Moviegoers Still Hungry for Sanitized Michael Jackson Biopic, Knocking ‘Devil Wears Prada 2’ Off Top Spot
The Michael Jackson biopic "Michael" reclaimed the No. 1 spot at the North American box office with $26.1 million in domestic ticket sales, bringing its worldwide total to $703.9 million. It remains behind the record‑setting musical biopic "Bohemian Rhapsody," which has topped $910.8 million globally. "The Devil Wears Prada 2" held second place with $18 million domestically, reaching $175.9 million domestic and $546.2 million worldwide, while newcomer "Obsession" surprised with $16.1 million on a $750,000 budget after a $15 million acquisition. Industry analysts note that nostalgia‑driven titles and low‑budget indie hits are reshaping the weekend rankings ahead of the upcoming "Mandalorian" release.
OpenAI Paid $100 Million for a Talk Show. James Murdoch Is Eyeing an Even Bigger Deal. The Hot New Asset...
James Murdoch’s Lupa Systems is in late‑stage talks to buy New York Magazine and the Vox Media podcast network for $300 million or more, aiming to fuse premium journalism with creator‑driven audio. Earlier this year OpenAI paid over $100 million for the tech talk...
AI’s Cyborg Problem: You Have to Embrace It to Really Succeed but 90% of People Can’t or Don’t Want To
A recent study by AI researcher Vivienne Ming identified three ways people use generative AI: automators who offload thinking, validators who merely confirm biases, and a small minority of "cyborgs" who tightly integrate human judgment with AI output. The cyborgs,...
Mamdani’s New York Is Coming to Tax Your Private Jet. Here’s How to Prepare
New York Mayor Zohran Mamdani is extending his wealth‑tax agenda to private aviation, eyeing a surcharge on jets landing at Port Authority airports. The city has already enacted a pied‑à‑terre tax and is pushing a lower inheritance‑tax threshold, showing a...
Half of Older Americans Are Unfulfilled. Their Doctors Can’t See It
A CenterWell study of more than 6,600 adults aged 62 and older found that 46% lack a basic sense of purpose, wholeness and connection—what researchers call fulfillment. Physical health accounted for only 14% of the fulfillment score, while purpose, optimism...
A European Central Bank Has Signed a Mega Deal with a Cloud Service Provider. The Problem for Google, Microsoft and Amazon? It’s Not with...
Europe’s Dutch central bank, De Nederlandsche Bank, announced it will migrate its essential cloud infrastructure from U.S. giants Google, Amazon and Microsoft to Schwartz Digits, the cloud arm of low‑cost retailer Lidl. The transition also involves adopting StackIT, a subsidiary...
AI Godfather Warns Humanity Risks Extinction by Hyperintelligent Machines with Their Own ‘Preservation Goals’ Within 10 Years
Yoshua Bengio, a deep‑learning pioneer, warned that hyperintelligent AI systems with independent preservation goals could threaten human survival within the next decade. He points to the accelerating model releases from OpenAI, Anthropic, Elon Musk’s xAI and Google Gemini as evidence...
April Inflation Shoots 3.8% Higher on Surging Prices From War in Iran
U.S. consumer prices jumped 3.8% year‑over‑year in April 2025, largely driven by a surge in energy costs linked to the ten‑week war with Iran. Gasoline prices rose 5.4% from March and are now more than 28% higher than a year...
Girls Say AI Is a Smarter Tutor, a Funnier Comedian, and Has Better Taste than Their Parents, New Girl Scouts...
A Fortune‑commissioned Girl Scouts survey reveals that AI has become a daily companion for girls aged 5‑13, with 65% treating voice assistants as friends and nearly half preferring AI over parents for homework help. Usage spikes with age, and 44%...
Greenboard Raises $15.5 Million to Keep Compliance From Slowing Down Business in the AI Era
Greenboard announced a $15.5 million Series A round led by Base10 Partners, with participation from Y Combinator, General Catalyst, Commerce Ventures, Transpose Platform and Liquid2 Ventures. The AI‑driven compliance platform now serves more than 500 financial institutions and has introduced a conversational tool...
SAP CEO: The AI Race Is Being Fought in the Wrong Place
SAP CEO Christian Klein argues that the enterprise AI race is being fought on the wrong battlefield – the interface layer – rather than within operational context. He stresses that AI must be embedded in core systems that capture processes,...
Plaid’s CFO Sees AI Usage Taking Off Internally: ‘People Are so Excited to Share What They’ve Built over the Weekend...
