‘We might be in a K-shaped recovery, but consumer spending is booming’: Healthy retail sales stave off recession fears
Retail sales rose 0.6% last month from July, when sales were up…
BofA sees ‘path to a 5% mortgage rate’ if the Fed pulls off these 2 things
Bank of America’s mortgage-backed securities (MBS) research team tackled the question of…
What chatbot usage studies from OpenAI and Anthropic say about AI’s likely economic impacts
When ChatGPT was used for work, it was most likely to be…
Why OpenAI’s $300 billion deal with Oracle has set the ‘AI bubble’ alarm bells ringing
Because remaining performance obligations represent contracted but not yet delivered services, they…
65-year-old retirees in France now have higher incomes than working-age adults—meanwhile, American boomers can’t even afford to retire
Although it’s a marginal gain, it’s the total opposite of retirees in…
Robert Redford, the Sundance Kid turned Sundance mogul, entrepreneur and independent film champion, dies at 89
The development reflected Redford’s interest in conservation, offering skiing, lodging, and cultural…
New Opendoor Chairman Keith Rabois says he doesn’t know why the company has 1,400 employees: ‘We don’t need more than 200’
Khosla Ventures’ Keith Rabois is back as chairman at Opendoor, and he…
Former Biden official campaigns for California governorship with Spanish-language TikTok videos
At least for now.Becerra’s new approach is part of an effort by…
Luigi Mangione returns to court after 7 months, with a cult following watching him closely
Also to be decided: a trial date and whether the state case…
Verizon CFO on turning AI into a revenue source to drive future growth
Good morning. Verizon sees AI not just as a tool to boost…
