U.S. stocks are being battered by ‘AI derangement syndrome,’ and CEOs are learning not to talk about it
S&P 500 futures were down 0.32% this morning prior to the opening bell in New York, after the index fell 0.54% yesterday, suggesting that investors hate U.S. equities right now.The…
Intuit’s CFO isn’t flinching at AI. He says it’s fueling the company’s next growth phase
Good morning. AI is not disrupting Intuit’s core business strategy. It is accelerating it.That’s according to CFO Sandeep Aujla, who says the company’s three long-standing bets on expert help, data-driven…
How Zohran Mamdani and his fake newspaper charmed Trump, led to promise of major housing deal
Anna Bahr, Mamdani’s communications director, said the mayor’s team created a mock front page and headlines for Trump to look at and demonstrate what kind of reaction new federal housing…
The Consumer Financial Protection Bureau is under threat
Willie Sutton famously said he robbed banks “because that’s where the money was.”The Consumer Financial Protection Bureau (CFPB) has taken the opposite approach: it goes where the money was taken—and…
Forget the STEM safety net. Peter Thiel warns AI is a bigger threat to technical roles than to creative thinkers
On the flip side of this phenomenon, English and liberal arts majors became subjects of scrutiny, some dubbing them “barista” degrees in the belief that pursuing those majors would inevitably…
Remote employees have quietly unlocked one major workplace perk: Getting paid 12% more than their in-office colleagues, Fed study finds
New research from the Federal Reserve Bank of San Francisco suggests the opposite phenomenon is happening—at least for some workers. Employees working from home are actually getting paid more than…
Medicare spending set to nearly double in 10 years and Medicaid and ACA spending up a third, CBO says, just as Trump’s tax cuts shorten their life span
Federal health care spending has reached a historic turning point. It is now the single largest category of federal expenditures, having surpassed other spending categories including Social Security, national defense,…
Citadel Securities demolishes viral AI doomsday essay, arguing the real ‘Global Intelligence Crisis’ is ignorance of macro fundamentals
To understand Citadel’s takedown, one must first understand the hysteria Citrini, a macroeconomic analysis research firm founded in 2023 by James van Geelen, attempted to incite. Citrini’s Substack essay imagines…
Warner Bros. officially deems Paramount’s bid ‘superior’ and Netflix withdraws
In a statement Thursday, Warner Bros. Discovery said its board concluded that Paramount’s revised all‑cash offer to buy the entire company qualifies as a “Company Superior Proposal” under the terms…
Anthropic’s Dario Amodei says he spends up to 40% of his time on company culture, not products, because it’s the only thing that will win the AI race
Anthropic CEO Dario Amodei says the most important thing he does each day has nothing to do with training AI models or shipping products. Instead, he said, he spends almost…