Plaid’s CFO Seun Sodipo says AI has become an internal accelerant, helping her and her teams streamline finance work and experiment with new tools. The fintech platform recently hit an $8 billion valuation, a 31% jump from the previous year, after...
Your Employees Are Going to Live to 100. Is Your Benefits Package Ready?
U.S. centenarians are projected to quadruple over the next 25 years, extending retirements to 30‑plus years. Employers must shift from a one‑time 65‑year retirement model to an integrated benefits strategy that combines financial planning, health, and caregiving support. Morgan Stanley’s...
A Second Wave of Iran Energy Shocks Is About to Hit Asia and the Wider World. Why Aren’t Markets Reacting?
Global oil inventories are projected to fall to just 98 days of demand by the end of May, the lowest level in eight years. The ongoing Iran‑U.S. conflict has shut the Strait of Hormuz, cutting off roughly 20 million barrels per...
Current Price of Oil as of May 11, 2026
Oil prices rose to $107.67 per barrel for Brent crude on May 11, 2026, up 48 cents from the previous day and roughly $43 higher than a year ago. The increase reflects tightening global supply, OPEC+ output decisions, and robust U.S. shale...
The Federal Government Must Issue More Debt than It Expected as Cash Flow Weakens, and ‘the Bond Market Is Shouting’
The Treasury Department now projects $189 billion in borrowing for the April‑June quarter, $79 billion more than its February forecast and $122 billion higher after adjusting for the opening cash balance. Weaker cash flow reflects new tax breaks and up to $166 billion in...
Driving Less, Canceling Vacations, and Tightening Budgets: All the Ways Americans Are Coping with Soaring Gas Prices
U.S. gasoline prices surged to $4.54 per gallon, the highest level since the early‑2022 Ukraine war, as the conflict in Iran pushes global oil markets higher. A new Ipsos‑Washington Post‑ABC poll shows 44% of Americans have reduced driving, 34% have...
Iran May Have a Higher Tolerance for Economic Pain—But the Pain Is Excruciating as Regime Reveals 100% Inflation in Just...
Iran’s economy is buckling under war‑driven sanctions, with inflation spiking to over 100% on some goods in a single week and annual inflation reaching 67% by mid‑April. The rial plunged to a historic low of 1.8 million per U.S. dollar, eroding...
The CEO of Maersk, Which Ships 14% of Everything You Buy, Said the Iran War Is Adding $500 Million in...
Maersk’s CEO Vincent Clerc warned that the ongoing Iran war is adding about $500 million in extra energy costs each month and has left six of the company’s vessels stranded in the Gulf. The conflict has kept the Strait of Hormuz...
Airfare Is up 15%, Gas Is Past $4, and SAP Concur Data Shows Business Travel Is Quietly Breaking
SAP Concur’s Q1 2026 data shows fuel transaction costs surged 14% in a month, while airfare rose roughly 15% in April. Companies are responding by trimming trip volume to keep travel spend flat, despite higher per‑trip costs. Car‑rental bookings slipped...
A Large Oil-Exporting Hub Will Be Built in the Deepwater Gulf of Mexico Amid the Iran War—But only because Japan...
U.S. petroleum exports have surged to record levels amid the Iran war, prompting the Trump administration and Japan to jointly fund Sentinel Midstream's Texas GulfLink deepwater oil‑shipping hub with roughly $2.1 billion. The offshore terminal, slated for construction about 30 miles...
The American Dream Is Moving to the Midwest—Michigan and Wisconsin Beat the Coasts for the Hottest Housing Markets, Redfin Finds
Redfin’s 2026 analysis shows six of the ten hottest U.S. neighborhoods are in the Midwest, highlighting a shift toward more affordable markets. Median home prices in places like Lincoln Park, Michigan ($158,000) are less than half the national median of over...
Airbnb CEO Brian Chesky Warns Two Types of People Won’t Survive the AI Era: ‘Pure People Managers’ and Workers Who...
Airbnb CEO Brian Chesky told the Invest Like The Best podcast that the two employee profiles most vulnerable in the AI era are pure people managers and workers who refuse to adopt new tools. He argues that managers must become...
Why Energy Storage Is Moving Beyond the Capex Debate
The energy‑storage debate is shifting from a narrow focus on upfront capital costs to a broader assessment of lifetime economics. While early projects relied on capex as a viability proxy, today investors and operators emphasize operating reliability, degradation, and risk...
Crypto Users Keep Getting Robbed because of a Simple Design Flaw—But a Solution Is at Hand
Crypto wallets today act as both the spending interface and the vault, exposing a user’s entire balance to the open internet. This design flaw has enabled phishing attacks and drainer kits to steal billions of dollars with no recourse for...
