When it comes to job cuts, older workers are often disproportionately affected. But a new survey of chief executive officers suggests this won’t be a given as companies adopt artificial intelligence. More than 40% of CEOs plan to cut junior roles over the next one to two years and shift the composition of their workforce…
You might not realize it, but you’ve just borne witness to history. Yesterday, May 15, marked the final day of Jerome Powell’s two-term tenure as Fed chair and the beginning of Kevin Warsh’s first term as the head of the Federal Reserve. In over 110 years, there have been only 17 Fed chairs, including Warsh….
Next weekend is Memorial Day weekend, but I’m getting a jump on early holiday deals worth shopping now. Amazon is already delivering on the discounts, making it the perfect time to grab something you’ve been eyeing, or discover a few unexpected finds before the “official” start of summer (and before the holiday shopping frenzy truly begins). Quick…
For the back half of the 20th century (what Fortune founder Henry Luce called “The American Century”), MBA and law degree programs were a ticket to a great office job and a path to the American Dream. The 21st century is asking the question: What happens when all those office jobs get automated? In a…
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WASHINGTON — The U.S. Space Force awarded Northrop Grumman a $398 million contract to build a prototype communications satellite intended to demonstrate anti-jamming technologies for military operations in contested environments, the Space Systems Command said May 15. The contract supports the program known as Enhanced Protected Tactical Satellite Communications-Prototype, or Enhanced PTS-P, part of a…
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California-based Straus Family Creamery is recalling multiple organic ice cream products in pint and quart sizes due to the potential presence of metal fragments, according to a notice published Friday by the Food and Drug Administration. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The company said the…
“These two-to-four-line snippets became my lifeline of support, especially as months went by and I felt embarrassed to keep telling my friends that I still felt devastated and raw,” the author writes. FreshSplash via Getty Images My refrigerator door was once covered in satirical cartoons — the kind that skewered politicians for some recent hypocrisy…
LOADINGERROR LOADING Rep. Don Beyer (D-Va.) — bearing actual receipts — called out Eric Trump on social media Friday after the president’s son insisted that the assets of his father are in a blind trust that doesn’t buy or sell individual stocks. “Outright lies,” Beyers wrote Friday on X. “Trump’s assets aren’t in a blind…
A crowd of people wait outside of the Galleria in anticipation of a limited edition Swatch collection. The store shut down Saturday morning due to safety concerns. Ashley Soebroto A crowd of people wait outside of the Galleria in anticipation of a limited edition Swatch collection. The store shut down Saturday morning due to safety…
The $499 Trump-branded phone at the center of a MAGA revolt has sparked fresh scrutiny for a slick promo video that appears to rely heavily on AI. Trump Mobile had moved quickly to quell a growing rebellion from paying customers earlier this week, releasing a video on Wednesday to announce that those who had put…
Dire warnings about oil supplies are coming from everywhere lately as the Strait of Hormuz remains largely closed while President Donald Trump’s trip to China failed to produce a breakthrough to reopen the critical waterway. While investors have been trading on hopes that the Iran ceasefire will remain intact, there is little sign that the…
MTA officials spent months last year warning that an Amtrak construction plan would spark service meltdowns at Penn Station. That prediction proved true Thursday after a fire in an East River train tunnel sparked widespread service disruptions that continued into Saturday morning. Amtrak owns four East River tunnels that are also used by Long Island…
Today, Cerebras Systems is a public company that sells AI chips for inference to giants like OpenAI and AWS. It held a blockbuster IPO on Thursday, with both of its co-founders billionaires, and ended the week worth about $60 billion. But in 2019, when it was three years old, it came dangerously close to failure…
Donald Trump’s war in Iran has created the biggest energy crisis in modern history that the International Energy Agency has described as “the largest supply disruption in the history of the global oil market.” The crisis can’t be spun, no matter how hard Trump, Fox News and Energy Secretary (and fracking magnate) Chris Wright try. Because the big takeaway, ultimately far more…
