How can LA put out its hellish wildfires? Until the weather turns, it’s ‘essentially impossible.’
A before-after photo of houses and buildings on fire on East Altadena Drive in Los Angeles on January 8, 2025. Firefighters confronting the Los Angeles wildfires face hurdles to many tactics in their arsenal as they try to tame some 27,000 burning acres. As of Thursday, more than 1,400 firefighters were battling several blazes with…
I just started my first full-time job after college. I quickly learned my definition of success had to change in the real world.
The author (not pictured) just started her first full-time job post-college. When I was 7, I was identified as a “gifted kid.” That label of promised potential followed me from elementary school enrichment programs to high school AP classes, eventually earning me a degree from a top university. It’s no surprise that I measured my…
One chart shows why mega-cap tech continues to dominate the stock market
One chart encapsulates why mega-cap tech stocks have dominated the broader stock market over the past few years. Goldman Sachs this week provided this striking chart, which measures the trailing 12-month earnings per share of the “Magnificent 7” stocks — Apple, Amazon, Alphabet, Microsoft, Meta Platforms, Nvidia, and Tesla — versus the S&P 500. The…
I asked ChatGPT to predict the market. Here’s what the AI chatbot says 2025 will bring for stocks, rates, bitcoin, and more.
Many try, but few succeed in correctly predicting the market — even among Wall Street analysts who do it for a living. Take the S&P 500, for example. The index closed 2024 at 5,882, cementing a second year of more than 20% gains. Yet this time last year, Wall Street’s 2024 median year-end price target…
Character.AI put in new underage guardrails after a teen’s suicide. His mother says that’s not enough.
Sewell Setzer III and his mother Megan Garcia. Ever since the death of her 14 year-old son, Megan Garcia has been fighting for more guardrails on generative AI. Garcia sued Character.AI in October after her son, Sewell Setzer III, committed suicide after chatting with one of the startup’s chatbots. Garcia claims he was sexually solicited…
‘Big Short’ investor Michael Burry kept quiet, piled into China tech, and won big with a stock bet in 2024
Michael Burry, the investor of “The Big Short” fame. Michael Burry kept a low profile, plowed money into three Chinese tech giants, and saw a long-standing stock bet pay off in 2024. Who is Michael Burry? Burry is best known for predicting and profiting from the collapse of the housing bubble in the mid-2000s. His…
I moved home to Hawaii after 10 years in Oregon. It’s paradise, but I’d rather go back to Oregon, where the cost of living is much lower.
Danielle-Ann Kealohilani Rugg. This as-told-to essay is based on a conversation with Danielle-Ann Kealohilani Rugg, a 39-year-old entrepreneur and event staff professional who relocated from Oregon to Hawaii. It’s been edited for length and clarity. I have an ever-evolving career. I balance my event work with Aloha HP, running a successful tax practice, and caring…
My child failed his first year of college. We’re not sure when or if he’s going back, but I’ll support his decision.
The author (not pictured) says he isn’t sure whether her son will return to college. My darling son’s college career has been on hiatus for a year, and his GPA is at the bottom of a deep well. What’s a caring parent to do? The heavy words “academic suspension” are nothing any parent or student…
The tough-love advice Morgan Stanley CIO Mike Wilson gives to his new hires to prepare for their career in banking
If you’re just getting started in your career on Wall Street, Morgan Stanley chief investment officer Mike Wilson has some tough love to share with you: life’s only going to get harder. In an interview with B-17 in December, Wilson listed a couple pieces of advice he gives to his new hires, interns, and even…
