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Lucid Delays Midsize EV Rollout Amid Cost-Cutting Overhaul
The electric-vehicle maker is cutting jobs and reducing inventory to conserve cash.
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US July Private‑Sector Job Growth Totals 44,000, Below Market Forecast
Employers are reacting to changing macroeconomic conditions, ADP chief economist Nela Richardson said.
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Treasury Department, IRS Unveil New Paid Family Leave Incentives
The Treasury Department said that it will likely allow for more employees to take paid family leave.
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The Financial Consequences of ‘Gray’ Divorce
Divorce after 50 can dramatically reshape your retirement, making careful financial planning more important than ever.
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OpenAI, Anthropic Models Created Fake Profiles, Tried to Trick Humans During Cyber Tests
In one incident, an Anthropic model tried to manipulate developers into accepting its malicious code.
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Is There a Downside to Switching Insurance Frequently?
Shopping around for insurance can lead to big savings, but only if the new policy offers comparable coverage.
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Will America’s AI Investment Boom End in Tears?
AI-related companies accounted for three-quarters of the S&P 500’s gains over the past year and 80 percent of the index’s earnings growth.
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Small Business Costs Up Nearly 25 Percent Since COVID
Insurance, fuel, and interest rates drive a 24.6 percentage surge in overheads since March 2020, according to the AMP Bank Business Cost Pressure Index.
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Why HSBC Is Walking Away From Australian Retail Banking After 40 Years
HSBC’s withdrawal highlights the scale required to challenge Australia’s dominant banks, according to finance expert Shane Shmuel.
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Australia Has the Aluminium, But Its Solar Panels Use Imported Metal
‘Aluminium accounts for more than 88 percent of the metal in a solar panel,’ said AAC CEO Marghanita Johnson.
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Australians Are Playing the US Powerball, but One Lottery Boss Warns There’s a Catch
‘There is no obligation to pay the Australian customer,’ said local lottery boss Wayne Pickup.
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Trial Date Set for California’s Lawsuit Against Paramount-Warner Bros. Merger
A trial is set for March 2027 in California’s bid to halt the $110 billion studio deal.
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SpaceX Delivers 1st Earnings Report Since Blockbuster Wall Street Debut
‘Revenue growth accelerated across all our business segments,’ said Chief Operating Officer Bret Johnsen.
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New Jersey Targets Amazon’s Delivery Model in Federal Antitrust Lawsuit
The state accuses the company of holding down pay for drivers in its delivery network.
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July Ends with a “Mean Reversion” Rotation
AI growth is constrained by memory and computing restrictions, as the backlog to build more data centers is still growing.
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Stellantis Recalls 1.27 Million Ram 1500 Trucks Over Improperly Attached Seat Belt Anchors
The issue may cause the seat belts in those vehicles to fail to properly restrain occupants, increasing the risk of injury in a crash.
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McDonald’s Names New US Boss Amid Sluggish Sales Growth
Skye Anderson succeeds longtime executive Joe Erlinger as the Golden Arches seeks to drive domestic traffic.
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US Job Openings Slide Below 7.4 Million in June
Layoffs held steady while more workers left their jobs voluntarily.
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Tax-Savvy Ways to Leave Money to Your Kids
Smart tax strategies can help you pass more of your wealth to your children instead of to the IRS.
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