Go back to Sunday edition and round up some of the top stories and take them inside the newsroom.
The world made a turn last night. President Donald Trump said US fighters had carried out airstrikes that “completely and completely wiped out” Iran's major nuclear enrichment facilities. Trump also warned that additional attacks on Iran could continue if “peace doesn't come soon.”
Business Insider jumped into the action, with Warfare Pro Jake Epstein joining Katherine Tangalakis-Lippert providing the definitive roundup of the news. Since then, we have been gathering responses from business leaders and will continue to add them when they come.
We're working harder for you, looking deeper into the “Bunker Buster Bomb” reportedly dropped by the US. The Pentagon is scheduled to hold a press conference Sunday at 8am. I will continue to post about everything related to my business and strategy.
Today's agenda:
But first: Rip the band aid.
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This week's dispatch
Reuters/Brendan McDermid
AI's Acknowledgements
One way to think about the AI warnings from Andy Jassy, CEO of Amazon: It's better to hear it sooner or later.
In a note to staff who rocked the world of business last week, Jassy said AI should “change the way we work,” predicting that technology will ultimately lead to fewer white-collar jobs on Amazon.
He is not the first CEO to warn about the impact of AI on his work, but he is the most well-known leader who does so. (Amazon, with around 1.5 million workers, is the second largest private employer in the United States.)
As my BI colleague Tim Paradis reported, hearing Jassy's candidness about AI has its benefits.
“If I were an employee, it would be very frustrating to see leaders say, 'No, I don't know if this will affect us yet,'” Christopher Myers, a faculty member at the Johns Hopkins Carrie Business School's Center for Innovative Leadership, told Paradis.
He said it would be better for executives to allow AI to change roles “almost certainly” and perhaps affect the entire organizational chart.
Jassy has joined the list of CEOs who recently provided AI warnings, including companies that have been linked to the success of technology such as Openai's Sam Altman, Anthropic's Dario Amodei and Nvidia's Jensen Huang.
Certainly, the former Amazon developer told BI that Jassy's notes didn't surprise him. He believes that engineers don't need to worry about their work. I thought the memo was about showing shareholders that Amazon is serious about technology.
whole, Workers have mixed feelings About these AI warnings.
Elaine Ryan, a psychologist with 20 years of experience, told BI that those with anxiety about AI feel confused by the vast scale of technology. They don't just worry about losing their jobs, they also lose their sense of relevance and identity.
Amidst the warnings and anxiety, there is a lot of advice on what workers can do in the current environment.
Duolingo CEO Luis Von Ahn said it's important to respond to AI with curiosity rather than fear. “The sooner you learn how to use it and use it responsibly, the better we will be in the long run,” he said.
Jassy said that Amazon employees who are willing to embrace AI will be “good positioned to be highly influential and helping to reform the company.”
Psychologist Ryan said AI may be new, but it is not the way to respond to the uncertainty surrounding it.
“The goal is not to compete with the machines, but to regain the human part: experience, depth, emotional intelligence, etc.
The light form of sandwich generation
Getty Images; Ava Horton/bi
Many Gen Xers are financially tied down. They manage the real estate assets of aging parents while helping to pay rent for adult children. The two cohorts are unable to support themselves for a variety of reasons.
That pressure makes some Xers feel emotionally exhausted and wonder if they can even afford to retire.
Still, they haven't given up.
Travelers and foodies are delighted!
Crystal Cox/Business Insider
New perks and updates arrive at two of the most popular credit cards. American Express said the update will be appearing on the Platinum Card later this year.
JPMorgan Chase has also announced improvements to its Sapphire Reserve Card. Cardholders will be able to view new spending perks in categories such as travel, food, and lifestyle. But it's getting a price hike.
This is what $795 a year gets you.
Target trial time
Dominick Reuter/Business Insider
In recent years, targets have been delayed. With competitors Costco and Walmart having been such a success, retailers are struggling to increase sales. Analysts and some social media customers say the general condition of the target store is a key issue.
BI visited three target locations: Madison, Wisconsin, Wisconsin, Ventura and Madison in Washington, DC to find out why retailers are struggling. Each store offered a different experience.
This is what Bi saw.
Read again:
Dear Blackstone Intern…
Paige Ross of Global Head of Human Resources and founder and CEO Steve Schwarzman will be speaking to Blackstone's Summer 2025 internship class. Black Stone
Blackstone CEO Steve Schwarzman greeted 170 summer interns with some choice advice. If you want to succeed in private equity, you will learn to go with the flow.
According to a Blackstone spokesperson, Schwartzman said. “So, if you have a mind and curiosity that fits into such a world, constant new things, new learning – you've come to the right place.”
The change is a constant.
Read again:
This week's quote:
“The index doesn't go anywhere.”
– Billionaire investor Leon Cooperman gave BI a perspective on the stock market.
Here are the top details for this week:
- AI and sports have been a hot topic for Cannes Lions Bash in the advertising industry. Do not mention “brand safety.”
- Ambitious generation of Zers have struggled to get a job despite having a university degree.
- A massive stay is finally paying off. Quitting the employment switch is worse for wage growth than pushing it out.
- Private equity brought Jamie Dimon's warning to his heart. This is why.
- Do you go anywhere to find a job? Try this.
- Will AI kill TV or make it smart? Media executives share five key ways in which the industry is transforming.
- 25 most innovative CMOs of 2025.
- A former Harvard professor says his AI can prevent the next World War I. Critics say it can start one.
- “copilot” This is “copilot”. Watchdog hopes Microsoft will change its confusing AI ads.
- Get ready for WhatsApp ads.
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Meta's scale AI trading involves clients such as Google and Openai stopping the project.
BI Today Team: Steve Lassolillo, Chief News Editor in New York. Dan DeFrancisco, Associate Editor and Anchor of New York; Akin Oyedele, Associate Editor in New York. Grace Lett, Chicago editor. Amanda Yen, Associate Editor in New York;
