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Hong Kong braces for a court ruling that could spell the beginning of the end of its open internetLoan officer: I’m seeing middle class homebuyers take on $7,000 mortgage payments thinking they can ‘always refinance when rates come down in the future’Over just a few months, ChatGPT went from correctly answering a simple math problem 98% of the time to just 2%, study findsPrivate equity’s favorite way to make acquisitions may be illegal, FTC chair Lina Khan saysWhat is a ‘residual,’ anyway? Here’s why Hollywood is on strike over streaming and A.I.In-N-Out Burger to workers: You can only wear a mask if you have a doctor’s noteMicrosoft’s latest A.I. feature could add $14 billion in annual revenue—even if only 10% of Office users try itA South Carolina high school told a teacher to stop using Ta-Nehisi Coates’ book. Then the author showed up at a school board meetingBillionaire philanthropist MacKenzie Scott sets off a frenzy for $1 million grants as over 6,000 applicants pour in for 250 slotsNetflix adds most subscribers since 2020 surge but investors fret over ‘competitive battle’ brewing in Hollywood labor strifeTesla shares flat after earnings beats on adjusted net incomeStanford’s president is resigning, retracting 3 papers and correcting 2 others after investigation of misconduct claimsThe biggest gaining stock on the Russell 2000 is up 1,100% this year after suffering a near total collapse in 2022Business leaders are ‘likely underestimating’ the potential of A.I., but there is still some riskHow to watch the FIFA Women’s World Cup live online for free—and without cableA $12 billion manufacturing powerhouse has avoided layoffs for 70 years while dominating its industry—but good luck replicating its formulaFall 2023 is shaping up as remote work’s biggest test yet with 1 million workers facing orders to go back to the cubicleMore than 40% of Gen Z thinks A.I. music, movies, and art will replace human-made content in 20 years—reportGen Zers are using apps like Remini and Canva to turn selfies into A.I.-generated professional headshots while saving big moneyAmericans check their phones 144 times a day. Here’s how to cut backExclusive: Databricks wasn’t looking to buy, and MosaicML wasn’t selling. How two CEOs navigated a blockbuster $1.3 billion A.I. dealElon Musk posted a Scooby-Doo meme—and Dogecoin added $320 million in 15 minutesTurns out Threads really is like Twitter. Meta’s new app just limited the number of posts users can see after Elon Musk’s Twitter did the sameHow Ronald Reagan and Charlton Heston created the entertainment ecosystem that Netflix destroyed, from a scholar of streamingTech exec who ‘trashed’ his body for 23 years now spends $2 million a year to reverse the damageRussia escalates war on seized western assets, transferring local Danone, Carlsberg unitsPrigozhin reemerges in Belarus preparing for ‘new journey to Africa’ as he rips Russia’s war effort: ‘What’s happening now on the front is a disgrace’Meta and Qualcomm’s A.I. deal is a major step towards virtual assistants that work for usThe FBI is raiding one of the fanciest wine stores in America after a tip from The New York TimesThese Apple products are eligible for the upcoming sales tax-free holidayThe scourge of remote work sends U.S. office distress up to $24.8 billion—that’s even worse than malls and hotelsFirst Netflix introduced ads. Now it’s killed off its $10 ‘Basic’ planAmericans still haven’t run out of pandemic savings quite yet, JPMorgan study findsAs Microsoft extends its $69 billion Activision merger, it’s ‘confident about our prospects for getting this deal across the finish line’Americans’ 401(k)s got slammed last year, Vanguard reveals—along with how much more money boomers have in the bank than everyone elseNew national legislation targets U.S. loneliness crisis: ‘It’s irresponsible for policymakers to continue ignoring this epidemic’Streaming usage in the U.S. hits a record just as Hollywood shuts down because the business model is broken‘Digital art is here to stay’: Despite market downturn, NFTs are still popping up in galleries, including this small NYC exhibition spaceChinese fast fashion giant Temu accuses archrival Shein of blocking garment workers from working with itMiami is moving to protect workers from extreme heat with a 10-minute water and shade break every 2 hoursWhite House escalates war on ‘junk fees’ with landlords and Big Meat in its sightsFirst-generation iPhone sells at auction for $190,373, or nearly 380 times its original priceRobert F. Kennedy Jr. still boosts Bitcoin, despite alleged conflict of interest, and wants to exempt the cryptocurrency from capital gains taxesMacron’s shock that the EU would hire an American as chief economist leads to Yale’s Fiona Scott Morton withdrawing candidacy‘A vision for how we can salvage this’: Terraform Labs interim CEO says a new stablecoin isn’t part of the plan to clean up Do Kwon’s messRISC Zero raises $40 million to bring in-the-weeds cryptography to regular developersDespite the Ripple decision, crypto legislation still seems far offThe culture wars have polarized Americans–but a growing civic repair movement believes it can reverse the damageLuxury fashion resale CEO says the future of secondhand retail is partnering with brands like ChloéYelp coins the ‘Beyoncé bump’ for the economic halo created by the pop star’s Renaissance TourPennsylvania chocolate factory explosion that leveled a building and killed 7 in March caused by bad gas fittingPuerto Rico is helping IRS investigation of 100 wealthy Americans who may be using island’s tax breaks to cheat on taxesMeta top exec Nick Clegg says A.I. large language models are actually ‘quite stupid’ and downplays the ‘hype running ahead of the technology’A new law could soon make more white-collar employees eligible for overtime payReddit boss’s routine includes an ice bath, workout and 6 p.m. family dinner—but he hasn’t always considered work-life balance and used to be in perpetual ‘CEO mode’How ‘Erica’ helped power a 19% spike in earnings at Bank of AmericaThe War on Deals: Why the Biden Administration is battling Big Business—and putting all sorts of deals under the microscopeChina TikTokers are focusing on American consumers as they aim to sell bags, apparel and crystals in the U.S.A.I. experts downplay ‘nightmare scenario of evil robot overlords’. Over 1,300 sign letter claiming it’s a ‘force for good, not a threat to humanity’Disney’s Indiana Jones 5 took in $300 million at the box office so far—a disaster for CEO Bob Iger and Lucasfilm ‘I was a complete idiot until I was 23’: Mercedes F1 CEO Toto Wolff wants to take pressure off teenagers to find their purposeU.K. inflation eases more than expected, offering hope of curbing wage-price spiralBiden administration pushes Walgreens, CVS and Walmart to tout drug cost benefits of Inflation Reduction Act as drugmakers sue governmentA new chapter for Gucci: Kering shares surge as CEO Marco Bizzarri departs, paving the way for Jean-Francois PalusPhoenix posts record 10th straight day of 110-degree heat—and only drops to 90 degrees at night—turning the city into a ghost townUtah CEO says distance from Silicon Valley has made the state ‘a really strong community of entrepreneurs’
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