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Today:
BofA's 2026 S&P 500 Forecast Says Beware an AI 'Air Pocket' in Stocks
NEWS | 03 December 2025
When it comes to making grand prognostications about the future of the market, it takes guts to stand out from the crowd. While the firm still expects the S&P 500 to finish above current levels, it sees only moderate gains, and its target is well below the other major banks. As the chart below shows, BofA is the only major bank to expect single-digit S&P 500 upside in 2026. But the meat of BofA's more-bearish-than-most argument centers on what it describes as an "AI air pocket." All of this leads to BofA suggesting that "de-rating may be warranted in the months ahead" — a view that's fueling a year-end S&P 500 price target of 7,100.

Top Stories:
How hedge funds like Citadel, Millennium, Point72, and more performed in November
NEWS | 03 December 2025
Citadel founder Ken Griffin was up in his flagship Wellington fund in November. Citadel founder Ken Griffin was up in his flagship Wellington fund in November. CHANDAN KHANNA/AFP via Getty ImagesCitadel founder Ken Griffin was up in his flagship Wellington fund in November. Citadel, Balyasny, and Point72 made money in the month, people close to the managers told Business Insider. Miami-based Citadel, run by billionaire Ken Griffin, was up 1.4% in its flagship Wellington fund.

World:
Bill Ackman and PE Guy Round Out the Top Finance Memes of 2025
NEWS | 03 December 2025
This year has been filled with finance meme fodder, and with the New Year on the horizon, I thought it'd be a good time to reflect on some of the funniest moments of 2025. From dating advice from hedge fund billionaires to social media characters we all love to hate, here are Business Insider's favorite finance memes of the year! The comments set off a storm of memes across X and Instagram. Fabio Lovino/HBONo other TV show this year was memed more in the finance community than HBO's "The White Lotus." The fitness instructor turned social media star's insufferable caricature of a finance guy has earned him invites to perform for finance firms and business school classes.

Current Events:
Lowe's CEO says AI isn't just about replacing jobs
NEWS | 03 December 2025
Home improvement retailer Lowe's is using AI for more and more tasks, but CEO Marvin Ellison says he isn't looking to the tech to cut labor costs. "Rather than thinking about it solely as a job replacement tool, how do you think about reducing someone's workload by 50%?" While Ellison has been one of the more prominent retail executives engaging publicly with AI issues, he's by no means alone. "It's very clear that AI is going to change literally every job," outgoing Walmart CEO Doug McMillon said in September. "AI is going to give people tools to improve their jobs," Rainey added.

News Flash:
6 executives share the books that shaped their leadership
NEWS | 03 December 2025
Six executives shared the books that shaped their leadership approach. Six executives shared the books that shaped their leadership approach. Amazon; Alyssa Powell/BISix executives shared the books that shaped their leadership approach. Amazon; Alyssa Powell/BIlighning bolt icon An icon in the shape of a lightning bolt. lighning bolt icon An icon in the shape of a lightning bolt.

Sponsored:
Remote Monitoring App
SPONSORED | 03 December 2025
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:
A man called in a bomb threat to New Orleans airport after he couldn't pay for parking, an affidavit says
NEWS | 03 December 2025
A man faces a maximum of up to a decade in prison after calling in a bomb threat when he couldn't pay for airport parking, prosecutors said. Deputies from the sheriff's office then pinged the phone number and found the phone was located near the airport's north terminal, the affidavit said. After the sheriff's deputies connected the man to the bomb threat, they found him still parked in the surface lot, where they arrested him. The affidavit says that the deputies also called the phone number that the threats came from, and saw his phone ringing. The conditions of his release said he must participate in mental health treatment — and allowed him to retrieve his car from the airport parking lot.

Breaking:
Big Four Promotions Hinge on Politics, Not Merit, Researchers Say
NEWS | 03 December 2025
A new study suggests that Big Four promotions are driven more by internal politics and the extent to which a manager is willing to advocate for their team members. A new study suggests that Big Four promotions are driven more by internal politics and the extent to which a manager is willing to advocate for their team members. Jack Taylor/Getty ImagesA new study suggests that Big Four promotions are driven more by internal politics and the extent to which a manager is willing to advocate for their team members. Within the Big Four professional services firms — Deloitte, PwC, KPMG, and EY— auditors are evaluated throughout the year after each client assignment. Fewer promotionsInternal politics has always been a feature of rising up the ranks within the Big Four, as it is in most corporate jobs.

