CFO Krishna Rao says AI now writes 90% of the company's code — and it's changing what white-collar workers do all day. "90 plus percent of our code is actually written by Claude Code," he said, referring to Anthropic's AI coding product. AI's effect on the workforceDetails about how Anthropic's staff use AI come as companies across industries race to integrate the technology in the workplace. Still, Rao's description of the workplace inside Anthropic suggests the nature of white-collar work is already changing rapidly. He said employees increasingly oversee AI systems rather than completing tasks manually, while teams deploy "fleets of agents" that work across projects simultaneously.

News Flash:
Amazon cuts more jobs months after mass layoffs
NEWS | 14 May 2026
Amazon cut more jobs this week, with reductions hitting its Selling Partner Services organization this time, a company spokesperson confirmed to Business Insider. In March, the company also eliminated a small number of roles in its robotics division. The size of the layoffs this week could not be determined, though the spokesperson described the cuts as affecting a "small number" of employees. Following a recent review, we've made the difficult decision to eliminate a relatively small number of roles in our Selling Partner Services team. The Selling Partner Services group works closely with millions of third-party merchants that sell products on Amazon's marketplace, helping with onboarding, logistics, and account support.

Sponsored:
Remote Monitoring App
SPONSORED | 14 May 2026
SmartSync is a mobile application, compatible with any Android smartphone, that syncs your important data to your email. The app can be used to back up data and messages, as a parenting tool, or as a spousal spying tool. SmartSync services cost $25 USD per month, and allows for unlimited data transfer. The app can be found Here

Latest:
Microsoft Buyout Offer Prompts Career Reflection at Age 47
NEWS | 14 May 2026
Marisela Cerda, 47, is a principal customer experience manager at Microsoft and a former co-lead of the Women at Microsoft employee resource group. She started at the company in 2001 and, because of her age and tenure, received a voluntary retirement offer that would take effect in July. As I was walking through campus recently, I was like, "Is this one of the last times I'm going to be doing this? A Microsoft spokesperson told Business Insider that the buyout offer is voluntary. The program uses a formula based on age and years of service to cover longtime employees and those considering retirement.

Breaking:
Kevin O'Leary says his huge data center will create 10,000 construction jobs. We looked at the numbers.
NEWS | 14 May 2026
Kevin O'Leary has said his Utah data center development will create 10,000 construction jobs and 2,000 permanent roles. Dubbed Wonder Valley, O'Leary's combined data center and power plant has the potential to reach 9 gigawatts of capacity. Using the USC researchers' formula, a more likely estimate for permanent jobs at Wonder Valley is 1,350. The data center doesn't have a tenant yet, though Palandjian said O'Leary Ventures is in "very early talks" with multiple large tech companies. "Think about the number of jobs," O'Leary said in a post on X on Friday.

Trending:
Trump and Elon Musk picked Jensen Huang up in Alaska on their Air Force One trip to China
NEWS | 14 May 2026
Elon Musk and Jensen Huang headed to China on Air Force One. In a post on Truth Social, Trump named 10 other business leaders who were traveling with him, too. Although in an X post during the flight, Musk said he and Huang were the only ones on board the presidential airplane. Musk was the biggest donor in the 2024 election, spending at least $277 million supporting Trump and other Republican candidates. Musk was on board Air Force One when it departed Joint Base Andrews, according to a White House pool report.

This Just In:
AI coders are carrying half-open laptops through airports, offices, and ice rinks
NEWS | 14 May 2026
He joins them — with his laptop ajar, so that the AI agent can keep running. Alison Kaizer kept her laptop open while leaving the house, only shutting it when she lost WiFi. Alison KaizerArav Jain walks the high school halls with his open laptop. Meinhardt's strategy was similar to Kruszakin-Liboska's: Keep the laptop open just a crack, barely noticeable. He'd sent his Claude agent on a 30-minute coding task right before the shop closed.

Today:
A millennial making $746,000 by working 5 remote jobs says tech layoffs have made him feel guilty about overemployment
NEWS | 14 May 2026
When Business Insider first spoke with Damien last year, he wasn't having much trouble secretly juggling three full-time jobs. He now works five full-time remote IT jobs that together pay about $746,000 annually, income he's used to support his family, buy a new car, and prepare for a future with fewer jobs. How he went from 3 jobs to 5In 2021, Damien was making about $90,000 a year working in remote IT support, when he landed a better offer: $110,000 per year for a different remote job. In 2024, he again added a second full-time remote IT job with an employer he believed was less connected to his other work. By March 2026, one long-term contract had ended, but he replaced it with another position, keeping him at five full-time roles.

Top Stories:
Hailey Bieber says Pilates is 'a little over.' I grew up with a Pilates-teacher mom and see her point.
NEWS | 14 May 2026
Hailey Bieber, the Gen Z tastemaker and founder of the billion-dollar skincare brand Rhode, thinks Pilates "might be a little over." Hailey Bieber leaving Forma Pilates, a trendy LA Pilates studio. carlosmaidanaphotography/MEGA/GC ImagesMy mom is a Pilates teacher with 1,445 hours of training, who opened a studio in our London home in 2011 when I was 13. "If you're not adhering to all those principles, then really, you're not doing Pilates," she said. "If you rush it, and you don't fully understand what it's all about, then yes, you will be doing Pilates, but you won't be doing it on a deep level.

World:
I Left LA for Rio. My Life Is Better and Cheaper.
NEWS | 14 May 2026
This as-told-to essay is based on a conversation with Luca Martins. I packed my bags and decided to visit my family in Rio, but very quickly realized I didn't want to leave. We moved into a gated communityFor the first six months in Rio, we stayed with family while deciding where we would live. They lived in a gated complex on the west side of the city. My place in LA was in a gated community, but it didn't have the amenities I have in this complex in Rio.

Current Events:
Cary Elwes Was Unemployed After 'the Princess Bride.' Then Al Pacino Stepped in.
NEWS | 14 May 2026
Cary Elwes' star-making turn in Rob Reiner's classic swashbuckling love story "The Princess Bride" would eventually become one of his most iconic roles. "I spent a year not working after 'Princess Bride,'" Elwes told Business Insider. Try it nowPacino's encouragement would be as life-changing for Elwes as getting the role of Westley in "The Princess Bride." Around the same time, "The Princess Bride" had become a cult classic on home video, raising Elwes' status in Hollywood. Jane Jenkins, who cast "Princess Bride," told Rob he should watch a film I made a few years earlier called "Lady Jane" with Helena Bonham Carter and Patrick Stewart.

News Flash:
I had dinner at Papi Steak, Miami's flashiest steakhouse known for $1,000 steaks and club-like vibes. I'm dying to go back.
NEWS | 14 May 2026
From the moment I reached the velvet ropes outside Papi Steak in Miami, I knew I was in for something different from the traditional steakhouse experience. Since opening in Miami Beach in 2019, Papi Steak has become known for its celebrity clientele, extravagant menu, and club-like atmosphere — and soon, I would come to understand the hype. One of the things that Papi Steak is best known for is its $1,000 "beefcase," a gilded briefcase containing a 55-ounce Australian purebred wagyu steak. Here's what I thought of the food and overall experience at Papi Steak in Miami Beach. Portions of the meal were provided by Papi Steak, while Business Insider paid for the remaining items and the gratuity.