© wellesenterprises / iStock NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) at $235.74 screens attractively under $250. President Trump’s China visit and growing signals that potential Fed Chair candidate Kevin Warsh will take a dovish stance toward AI investment reframe the two biggest overhangs on this stock: export controls and rate policy. Nvidia sits at the…
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Bill Ackman’s Pershing Square fund has taken a major new position in Microsoft (NasdaqGS:MSFT), going public with the stake as other large investors such as TCI and the Gates Foundation have been reducing their…
For most teenagers, earning a driver’s license at 16 is a milestone of independence. It grants them the liberty to drive to a friend’s house on their own time, to see a movie, and to skip the bus to school. For Connor Vukelich, at 16, it was the catalyst for launching his business. After earning…
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Investing.com — Billionaire investor Bill Ackman clarified on Saturday that his hedge fund’s decision to fully liquidate its long-held stake in Google parent Alphabet Inc Class A (NASDAQ:GOOGL) was driven by portfolio rebalancing rather than negative sentiment. The announcement follows a series of updates from Pershing Square Capital Management revealing that the firm used the…
History-making moments were aplenty for America’s leading retirement program, Social Security, in 2025. The average monthly retired-worker benefit surpassed $2,000 for the first time, while Social Security’s cost-of-living adjustment (COLA) tipped the scales at 2.8% — the first time in nearly three decades that Social Security payouts have increased by at least 2.5% for five…
The Long Island Rail Road shut down at 12:01 a.m. Saturday after a group of unions failed to reach a new contract deal with the MTA and went on strike, according to officials on both sides of the negotiations. The move brought service on the country’s busiest commuter rail service to a halt for the…
Investing.com — A majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company’s board of directors, according to a Bloomberg News report citing people familiar with the matter. Shareholders of the initial public offering (IPO)-bound space exploration company were informed via email that the stock’s current fair market value per share…
Verge Shopping It’s a great time to grab a Garmin watch, a solar-powered lantern, and other outdoor tech. It’s a great time to grab a Garmin watch, a solar-powered lantern, and other outdoor tech. May 16, 2026, 1:00 PM UTC Sheena Vasani writes about tech news, reviews gadgets, and helps readers save money by highlighting…
Berkshire Hathaway more than tripled the size of its investment in Google’s parent company and bought over $2.6 billion worth of Delta Airlines stock as Greg Abel settled into the CEO job after taking over from Warren Buffett at the start of the year. The conglomerate also dumped a number of other stocks, including Visa, Mastercard, Domino’s Pizza, Amazon…
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BUENOS AIRES, Argentina (AP) — At 6 a.m., in the Mataderos neighborhood of Buenos Aires, workers unload sides of beef from a truck outside a butcher shop as customers line up for wholesale purchases. Inside, 73-year-old owner Jorge García and his staff prepare meat orders before dawn. Among the stacks of beef boxes and red…
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Relief may be on the way for at least some frustrated Penn Station riders after another brutal rush hour Friday. Amtrak late Friday said it expects to reopen its East River tunnels at 5 a.m. Saturday. They had been closed since a Thursday morning fire set off a cascade of delays for Long Island Rail…
Government bond markets tumbled around the world, sending yields surging from Japan to the US on intensifying fears that the war-driven price shock will force central banks to raise interest rates to contain the impact. The rout was led by longer-dated bonds that are the most vulnerable to accelerating inflation, sending 30-year US Treasury yields…
Wall Street’s hard-charging risk rally just ran into the bond market. The S&P 500 fell more than 1% Friday, led by technology shares, as a global bond selloff drove Treasury 10-year yields above 4.5%, pushed Japan’s 30-year borrowing costs to 4% for the first time and sent yields on UK long bonds to a 28-year…
CHICAGO (WLS) — The longtime owner of the iconic Billy Goat Tavern has died, the restaurant said on social media Friday afternoon. Sam Sianis, 91, died peacefully Friday morning in his sleep, surrounded by family. ABC7 Chicago is now streaming 24/7. Click here to watch “Sam was more than a restaurateur; he was a Chicago…