AI is looming over many white-collar workers like a dark cloud, threatening to automate their jobs. But JPMorgan CEO Jamie Dimon said there are sunnier days ahead thanks to the tech’s productivity gains—people will have more jobs than ever, and…
Low- and Middle-Income American families, and small businesses, accounting for well over half of our country’s population, paid out a disproportionate share of their incomes to the government due to IEEPA Tariffs recently struck down by the Supreme Court. Total payments amounted…
As of 9 a.m. Eastern Time today, oil sold for $111.25 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s $2.78 lower than yesterday—but approximately a $47.50 rise over the past year. Oil price per barrel…
In early March, Robinhood’s latest investment product got off to a less-than-stellar start. After CEO Vlad Tenev rang the opening bell on New York Stock Exchange to celebrate the launch of a new private markets fund, the offering tumbled 16%…
Good morning. Fears that AI could render traditional software vendors obsolete triggered a broad SaaS and cloud sell-off in February, a rout that some investors dubbed “SaaSpocalypse.” The catalyst: Anthropic’s addition of a legal task plug-in to its Claude AI,…
Gen Z can’t catch a break. They’re struggling with mass unemployment as entry-level jobs vanish. Some 40% of bosses have admitted they plan to hire even fewer grads this year because AI can do the same job cheaper, preferring instead…
On November 7, 2023, my career ended. Not with a dramatic firing, not with a bitter exit, but with an acquisition that made my role redundant. Nearly three decades in the industry. Nine years in an executive role at a…
The CEO candidate seemed like a perfect fit. Blackstone, the private equity titan, had acquired a real estate company and was searching for the ideal leader to helm it. The candidate had excelled as a senior executive at another Blackstone-owned…
Tehran has been embolden by its ability to maintain tight control over the Strait of Hormuz and its own population. But even if the regime survives the war against the U.S. and Israel, its biggest challenge may come afterward. For…
Mixed reviews didn’t dissuade mass audiences from buying tickets to the “The Super Mario Galaxy Movie,” which scored the biggest opening of the year for a Hollywood movie. The Illumination and Nintendo co-production earned $130.9 million over the weekend and a massive…