Auto-Enrollment in Medicare Advantage Isn’t a Nudge. It’s a Trap
The Trump administration is weighing a policy that would auto‑enroll every new Medicare beneficiary into a private Medicare Advantage (MA) plan, assigning the lowest‑premium option in their ZIP code and locking them in for three years. Proponents label it a...
The CEO Behind Grand Theft Auto VI Doesn’t Play Video Games, but Analysts Say He Has Put $1.5 Billion Behind...
Take‑Two Interactive’s CEO Strauss Zelnick, who doesn’t play video games, has steered the company’s share price up 1,600% to $216 and boosted net revenue to $5.6 billion in 2025. Under his leadership, the firm is gearing up for the release of...
The CEO of Trek Bicycle Reads 52 Books a Year, Hates Smartphones, and Thinks Milton Friedman Was Wrong
John Burke, who has led Trek Bicycle for nearly three decades, emphasizes purpose over profit, citing the company’s pioneering support for women’s cycling as a legacy marker. Despite a post‑COVID market slump that left sales dashboards red and forced layoffs,...
Over 98% of Stablecoins Are Dollar Backed. That’s Good for the U.S.—until It’s Not
Stablecoins are now overwhelmingly dollar‑denominated, with more than 98% of supply pegged to the greenback. Industry leaders such as Visa and Stripe are integrating these tokens, accelerating global use of U.S. dollars for payments and savings. Experts say this cements...
One American Loses Their Job for Every 6 Immigrants Removed From the Workforce as Researchers See ‘No Evidence’ that ICE...
A new NBER study finds that heightened ICE activity under the Trump administration has removed roughly 1.2 million foreign‑born workers, triggering a cascade of job losses among native‑born males. In areas with a surge in ICE arrests, six undocumented men left...
Jamie Dimon and Dario Amodei Shared a Stage for the First Time. Here’s What They Revealed About AI, Cyber Risk...
Anthropic unveiled Claude Opus 4.7, its most capable financial AI model, alongside a suite of ten pre‑built agents for back‑office tasks at a private briefing in New York. The launch coincided with a $1.5 billion joint venture backed by Blackstone, Hellman & Friedman,...
A Jittery CEO Crowd at Milken Looks Abroad for Growth—And Answers
At the Milken Institute Global Conference, CEOs signaled a clear pivot toward emerging markets, citing Pakistan’s data‑driven growth and Bangladesh’s large, female‑rich workforce as new investment frontiers. Brookfield Asset Management announced a doubled commitment to the Middle East, while VEON’s...
BofA Throws Cold Water on AI Apocalypse Panic: 60% of Today’s Jobs Didn’t Exist in 1940
Bank of America’s global research team released a report arguing that the AI‑driven job apocalypse narrative is overstated. It notes that 60% of today’s U.S. occupations didn’t exist in 1940, and that only about 2.3% of global jobs face full...
America Is Lucky It’s No Longer a Manufacturing Powerhouse—It’s What’s Protecting the U.S. Economy From the Worst of the Oil...
The Iran‑Iran war’s blockade of the Strait of Hormuz has pushed U.S. gasoline to over $4.45 per gallon and sparked a 0.7% jump in core inflation, the biggest in three years. Cornell economist Eswar Prasad argues that America’s transition from...
Goldman: AI Will Save the Economy Someday. First, It Has to Stop Inflating It
Goldman Sachs, J.P. Morgan Asset Management and Stifel warn that the current AI boom is adding inflationary pressure, estimating AI‑related price lifts of about 0.3 percentage points to core PCE and 0.1 points to core CPI. The surge in demand for AI...
A Harvard Study Just Found AI Can Now Out-Diagnose Physicians in the ER: ‘We’re Already at the Ceiling’
Harvard Medical School and Beth Israel Deaconess Medical Center found that OpenAI’s o1‑preview AI model outperformed two attending physicians in emergency‑room diagnosis tests. The study used raw electronic health record entries, avoiding any data cleaning, and blind reviewers favored the...
A Decade After the ‘Godfather of AI’ Said Radiologists Were Obsolete, Their Salaries Are up to $571K and Demand Is...
Ten years after Geoffrey Hinton warned that AI would make radiologists obsolete, the specialty is thriving. The U.S. radiology workforce grew about 10%, while average compensation rose to $571,000 in 2025, a 9% increase year‑over‑year. Demand remains high, with over...
Markets on Alert as Trump Vows ‘Project Freedom’ for Hormuz, Setting up Potential Showdown After Renewed Attacks on Ships
President Donald Trump announced a new "Project Freedom" to escort neutral vessels out of the Strait of Hormuz, framing it as a humanitarian effort. The declaration sparked modest gains in U.S. equity futures while oil prices slipped to about $101...
