The Wrong Suspect
For two years, we blamed artificial intelligence for shutting young graduates out of work. The real culprit is remote work, which has made companies wary of hiring people they cannot train in person.
Business
How Memory Chip Makers Became Wall Street’s Biggest Winners
Investor enthusiasm has been fueled by anticipated IPOs from major AI players such as Anthropic and OpenAI, alongside expanding investments in data centers and AI infrastructure.
Why Florida Is Suing OpenAI And Sam Altman Over ChatGPT
Attorney General James Uthmeier announced the lawsuit on Monday, accusing OpenAI and CEO Sam Altman of prioritizing technological competition over public safety.
AI Firm Anthropic Takes First Step Toward Public Listing
In a statement, Anthropic said the filing gives it the option to proceed with a public offering after the SEC completes its review. The company noted that any IPO would depend on market conditions and other factors.
Which Workers Are Being Hit Hardest By The Rise Of Remote Jobs
The report found that unemployment among recent college graduates increased from 3.6% in March 2019 to 5.6% in March 2026. New York Fed economists estimated that remote work could explain roughly 64% of that increase.
MGM Resorts Receives Buyout Bid From Barry Diller’s People
MGM operates some of the most recognizable properties on the Las Vegas Strip, including Bellagio and Aria. Following news of the proposal, MGM shares surged about 11% in early trading, while shares of People rose roughly 2%
How ChatGPT Changed The Startup Funding Game Forever
According to PitchBook data cited in the report, nearly half of America's 857 unicorn startups have not raised fresh funding in at least three years
Inside The Wire
Americans want China out of the land, the supply chain, and the phone. The agreement is broad, and it is defensive.
How Dell’s AI Boom Is Fueling A Wall Street Rally
According to the report, the S&P 500 rose 0.2% early in trading, while the Dow Jones Industrial Average gained 82 points and the Nasdaq also moved higher.
What IBM’s $10 Billion Quantum Computing Investment Means
The investment will support research, manufacturing, partnerships, acquisitions and technology development
What Pushed Micron Past The $1 Trillion Market Cap Mark
According to the firm, long-term agreements and stronger pricing power tied to AI demand could continue lifting the company’s valuation
BP Fires Chairman Albert Manifold Over Conduct Concerns
The oil giant did not disclose specific allegations but said the board unanimously agreed to dismiss Manifold
OpenAI Chief Sam Altman Says AI Impact On White-Collar Jobs Overestimated
Altman admitted he had previously overestimated how quickly AI would eliminate entry-level white-collar jobs after the launch of ChatGPT in 2022
What Higher Bond Yields Mean For Stocks, Mortgages And Inflation
U.S. bond yields have climbed to their highest levels in a year as investors brace for prolonged inflation linked to the Iran conflict and soaring oil prices