The decision that tanked Pinterest’s stock helped make it a Gen Z winner
Pinterest CEO Bill Ready’s contrarian decisions, including turning off social features for teens, led to short-term stock drops but delivered sustained growth.
Business
Coinbase stock surges 38% on regulatory clarity and a Bernstein price target boost
Coinbase shares reached a 52-week high on Wednesday after a stablecoin bill passed the Senate last week.
Top e-commerce veteran Julie Bornstein unveils Daydream—an AI-powered shopping agent that’s 25 years in the making
"This is very much the culmination of everything I've seen and done," Bornstein said. "I've just been waiting for the technology to catch up."
Trump’s ‘big, beautiful’ bill would make immigration to U.S. more expensive and put $150 billion into deportation efforts
The bill's immense cash infusion could reshape America’s immigration system by expanding the law enforcement and detention network while increasing costs to legally immigrate.
A quarter of Americans now say they need to make at least $150,000 to feel secure—and inflation is largely to blame
Inflation has fueled a need for higher wages, but perceptions have also played a part, say experts.
Trump urges Congress to grill ‘very dumb, hardheaded’ Powell in latest attack over Fed’s refusal to cut interest rates
Trump claimed that Americans will be paying for Powell’s “incompetence” for years to come, while the FOMC has maintained it needs greater clarity before lowering the base rate.
A federal judge says training AI on copyrighted works is ‘fair use,’ but casts doubt on use of pirated materials
Training AI on books Anthropic bought is okay, but downloading pirated ones is not, judge says.
The Strait of Hormuz is a critical choke point for global energy markets, but there are ways to get around it
About 20 million barrels of oil a day flow through the Strait of Hormuz, or the equivalent of 20% of global petroleum liquids consumption.
U.S. attacks on Iran resemble a ‘TikTok-style war’ and may be peak military involvement, geopolitical expert says
“And then it’s not the U.S. and ongoing war. Rather it’s a big win. It’s not peace, but it’s a big win for Trump. And it’s an even bigger win for the Israeli prime minister.”
