Six-figure earners are ‘living the illusion of affluence’ while privately struggling
Even Americans earning six figures are feeling squeezed as the rising cost of living forces those in top income brackets...
Business
Trump’s retreats on tariffs have already wiped out $800 billion of expected deficit reduction, CBO estimates
The Congressional Budget Office (CBO) has released new projections showing that recent rollbacks of President Donald Trump’s aggressive tariff strategy...
This Cisco exec started at the $306 billion company 30 years ago after interviewing for the wrong gig. It inspired her to fight for entry-level jobs
That fear could end up being fortuitous. That was the case for Fran Katsoudas, Cisco’s chief people, policy, and purpose...
43-year-old democratic socialist who’s never held elected office unseats Seattle Mayor in another win for affordability politics
First-term Seattle Mayor Bruce Harrell conceded his reelection fight to progressive activist Katie Wilson on Thursday, handing another victory to...
Coinbase and stablecoin startup BVNK call off $2 billion acquisition
One of the largest deals ever for a stablecoin startup has fallen through. Coinbase and the U.K.-based BVNK have called...
Walmart Thanksgiving meal basket is 25% cheaper but has half as many items as last year
With Thanksgiving less than three weeks away, the question of how much this year’s turkey and trimmings will cost looms...
Bank of America prioritizes bigger AI initiatives, as annual spending on new tech increased by 44% over the past decade
Bank of America’s annual spending on new, strategic technology initiatives, which includes investments in artificial intelligence, has increased by 44%...
It’s getting harder to separate the stock market from the economy
After huge rallies or selloffs, it’s often pointed out that the stock market is not the economy, or that Wall...
AI bubble talk grips the market. But in the C-suite there’s more FOMO over AI’s benefits than fear of an AI bustup
Hello and welcome to Eye on AI. In this edition…Nvidia becomes the first $5 trillion market cap company…Anthropic finds AI...
WTO director-general says calling the trade wars the greatest disruption since the 1930s is ‘the understatement of the century’—but it’s not a repeat
“I think it’s maybe understatement of the century to say that global trade is facing the greatest disruption in 80...
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