Millennials are about to be crushed by a wave of their parents’ stuff

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Welcome back to our Sunday edition, a roundup of some of our top stories.

Maybe it's imposter syndrome, or maybe you're bad at your job. Microsoft's former vice president of HR shares three signs it's the latter.

Save our Citi?

Last year, Anand Selva was named Citigroup’s COO. His mandate: oversee an unsexy yet crucial initiative to regain compliance with regulators. He’s been tasked with overseeing the “Transformation,” an aptly named initiative to overhaul the bank's technology.

BI spoke with 14 current and former Citi employees who’ve worked under Selva to get a picture of the challenge facing him — and why he was put in charge of the bank's No. 1 priority.

Inside Selva’s tenure so far.?

Big Tech’s cash king

Amazon has long been famous for running on thin margins, reinvesting most of its profits, and holding relatively little cash compared with peers. By 2027, that’s expected to change, with the company’s cash balance estimated to hit $400 billion.

That number puts it on track to far outpace rivals Alphabet and Microsoft. Wall Street is taking note, and Amazon could soon face pressure to return some of its cash with buybacks or dividends.?

Wall Street wants in on the action.

The boomer stuff avalanche

An old boomer habit is raining down on their children: There’s too much stuff, and not enough space.

Boomers have spent lifetimes acquiring things, and their Gen X, millennial, and Gen Z progeny are figuring out what to do with everything. Family dynamics can make it hard to say no, even if there’s no use or space for all that junk.

The “great stuff transfer.”

A solar panel fiasco

Business Insider’s Vishal Persaud spent months getting his solar panels installed and inspected. All that was left was to switch them on, but the solar panel company needed final approval from its partner, SunPower, to do so. Then, SunPower filed for bankruptcy protection.

Despite the ongoing climate crisis, much of the solar panel industry is cooling. Over the years, it’s faced high interest rates that have decimated demand, questionable financial engineering, and more than 100 bankruptcies across America in 2024 alone.

Now some customers are stuck in solar purgatory.

More of this week’s top reads:

• The hidden upside of a college degree: Having more friends.
• The housing market’s Ice Age is finally starting to thaw.
• Dell's sudden five-day RTO order left parents scrambling to find childcare.
• Five things to include in your résumé, and eight things to leave out.
• Welcome to the job market “Twilight Zone.”??
• How politicians’ fundraising appeals got to sound so desperate.?
• Want to get into the AI industry? Head to Abu Dhabi.

Curated by Matt Turner and edited by Jordan Parker Erb.

This is a shorter version of our flagship newsletter, which brings you in-depth analysis and summaries of the top stories from Wall Street to Silicon Valley.

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