Four in 10 workers earning more than $500,000 a year are living paycheck to paycheck—and ‘lifestyle inflation’ is keeping them broke
Perhaps surprisingly, those reeling in smaller salaries are faring a bit better: only around 16% of those earning $200,001 and $300,000 are struggling to make ends meet. And those on the…
Jeff Bezos warns Gen Z against dropping out of college to become the next Bill Gates or Mark Zuckerberg because they’re ‘the exception’—not the norm
Having graduated from Princeton University in 1986 with a degree in engineering, Bezos highlighted his own journey of climbing the corporate ladder at Wall Street before founding Amazon—and the billionaire…
OpenAI’s ‘flatlining’ subs in Europe: The AI boom’s poster child may be struggling to recruit new subscribers, Deutsche Bank warns
Their data was drawn from transactions processed by third-party financial institutions in the U.K., Germany, France, Italy, and Spain, representing 15% of ChatGPT users.OpenAI did not immediately respond to a…
Goldman economists on the Gen Z hiring nightmare: ‘jobless growth’ is probably the new normal
“The modest job growth alongside robust GDP growth seen recently is likely to be normal to some degree in the years ahead,” Mei and Mericle wrote, adding that they expect…
As AI fears continue, executives say a human in the loop in not enough—workers need to prioritize one skill
“I don’t think that we are thoughtfully enough educating people about how to be good at judgment,” Aashna Kircher, group general manager in the office of the CHRO at Workday,…
How do you trust a robot you’ve never met?
Imagine you’re walking through your neighborhood and a four-foot-tall robot walks up beside you. It greets you by name, remembers your favorite coffee order, and offers to carry your groceries.…
JPMorgan beats expectations in strong earnings as Jamie Dimon says the U.S. economy ‘generally remained resilient’
The bank reported earnings per share of $5.07, handily exceeding the analyst consensus of $4.85 to $4.84. This represented a 16% jump from the $4.37 per share tally from last…
Jeff Bezos warns Gen Z to think twice before dropping out of college like Bill Gates or Mark Zuckerberg: ‘These people are the exception’
Having graduated from Princeton University in 1986 with a degree in engineering, Bezos highlighted his own journey of climbing the corporate ladder at Wall Street before founding Amazon—and the billionaire…
General Motors sees $1.6 billion hit from expiry of EV tax incentives, emissions rules relaxation
Shares fell less than 2% before the opening bell Tuesday.General Motors, which had led the way among U.S. automakers with plans to convert production to an electric fleet of vehicles,…
Northern California EV engineer has a hobby growing massive pumpkins and his 2,300-plus-pound gourd just won the big prize
A California engineer and gardening enthusiast won the top prize at an annual pumpkin-weighing contest in Northern California after growing a giant jack-o’-lantern gourd weighing 2,346 pounds (1,064 kilograms).Brandon Dawson,…