Trending:
Ex-Netflix executive details how a 'visionary' project slowly unraveled into an alleged $11 million fraud
NEWS | 03 December 2025
Former Netflix executive Peter Friedlander testified in the criminal trial of Carl Rinsch, who is accused of defrauding the streamer of $11 million. Former Netflix executive Peter Friedlander testified in the criminal trial of Carl Rinsch, who is accused of defrauding the streamer of $11 million. Paul Bruinooge/Patrick McMullan via Getty ImagesFormer Netflix executive Peter Friedlander testified in the criminal trial of Carl Rinsch, who is accused of defrauding the streamer of $11 million. At times, he leaned forward in his seat, appearing to pay close attention to Friedlander's telling of the development of "White Horse." Shooting in Budapest wrapped up in November of 2019, but "there was no plan" to continue filming "White Horse" in other countries, Friedlander said.

This Just In:
I Quit Apple, Became Homeless, Am Rebuilding My Life at 40
NEWS | 03 December 2025
Cher ScarlettCher Scarlett said she didn't realize how hard it would be to find a job after leaving Apple. This as-told-to essay is based on a conversation with Cher Scarlett, a 40-year-old former programmer and current community college student based in Southern California. Twenty years after starting my tech career, I quit my job at Apple. After I quit Apple, I couldn't find another tech job​​I had mixed feelings about my departure. If you quit your job for an unconventional path and want to share your story, please reach out to this reporter at tmartinelli@businessinsider.com.

Today:
Netflix's 'Sean Combs: the Reckoning': the 4 Most Shocking Moments
NEWS | 03 December 2025
"Netflix's so-called 'documentary' is a shameful hit piece," Combs' spokesperson Juda Engelmayer told Business Insider. "Sean Combs: The Reckoning" director Alexandria Stapleton told Business Insider that she obtained the footage legally, although she wouldn't disclose the details of how it was acquired when asked. Though the case was quickly settled for $20 million, it opened the floodgates for a wave of misconduct suits against Combs and Ventura; Ventura would later testify against Combs in his federal trial. "The claims being made about 'Sean Combs: The Reckoning' are false," a Netflix spokesperson told Business Insider. Never-before-seen footage shows Diddy's final days before being arrestedFootage of Diddy in "Sean Combs: The Reckoning."

Top Stories:
My Kids Are Growing up Privileged; How to Ensure They're Not Spoiled?
NEWS | 03 December 2025
Dear For Love and Money,My kids are growing up with way more financial security and privilege than I had as a kid. That makes me hugely happy, but I'm struggling to help them understand their privilege and appreciate the value of a dollar. I like that my kids get to do things I couldn't do when I was their age. Dear Raising Rich Kids,It's the natural instinct of every parent to want more for our kids than we had ourselves. Helping your children understand their privilege is an important part of this conversation.

World:
I kept working as an RN even after my husband had made more than $30 million in the NFL. It gave me a sense of purpose.
NEWS | 03 December 2025
When my husband, Hunter Henry, signed with the New England Patriots in 2021, I was skeptical about moving to Boston. Yet after we arrived, I was surprised that Massachusetts reminded me of Arkansas, where Hunter and I grew up. Ultimately, whether it's Massachusetts, Arkansas, or somewhere else, I know home is where your people are. Working as a nurse for two and a half years gave me a sense of purpose and fulfillment. Being an NFL wife isn't all glitz and glamThe fascination with NFL wives and girlfriends is funny to me.

Current Events:
Nearly 550,000 Americans Work Past Age 80. I Asked 200 of Them Why.
NEWS | 03 December 2025
I had wanted to find out why so many people 80 and older work long past retirement age. As a 24-year-old journalist wanting to cover these older workers, I heard, "You won't understand" or "You're too young." According to a 2024 AARP study, 60% of workers age 50 and older believe they have experienced or seen age discrimination at work. They emphasized the importance of rewarding longtime employees, fostering intergenerational connections, and providing medical resources for older workers. D'yan Forest said that despite the health challenges that come with aging, age is just a number.

News Flash:
I moved my family to a tiny Wyoming town for 2 years to save money. Despite the drawbacks, our brief sacrifice paid off.
NEWS | 03 December 2025
Short-term living in a tiny town in Wyoming helped us save enough money to buy property in a different part of the US. Short-term living in a tiny town in Wyoming helped us save enough money to buy property in a different part of the US. Christian AllredShort-term living in a tiny town in Wyoming helped us save enough money to buy property in a different part of the US. Eventually, these goals led us to a tiny town in Wyoming. We traded convenience and proximity to family for financial breathing room — and in two years, that breathing room helped us buy real estate.