What Big Tech CEOs are saying about their massive AI spending plans
A slew of Big Tech companies reported quarterly earnings this week, and with those earnings, some progress reports on the tens of billions of dollars they’re funneling into AI. Some Big Tech companies are showing signs of reining in AI spending while others are plowing full steam ahead. Cumulatively, Meta, Microsoft, Alphabet, and Amazon plan…
Apple’s legal setback could be a big win for the creator economy: ‘We are celebrating’
Patreon CEO Jack Conte said the Apple ruling marked a “good day for creative people inarguably.” Apple was issued a potentially crushing setback in its ongoing legal battle over App Store fees — but players across the subscription creator economy are cheering it as a win. “This is a huge moment for creators and their…
I put $5 million in assets into a trust for my kids to split equally. Life is fleeting, and I want them to be protected.
Wenjay Sung and his family. This as-told-to essay is based on a conversation with Wenjay Sung, a 45-year-old physician in Pasadena, California. It has been edited for length and clarity. My wife, Su Sung, and I were both previously divorced. We connected through our shared experience of the trauma and hardship of our experiences. Six…
I left Big Law in my 30s. For millennials like me, making partner just isn’t worth the payoff anymore.
Nico Beedle started a law firm with a friend and found the work more enjoyable than when he was at traditional firms. This as-told-to essay is based on a conversation with Nico Beedle, 41, a lawyer who lives in London and cofounded the boutique firm Merali Beedle in 2016. The firm now has more than…
The de minimis loophole is officially closed — get ready for higher prices and longer waits on your packages
Shein and Temu have both said they will raise prices. A trade loophole called de minimis, which allowed for cheaper international shipping, expired one minute past midnight on Friday. The de minimis exemption meant retailers could save a lot of money on parcels sent to the US by not having to pay import taxes or…
A hotter-than-expected jobs report shows US employment is holding strong as tariffs swirl
The Bureau of Labor Statistics published new data on Friday about April’s labor market. The US added 177,000 jobs in April, surpassing the forecast, and unemployment remained at 4.2%. Economists expected a gain of 138,000 jobs and for unemployment to hold steady. Unemployment has been at least 4% since May 2024. This follows real gross…
Trump just said there’s ‘no inflation’ in the US. But it’s still higher than what the Fed wants.
President Donald Trump says there’s “no inflation,” but the latest data shows the battle against rising prices is still going on, and they’re rising faster than the Federal Reserve would like. In a post on Truth Social on Friday morning, the president pointed to inflation, gas prices, and mortgage rates all being down, and reiterated…
The best and worst jobs for entry-level professionals
Employers are looking to hire more among the class of 2025, but the job market is still challenging. There’s a lot of pressure on new graduates to find a career straight out of college, and it doesn’t help that the current job market is challenging. But things are looking up for the class of 2025.…
Inside the post-Liberation Day buying spree at Apollo
Marc Rowan, Apollo co-founder. Apollo Global Management, known for its nonbank loans, is on a buying spree — but not where you might think. Since Trump’s tariff wars have wreaked havoc on stocks and bonds, the alternative asset manager has been busy putting its excess cash to work, Marc Rowan, the company’s CEO, said in…
