Author: Editor

Lloyd Blankfein, the former Goldman Sachs CEO, says young workers with spare cash might want to buy something sensible — and something fun.Blankfein was asked during the latest episode of the “Financial Tea with Mrs. Dow Jones” podcast for his advice to a 25-year-old with $5,000 in savings.”Well, the first thing I did was I bought an insurance policy,” he replied, noting that many of his coworkers used their first cash piles to buy cars instead.Blankfein said life insurance is a “form of savings” because you build up value in the insurance company that you can “tap if you need…

The passenger cabin on a Delta Boeing 737-900ER is shown while landing in Salt Lake City, Utah.Mike Blake | ReutersDelta Air Lines has tapped Amazon Leo to provide fast internet service on hundreds of jets starting in 2028, the latest salvo in airlines’ in-flight Wi-Fi and streaming wars.Amazon Leo, which stands for low Earth orbit, is offering satellite Wi-Fi, which Delta says will initially be available on 500 of its aircraft. Delta will start with domestic-focused, narrow-body planes from Boeing and Airbus. The airline also uses Hughes and Viasat for in-flight Wi-Fi. “People want faster speeds, they want more bandwidth,…

For the last week, I’ve been watching the dip and trying to figure out the optimal time to buy. I’m talking, of course, about my Old Navy shopping cart.A few months ago, I noticed that items I’d added to my cart on the Old Navy app changed day to day. Typically, prices would increase after a day or two, and go back down the next day. Often, I’d hit “checkout” to avoid more price hikes. It was annoying, and I would often blame myself if I let a deal slip by.So I decided to try an experiment. For the past…

Lewis has been active in the sector for nearly two decades, dating back to 2007 — well before the AI-driven boom pushed the industry into the spotlight.Over that time, the scale of projects has shifted dramatically: what was once a $25 million deal is now dwarfed by gigawatt-scale campuses requiring billions. “If you can’t invest a billion dollars, we don’t even want to talk to you,” Lewis said, underscoring how the surge in demand has raised the bar for investors.Citizens, a Northeast regional lender, has become a significant player in the data center boom by building a 35-person specialized team…

Tech bosses say AI will make us work less. So far, that’s mostly meant fewer of us will be working for them full-time.Meta cut hundreds of workers last week. Oracle is reportedly considering thousands of layoffs to shore up money for its data center costs. Atlassian cut 10% of its workers this month as it restructured to focus on AI. Block laid off 4,000 employees in February, about 40% of the company. A report from career transition firm Challenger, Gray, and Christmas found that AI has been cited as the rationale behind some 92,000 job cuts at US-based companies since…

Fueling up just got even more expensive.On March 31, the national average price for a gallon of regular gas climbed to $4.018, according to AAA, crossing a key threshold that tends to grab drivers’ attention — and strain household budgets. It had been $3.99 on March 30.AAA data shows the national average stood at $2.98 a gallon on February 27, a day before the US and Israel bombed Iran. The gas price run-up has accelerated amid the heightened tensions in the Middle East. Shipping through the Strait of Hormuz has been disrupted, where an estimated 20% of the world’s oil…

Messy breakup? Instagram might make it a lot harder to move on.Instagram is testing a new subscription that gives paying users access to several features, including the ability to view another user’s Story in stealth mode.Other perks include creating audience lists beyond “Close Friends” and extending a Story by an additional 24 hours. Instagram Stories are photos and videos that expire after 24 hours. Currently, the creator can see who views them.”Our hope from these tests is to understand what’s most valuable to people in a premium feature set,” an Instagram spokesperson said in a statement to Bloomberg. The company…

Russians should consider working 12-hour days, six days a week, as the country grapples with a deeper economic shift, Russian billionaire Oleg Deripaska said on Monday. Loading audio narration… Referring to what he described as a changed global reality, Deripaska framed the country’s slowing economy as more than a typical downturn driven by interest rates or monetary policy.”This crisis is deeper. It is caused by a difficult transformation: from the global opportunities we once had to regional ones, with all sorts of restrictions,” Deripaska wrote in a Telegram post.He argued that Russia should tap into what he described as its…

Editor’s note: This list was first published in August 2023 and has been updated to reflect recent developments.After years of losses, Allbirds has agreed to a sale.The company announced on Monday that it would be acquired by American Exchange Group, a New York-based fashion and consumer goods company, for $39 million.The announcement follows several years of plummeting sales for the shoemaker, once famous for its wool sneakers worn by tech bros and venture capitalists. At the height of its popularity, during its IPO trading debut in 2021, its stock soared about 116% and gave the company a $4 billion valuation.…

Some Chick-fil-A restaurants have offered a free cone if you give up your phone.A Maryland location says it’ll provide diners with a place to put their phones while they eat. At the end, everyone at the table gets an ice-cream cone as a reward. They’re calling it the “Cell Phone Coop Challenge.””Are you up for the challenge?” The Chick-fil-A at Towson Place asked its Facebook followers.The Towson restaurant tells diners to ask an employee for the container to put their phones inside and on silent, and enjoy their meal without technology.”Grab the coop, and take the challenge,” a poster reads.…