The economist who first warned of America’s K-shaped recovery says this is his worst fear for the US – Business Insider

Dwayne Schnell | 500px Plus | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The Iran war has propelled oil prices to above $94 a barrel, up about 30%…

To the untrained eye, it looks like a chunky ring. Mina Fahmi, founder of New York start-up Sandbar, calls it something else. “It is an extension of self,” he said. Fahmi’s company recently unveiled the device it calls “Stream”, a note-taking AI ring that, when an almost imperceptible button is pressed, records what you say,…

Ford is recalling almost 1.4 million of its F-150 pickup trucks in the U.S. because of a gearshift issue that may lead to the loss of control of vehicles and increasing the risk of a crash. The automaker is aware of two injuries and one accident possibly related to the issue. The recall includes F-150…

Washington Democrats passed a sweeping income tax on high earners late Tuesday, delivering on a decades-long progressive priority that Republicans warn will drive wealthy residents and business leaders out of the state. The timing gave those skeptics an immediate and high-profile piece of evidence. As the passage of the unconstitutional income tax was inevitable following…

Paramount CEO David Ellison this week met with UK Secretary of State for Culture, Media and Sport Lisa Nandy as well as prominent European creatives, Deadline hears from sources close to the discussions, as the studio took its fight for Warner Bros Discovery overseas. Bloomberg earlier reported that top Paramount executives convened with French President…

The Cosmos and Earth will be the first two electric SUVs based on Lucid Group’s (LCID) Midsize EV platform, with prices starting under $50,000. Meet the Lucid Comos and Earth, the first midsize EVs During its first Investor Day event on Thursday, Lucid introduced the first two models that will ride on its midsize platform,…