Author: Editor

The Cheesecake Factory’s moment in the spotlight just got a little sweeter.The California-based restaurant chain reported solid third-quarter earnings on Tuesday, a few days after getting dragged into a political feud that’s become bigger than its famously large portion sizes.It all started after former president Barack Obama stirred the pot on Saturday when he compared President Donald Trump’s White House renovations to Saddam Hussein’s take on a Cheesecake Factory, prompting Republicans to seize on the comments and defend the chain.Amid the firestorm, The Cheesecake Factory reported quarterly revenue of $1.03 billion, up nearly 14% year-over-year, while comparable sales at its…

Some Citadel investing teams have built AI agent clones of themselves that can do independent research. Bridgewater’s cutting-edge AIA Labs is “imbuing” the rest of the organization with research and processes it’s perfected. Man Group’s trying to let its people “do more of the fun stuff” and less of the grunt work.Executives from the three investing giants spent plenty of time on Tuesday at a New York conference hosted by Bloomberg discussing about how their firms have developed top-notch AI processes and found time-saving use cases.But none were ready to turn over their organizations completely to the machines and don’t…

Every year, more than $200 billion in wages crosses international borders.Think of a developer in Rio de Janeiro employed by a UK company or a marketer in Kerala, India, paid by a Canadian firm. Multiply those jobs by millions and a pattern emerges: Hiring across borders now works a lot like global trade. Data from 38,000 hires on Multiplier shows the pattern, from the routes companies hire along to the currency workers are paid in.What this market has lacked until now is the infrastructure that trade typically relies on: an exchange with shared rules, trusted participants, and reliable payments. That’s…

Anthropic is hedging its bets by using multiple chips to handle its AI work — a strategy that could eventually erode Nvidia’s dominance.The AI lab says it manages compute “as a single, fungible pool from multiple strategic partners” — with software that can direct its work to different chips depending on where they’re most productive, according to Anthropic’s S-1 filing, which came out Monday as the company prepares to go public.Anthropic says it uses hardware from four chip families: Amazon Trainium, Google TPUs, Nvidia GPUs, and AMD GPUs.That flexibility, which Anthropic said “took years and significant investment to build,” could…

Voluntary buyouts are gaining momentum in Big Tech.On Monday, Microsoft offered the exit packages to some of its employees for the second time this year, its latest attempt to slim its workforce without layoffs. In April, the company launched its first broad voluntary retirement program, offering packages to thousands of longtime US employees.Separately, workers at Google pressed the search giant this past summer to make voluntary buyouts a standard first step whenever it plans job cuts — and to extend them to all members of affected teams, regardless of tenure.Outside tech, Skydance, the company formed by the merger of Paramount…

This as-told-to-essay is based on a conversation with Maria Sentmanat, 55, who is based in Miami, Florida. It has been edited for length and clarity.I’m a high school dropout who came from a single-parent family. My upbringing was filled with chaos and instability. I never thought I’d end up being the type to earn a six-figure salary, but that’s exactly what I ended up doing — and walking away from this year.On paper, I was definitely successful. I had a $153,000 paycheck managing one of the largest 5K races in the country, a job I’d held for the past five…

President Trump, seen touring the East Potomac Golf Links in late June, says his administration will appeal the judge’s ruling and close the course for renovations next month. Kent Nishimura/AFP via Getty Images hide caption toggle caption i Kent Nishimura/AFP via Getty Images After weeks of tense hearings and late-night court filings, a federal judge has temporarily blocked the Trump administration from making any further alterations to East Potomac Park, the municipal D.C. golf course that the president wants to redevelop into a championship-level venue. The long-simmering legal battle kicked into high gear in recent weeks, after the government cut…

Republicans are feeling the high-cost crunch.The latest consumer sentiment reading out of the University of Michigan finds that, across the board, Americans are still feeling bad. While self-identified Republicans still feel better than their Democratic and Independent counterparts, they’re increasingly feeling the pinch of rising prices.From January to October 2026, the share of Republicans citing high prices as a drag on their finances rose the most out of all political factions. It’s a sign that, even as their party holds Congress and the White House, Republican voters might still be feeling the heat — especially as inflation continues to rise.…

DETROIT — The automotive industry faces a “catastrophic” scenario if the U.S. and Canada cannot reach a new trade deal by the end of this year, an executive with Honda Motor warned Tuesday. President Donald Trump has threatened to double tariffs on Canadian vehicles and parts from 25% to 50% on Jan. 1 if the two countries don’t reach a deal.”That really would be catastrophic for the entire industry,” Jennifer Thomas, senior vice president of corporate affairs at American Honda Motor Co., said during a Reuters automotive conference in Detroit.Thomas said, ideally, the countries would also include Mexico in the…

An American Airlines Boeing 777-223(ER) takes off from Barcelona-El Prat Airport, in Barcelona, Spain, on April 29, 2026. Joan Valls | Nurphoto | Getty ImagesAmerican Airlines is raising the annual fee for two of its rewards credit cards for the first time since 2018 and adding new benefits like a TSA PreCheck credit and points from spending on hotels.The fee on the Citi AAdvantage Platinum Select World Elite Mastercard will go up to $150 a year from $99. That is the first hike since 2018, when it raised the fee from $95 to $99, an airline spokeswoman said.The Citi AAdvantage…