Basic Goods in Cuba Are Increasingly Sold in U.S. Dollars as Economy Collapses. ‘Everything Is Scarce Here — Everything —...
Cuba’s deepening economic crisis has forced state‑run bodegas to price basic staples in U.S. dollars, while the traditional ration book has dwindled to a token handful of items. Average monthly wages hover around 6,000 Cuban pesos (≈$12), insufficient to cover...
Hong Kong Is the Hub for China’s AI IPOs. It Can Be so Much More than That
Hong Kong has re‑emerged as China’s premier AI financing hub, topping global IPO rankings in 2025 with roughly $34.3 billion raised. The city’s open market attracted mainland powerhouses Alibaba and Ant, which secured 13 of 24 floors in a Causeway Bay...
As Economic Despair Mounts, Russian Official Admits the Country Has Had Enough of Putin’s War on Ukraine. ‘We Can’t Even...
Russia’s economy contracted in the first two months of 2026, prompting Vladimir Putin to publicly acknowledge the downturn. Ukrainian drone strikes have damaged key oil‑export hubs and forced a scaled‑back Victory Day parade, underscoring mounting military setbacks. Domestic discontent is...
The Clock Is Ticking as Oil Markets Barrel Toward Nightmare Scenarios with the West Bracing for ‘Tank Bottoms’ and Iran...
The West and Iran face opposite oil emergencies as the Strait of Hormuz stays closed, threatening “tank bottoms” for consuming nations and “tank tops” for Iran. Analysts warn OECD crude inventories could hit operational minimums by late May, while Iran...
CEO Writes Hundreds of Thank You Notes to Staff and Still Eats in the Break Room—Which ‘Always, for Whatever Reason,...
First Watch CEO Chris Tomasso, who leads a breakfast‑and‑lunch chain with over $1 billion in annual revenue, has made handwritten thank‑you notes a monthly ritual, celebrating staff milestones of 10, 20 or 30 years. He has penned more than 500 notes...
Suze Orman Once Said Earning More than $800,000 Would Make Her ‘Sick to My Stomach’—But that Turning Down Oprah Winfrey...
In the late 1990s Suze Orman rejected a publishing bid that topped $800,000 for her next book, fearing the money would make her uncomfortable. She also turned down an appearance on The Oprah Winfrey Show, insisting the topic didn’t match...
Big Tech Is Shelling Out up to $1 Million for New Hires Who Will Never Have to Write a Line...
Big tech and AI leaders are offering six‑figure to seven‑figure compensation for senior communications executives, with some roles paying up to $1.2 million. Companies such as Anthropic, Netflix, OpenAI, Google, Meta, and Microsoft are targeting experts who can translate complex AI...
Google and Amazon’s Biggest Profit Driver Last Quarter Was Their Anthropic Stakes—Which They Haven’t Sold
Alphabet and Amazon posted record quarterly profits, but more than half came from unrealized gains on their stakes in AI startup Anthropic. Alphabet’s profit jumped 81% to $62.6 billion, with a $28.7 billion equity gain, while Amazon’s net income rose 77% to...
Supreme Court Weighs Trump Administration Push to End Protections for Migrants From Haiti and Syria
The U.S. Supreme Court is hearing the Trump administration’s appeal to end Temporary Protected Status (TPS) for migrants from Haiti and Syria. If the Court sides with the administration, up to 1.3 million TPS holders from 17 countries could lose protection...
Trackers Will Be Added to Emergency Vehicles at LaGuardia Following Deadly March Collision
The Port Authority of New York and New Jersey will install transponders on fire trucks and other emergency vehicles at LaGuardia, JFK and Newark airports after a March 22 runway collision killed two pilots. The devices transmit real‑time location data to...
Jamie Dimon Says Bureaucracy Sinks Companies and the Solution May Be Getting Rid of the ‘Jerks’ Who Don’t Want to...
JPMorgan CEO Jamie Dimon warned that bureaucracy, complacency and arrogance are silent killers that can topple even the largest firms. He urged senior leaders to purge "jerk" managers who prioritize process over outcomes and to share all relevant information before...
Starbucks Is Winning Customers Back After Investing $500 Million in Workers and Stores
Starbucks reported a 7.1% rise in U.S. comparable sales for the quarter, far exceeding analysts’ 4.5% forecast, while total revenue grew 9% to $9.5 billion. The boost follows a $500 million investment in additional staffing, higher wages, expanded benefits and store upgrades...