Author: Editor

A used car dealership is seen in Annapolis, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at many vehicle manufactures to nearly stop.Jim Watson | AFP | Getty ImagesDETROIT — A closely watched barometer for used vehicle pricing jumped last month as dealers sped to increase inventories amid expectations of a robust spring selling season.Cox Automotive on Friday reported its Manheim Used Vehicle Value Index — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 4% in February compared…

Scott Kirby, CEO of United Airlines, speaks during the WSJ’s Future of Everything 2025 at the Glasshouse on May 29, 2025 in New York City. Michael M. Santiago | Getty ImagesBOSTON — United Airlines CEO Scott Kirby said the spike in fuel prices since the U.S. and Israel attacked Iran on Saturday will have a “meaningful” impact on the carrier’s financial results this quarter, but he added that demand has been resilient.Jet fuel, airlines’ biggest expense after labor, has surged 58% since last Friday, going for $3.95 a gallon on Thursday, according to the Argus U.S. Jet Fuel Index. “If…

Paramount is setting the stage.David Ellison has turned Paramount from an aging legacy media brand into arguably the biggest threat to streaming juggernaut Netflix in less than a year.But his work is far from done. In fact, it’s just beginning.BI’s James Faris, who has been all over Paramount’s rise to power, has a great breakdown of Ellison’s ongoing transformation at Paramount. The moves come as Paramount prepares for the arrival — pending regulatory approval — of its biggest prize: Warner Bros. Discovery.If anyone is up for the job, it’s Ellison. You don’t get turned down multiple times only to ultimately…

For Adam Janes, the odd thing about being a software engineer these days is that he rarely writes code anymore.Instead, he spends more time drafting specifications in English that describe what a piece of software should do. AI kicks out the code. He reviews and refines it.Janes isn’t alone.At Spotify, the company’s top developers haven’t drafted “a single line of code” since December, Gustav Söderström, the co-CEO, said on a February earnings call. Instead, engineers often supervise AI as it generates code.”It is a big change. It is real, and it’s happening fast,” Söderström said. Every time Tim publishes a…

Jordynn Ison dreams about Bangkok’s sunshine, street food, and affordable dental work. Loading audio narration… The 27-year-old calls Ohio home and has been solo traveling for the past few years. She almost always schedules doctors’ visits during her overseas vacations to destinations like Bali, Vietnam, Japan, South Korea, Turkey, and more. It’s cheaper that way.”It’s just so convenient and so easy and so affordable,” she said, adding that her recent dental crown procedure in Thailand cost about $500, roughly half of the average US price. “It surprises me that more people don’t do it.”The medical tourism industry is booming. To…

Demarre Johnson usually keeps his phone on “Do Not Disturb” during the workday. When he finally glanced at it on Thursday, it was lighting up with messages from professional contacts he hadn’t heard from in ages.Most were texting him about the now-viral article profiling Wall Street’s “finest boys in finance,” a glossy photo shoot in Interview magazine published Wednesday evening that’s spawned a wave of memes and discourse among Wall Street’s chronically online.Business Insider caught Johnson, a 23-year-old financial services data and AI consultant at PricewaterhouseCoopers, and one of the young men featured, during his lunch break on Thursday. He…

Survived the Block layoffs? You might be getting a hefty retention package, including a bonus.Naoko Takeda was a data scientist at Block’s Cash App for two years, per LinkedIn. After over 4,000 of her Block colleagues were laid off last week, Takeda wrote on LinkedIn that the company offered her a roughly 75% pay increase as well as a “retention bonus.”She quit “almost immediately,” she wrote.”I saw my company discard half of my peers and double my pay,” Takeda wrote. “That’s not an honor. It feels shameful and dehumanizing.”Takeda wrote that her overall “retention package” represented about a 90% bump…

Pedestrians in the snow at Times Square during a winter storm in New York, US, on Sunday, Feb. 22, 2026.Bloomberg | Bloomberg | Getty ImagesHistoric winter storms and subsequent store closures weighed on Gap’s performance during its holiday quarter and contributed to worse-than-expected results at its portfolio of brands, the retailer said Thursday. Cold weather, snow and ice throughout much of the U.S. in January led to about 800 temporary store closures at the storms’ peak, contributing to a miss on comparable sales for Old Navy and mixed companywide results, the retailer said. “Old Navy and all the brands were actually trending…

“Million Dollar Listing Los Angeles” star Tracy Tutor has sued Oren Alexander, accusing him of sexual assault as the ex-high-end real estate broker and his brothers await a verdict in their criminal sex trafficking trial. Loading audio narration… Tutor, a real estate broker in California and Texas who has been featured on six seasons of the Bravo real estate TV show, alleged in a lawsuit filed Thursday in New York federal court that she is a victim of Alexander’s “ruthless abuse of women.”In the court papers, Tutor accused Alexander, then a top broker at Douglas Elliman, of enticing her to…

Meta recently hired the team of engineers behind Gizmo, a buzzy AI startup founded by ex-Snapchat staffers.A spokesperson for Meta confirmed that the team joined Meta earlier this year. The company declined to disclose the financial details of the deal.Gizmo is the sole product from Atma Sciences Inc., which was founded in 2024. The team includes Josh Siegel (CEO), Daniel Amitay (CTO), Brandon Francis, and Rudd Fawcett, among several other ex-Snapchat engineers, according to LinkedIn. Meta has a non-exclusive license to Atma Sciences’ technology.Gizmo lets users create interactive, touch-enabled content — like a tiny game or mini-app — by typing…