Author: Editor

This as-told-to essay is based on a conversation with Eric Fung, 37, the CEO of Colega AI in Tokyo. It’s been edited for length and clarity.I was ready for a fresh start, so last year, I moved to Tokyo.California wasn’t what it used to be: the cost of living was insane, and the Bay Area magic had dimmed. I wanted a reset. I had visited Tokyo as a tourist and loved its safety, cleanliness, and energy.I also noticed something important. Japan is home to more than 3 million small businesses, including restaurants, bars, cafés, and retailers. Unlike the US, where…

The YouTube logo is seen outside the company’s corporate headquarters in San Bruno, California, in April 2025. The company settled a lawsuit brought against it by President Trump before his re-election. Josh Edelson/AFP for Getty Images hide caption toggle caption Josh Edelson/AFP for Getty Images YouTube will pay $24.5 million to President Trump to resolve a 2021 lawsuit that claimed he was the victim of censorship when the site suspended his account following the Jan. 6, 2021 attack on the U.S. Capitol by Trump’s supporters, according to federal court papers filed on Monday. YouTube parent company Google will dedicate $22…

Electronic Arts CEO Andrew Wilson will soon no longer have to answer to Wall Street, but he may not be off the hook.The video-game company Wilson has led since 2013 announced on Monday that it will go private in a $55 billion all-cash deal backed by Saudi Arabia’s sovereign wealth fund, as well as the investment firms Silver Lake and Affinity Partners.It is the largest leveraged buyout in history, and shareholders will get a premium of around 25% on Thursday’s closing share price, the parties involved said in a joint statement. Wilson, who assumed the additional title of chairman in…

When deciding what vehicle to buy, it’s not uncommon for consumers to ask their auto lender what they can reasonably afford. But while helping members with that question, the folks at Navy Federal Credit Union made a surprising discovery: The car’s price alone wasn’t enough to provide the best answer.”We’re always looking for ways to help our members make smart, informed financial decisions, especially with big-ticket items like vehicles,” said Kevin Wince, vice president of consumer lending servicing, projects and risk at Navy Federal Credit Union. “Car ownership isn’t just about the sticker price. It’s insurance, gas, repairs, and more.”So…

Wealthfront app.Source: WealthfrontWealthfront, the startup that helped popularize the robo-advisor style of automated investing, filed for a U.S. initial public offering Monday, making it the latest in a wave of fintech firms going public this year including Chime and Klarna.The company in June filed confidentially for an IPO, but waited until now to make that filing public. That signals that Wealthfront is planning on kicking off its roadshow to pitch shares to investors; an IPO typically follows weeks after the S-1 filing is made public. The company intends to list on Nasdaq under the ticker symbol “WLTH.”Wealthfront, led by CEO…

The Treasury Department posted a contingency plan Monday for the Internal Revenue Service in the event of a government shutdown this week.The plan estimates up to half a workday would be needed to complete shutdown activities. The total number of IRS employees expected to be on board before implementation of the plan is 74,299 adjusted for the Deferred Resignation Program, the voluntary buyout program that was offered to IRS employees earlier this year before the IRS decided to reverse course. However, that number is still down about 25% from the approximately 103,000 employees who were working at the IRS in…

The Hollywood sign in Los Angeles on Jan. 22, 2024Mario Tama | Getty Images News | Getty ImagesThere was a time when Hollywood simply referred to a neighborhood in the central region of Los Angeles.These days, “Hollywood” has come to represent the entire domestic entertainment business — and it’s at a crossroads.Its namesake area is no longer the bustling production hub it once was, as studios have chased tax benefits and lower labor costs overseas. It’s more expensive than ever to make a movie or television series, especially after the pandemic and the writers and actors strikes which reshaped how…

“That shot,” the man said, “was poo!”His jeer came during the afternoon matches on the first day of competition at the Ryder Cup, from within a crush of spectators craning their necks to see the 14th hole. The days before the event, friends and colleagues warned me, a golf novice, to expect the kind of taunting and rowdiness that ended up making headlines as the tournament progressed.Between the Long Island crowds, fierce national pride, and President Donald Trump’s attendance, I prepared myself for mild anarchy at the biennial tournament between the US and Europe. So what stood out instead was…

The Fed’s closely watched moves around interest rates ripple across the U.S. economy, and trusts that don’t give clients much flexibility could sustain some damaging tides.Fluctuations in the federal funds rate affect many of the distributions that trusts pay to beneficiaries based on the yield of fixed-income vehicles that help determine the amount of mandatory outlays from the entity, according to Cheri Stein, a partner with Southfield, Michigan-based registered investment advisory firm Plante Moran Wealth Management who is a managing director and senior trust officer with the firm’s trust arm. Adjustments to interest rates could pose consequences across many aspects of…

US businesswoman Charlie Javice (L), founder of Frank, arrives for her sentencing hearing at federal court in Manhattan on Sept. 29, 2025, in New York City.Timothy A. Clary | AFP | Getty ImagesCharlie Javice, founder of a startup acquired by JPMorgan Chase in 2021 for $175 million, was sentenced to just over 7 years in prison Monday for defrauding the bank by overstating how many customers the fintech firm had, Reuters reported.In March, a 12-person jury found Javice and her chief growth officer Olivier Amar guilty on three counts of fraud and one count of conspiracy to commit fraud. Prosecutors had sought a sentence…