Author: Editor

Cuts to workplace perks came first. Paid time off may be next.In the latest sign of employers flexing their power, at least two high-profile names are shrinking variations of the highly popular benefit. Zoom this year reduced the number of weeks of paid parental leave it offers, while Deloitte is also planning to do the same — and more — for select groups of workers starting in January. Loading audio narration… The changes could be an early signal of a broader shift: In a tight labor market, even highly valued benefits may be on the chopping block. Workers have fewer…

This as-told-to essay is based on a conversation with Jason Belmonte. It has been edited for length and clarity. Loading audio narration… My career in professional bowling began before I was born, on a rainy day with some bored relatives. My parents had family visiting the small town where we all still live. It was the mid-80s, and bowling was just becoming a thing in bigger cities like Sydney.It was pouring rain during the visit, so the visitors asked if our town had a bowling alley. We didn’t, and my parents had never been bowling, but as the visitor explained…

The private credit boom created a lucrative job on Wall Street: selling the asset class to wealthy individuals hungry for returns. Loading audio narration… Now, as redemption requests climb and concerns about credit quality spread, the sales, fundraising, and business development professionals who helped fuel that growth are facing a new reality. They’re focused less on bringing new money in and more about keeping it from flowing out.The job of serving as the connective tissue between private capital firms and the financial advisors who sell their products is now among the most stressful in finance. Used to playing offense, they’re…

This as-told-to essay is based on a conversation with Jake Castillo, the 31-year-old CMO and cofounder of Cal AI, based in Los Angeles. Cal AI is an AI-native app co-founded by a tiny team of Castillo and three others. The lean team quickly scaled to millions in monthly revenue, leading to its acquisition by MyFitnessPal less than two years after launch. His words have been edited for length and clarity. Loading audio narration… Imagine holding your breath for two years, and then finally exhaling. That’s how I felt when the app I cofounded in 2024 was acquired by MyFitnessPal at…

A talent CEO says all the recently laid-off tech workers wading through corporate America’s sluggish job market should look to one growing area: data centers. Loading audio narration… Carrie Charles is the CEO and cofounder of Broadstaff, a staffing and recruiting firm that works with companies like Oracle and Verizon. She says that with Big Tech’s AI infrastructure buildout underway across the country, Broadstaff’s business is booming.Aside from all the construction workers needed to build data centers, Charles says she constantly fields staffing inquiries for skilled electricians and technicians to install and maintain the physical hardware inside the facilities.”Our phone…

A flag featuring Donald Trump waves amid a small group of his supporters near Mar-a-Lago in May 2024 in Palm Beach, Fla. Alon Skuy/Getty Images hide caption toggle caption Alon Skuy/Getty Images Over the past year, President Trump has bulldozed through multiple restraints on his power. He’s fired watchdogs, dismantled agencies, and declared emergencies to impose tariffs and mobilize troops. Now, he’s shrugging off a law Congress passed decades ago to preserve White House papers — and historians are taking him to court. At stake is the fate of millions of papers and electronic messages – not just for Trump’s…

The groups on either side of the redistricting vote in Virginia have used images of former President Barack Obama and Democratic Gov. Abigail Spanberger on their mailers. Jahd Khalil/VPM News hide caption toggle caption Jahd Khalil/VPM News When Randi Buerlein arrived to vote early in Virginia’s redistricting election, she said she didn’t like what she saw. “I’m looking at this booth, and it has a big picture of our governor saying, ‘Don’t be fooled,'” Buerlein said at her polling place in Hanover County, talking about Democratic Gov. Abigail Spanberger. “She’s on TV every day saying, ‘Vote yes.’ But they’re making…

I’m not very religious. But at 11:30 a.m. on a blue-sky day in Bali, Indonesia, I sent up a prayer to the Boeing 787 roaring above my patch of waves: Singapore Airlines, please, please take me with you.My plea came as I gagged out seawater and paddled back to my new friends. It was November, and I had met this international crew of beginner surfers three days ago.Like me, nearly all of the 30 surf campers arrived at our hostel on Bali’s south coast alone. They ranged in age from 22 to over 50 and hailed from Russia to New…

The price of oil surged on Sunday after a second round of peace talks between the US and Iran appeared on the verge of collapse before they even began. Loading audio narration… Brent crude oil futures rose by 7% when the markets opened at 6 p.m. in New York, opening at $97 a barrel. West Texas Intermediate oil futures increased by 6%, costing $88 a barrel when the market opened.Oil costs have skyrocketed worldwide since the US and Israel attacked Iran in late February. Iran retaliated by effectively closing the Strait of Hormuz, a waterway that connects the Persian Gulf…

Graduation season is upon us, and while this year’s graduates have much to celebrate, they’re also entering adulthood under significant financial pressure.They have more student loan debt than previous generations, face an unforgiving job market, and are trying to navigate a housing market where high prices and mortgage rates have made homeownership feel unaffordable.Where graduates choose to live after graduation could make a big difference, and a new report from Redfin and Glassdoor could help with their decision. The companies ranked 10 major metros using 13 indicators related to housing affordability, career opportunities, and urban quality of life.Across all states,…