Finance/Economy/Business

The housing affordability crisis is so bad that the average American first-time homebuyer is 40 years old | Fortune

The American dream of homeownership, long a symbol of stability, achievement, and upward mobility, is facing unprecedented challenges as the median age of the...

Even as stocks slide, Wall Street is at ‘historically extreme valuations,’ warns Apollo chief economist | Fortune

Markets are not in a comfortable place right now. The S&P 500 was down by more than a percentage at yesterday’s close, the Dow...

The way to get middle managers to embrace AI?Invest in people, not technology, first | Fortune

Every CEO is grappling with the same problem: You need AI to stay competitive. Boards are demanding it, competitors are implementing it, and you’re...

Elon Musk is officially on the trillionaire path as Tesla shareholders approve an unprecedented $1 trillion pay package | Fortune

It’s official: Elon Musk is on track to become the world’s first trillionaire. Tesla shareholders approved a new executive pay package Thursday afternoon that would...

Why this company says the state of AI security is ‘grim’ | Fortune

Welcome to Eye on AI, with AI reporter Sharon Goldman. In this edition…Mark Zuckerberg and Priscilla Chan have restructured their philanthropy to focus on...

Wall Street can’t decide whether the job market is showing a ‘rebound’ or declining to ‘stall speed’ | Fortune

S&P 500 futures were flat this morning after the index closed up 0.37% yesterday. The Asian markets were up across the board today, but...

WeRide’s CEO pitches robotaxis as a solution to aging populations and long commutes, as the firm raises more money for R&D with a HK...

Shares of WeRide start trading on Hong Kong’s stock exchange today, just over a year after the robotaxi firm forayed into U.S. markets with...

Zohran Mamdani’s signature housing policy is widely loathed by economists. Here’s why | Fortune

New York City Mayor-elect Zohran Mamdani swept to victory Tuesday evening on a platform of affordability, anchored by a plan to freeze rents across...

First Brands founder accused of looting company | Fortune

At first, the sales invoice said $179.84. Later, the bill said $9,271.25 – 50 times more. It was one more trick in a series of...

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