Elon Musk’s proposal of ‘universal high income’ to combat AI job losses baffles economists: ‘So wrong on this’
The proposal rebuffed the idea that such payments would be inflationary.
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Mortgage rates show signs of falling after Iran war peak
Major lenders make rate reductions as markets take some heart from a possible truce in the Iran war.
'I'm the lucky one' - more than one in three young men now live with their parents
Last year, the highest proportion of men aged 20-34 were still living at home since at least 2007 as the rising cost of living takes hold.
NYC grocers lobby Council Speaker Julie Menin to fight Mayor Mamdani’s controversial grocery-store plan
Big Apple grocery stores are optimistic that Council Speaker Julie Menin will take their side after she issued a cool response to Mayor Mamdani's proposal earlier this week.
The empty storefronts haunting Santa Monica’s Third Street Promenade
The outdoor mall, two blocks from the beach, used to bustle with shoppers — until it didn't.
Meta to cut 8,000 jobs — 10% of workforce — in major bloodbath next month: report
Mark Zuckerberg’s Meta plans to lay off 10% of its workforce in a companywide bloodletting on May 20 – with even more cuts to follow later in the year, according to a report Friday.
OnlyFans in talks to sell stake in deal that values porn empire at $3B: report
OnlyFans is in advanced talks to sell a minority stake to Architect Capital in a deal that would value the British company at more than $3 billion – down from the $3.5 billion the adult content giant had sought before its reclusive owner died last month. San Francisco-based
Philz Coffee makes stunning decision after uproar over Pride flag removal
"I made a mistake, and I am sincerely sorry," CEO Mahesh Sadarangani said in a statement.
New South LA Dunkin’ Donuts won’t let diners inside as customer trashes store
They want your money — but they don't want you inside the store.
Air Canada suspending flights to JFK for 5 months, blaming soaring jet fuel costs
The average price for a gallon of jet fuel reached $4.32 on Thursday, up from $2.50 the day before the war in Iran broke out, according to Argus Media.
Tinder and Zoom offer 'proof of humanity' eye-scans to combat AI
The tech aims to identify people's irises and stop the rise of fake accounts and malicious scams.
AI minister Kendall says she doesn't use AI at work
The Science, Innovation and Technology Secretary this week unveiled a £500m fund to boost British AI firms.
Britannia Pub in Santa Monica to close to make way for Taco Bell Cantina
Santa Monica locals are reeling after learning a beloved British pub will soon give way to a Taco Bell Cantina.
Anthropic CEO Dario Amodei set to meet White House chief of staff Susie Wiles amid AI fight: reports
Dario Amodei is scheduled to meet White House chief of staff Susie Wiles in the West Wing on Friday – a potential sign that the Anthropic chief executive and the Trump administration are ready to bury the hatchet after their bitter feud over artificial intelligence safety.
Ford recalls over 1M F-150 pickup trucks over crash risks linked to gearshift defect
The automaker is aware of two injuries and one accident possibly related to the issue.
Gwyneth Paltrow going back to her roots as star brings Goop Kitchen to NYC: ‘Feeding most of Manhattan’
Don’t expect to see Paltrow waiting tables, though – Goop Kitchen relies on “ghost kitchens” that only take orders for delivery.
How to know if you're on an energy price cap tariff
Martin was shocked to learn how many people didn't know if they were on an energy price cap.
CNBC anchor rips Mamdani for filming video outside billionaire Ken Griffin’s NYC penthouse: ‘Demonizing him’
Sara Eisen warned the move risks backfiring, noting Griffin “employs thousands of people in NYC” and is “investing billions more."
Oil prices plunge as Iran says Strait of Hormuz 'open' during ceasefire
Brent crude sinks by a tenth after Iran says the key waterway is open for commercial ships for the rest of the ceasefire.
Dow surges over 800 points, oil drops over 10% after Iran opens Strait of Hormuz
The selloff came as a ceasefire between Israel and Lebanon raised hopes that disrupted supply could return to market.
What is Claude Mythos and what risks does it pose?
The company's claim the AI tool can outperform humans at some hacking and cyber-security tasks has sparked fears in the financial world.
Larry Fink’s take on the Middle East crisis is at odds with doom-and-gloom mainstream media
Larry Fink’s BlackRock posted blow-out earnings this week – and you can thank the business it's doing in the war-torn Middle East, On The Money has learned.
Beyond the memes: Understanding the unique roles of gold and Bitcoin
The crypto crowd spent years positioning Bitcoin as the ultimate hedge against a falling dollar. Did it pay off?
UK petrol and diesel prices fall after weeks of rises
Drivers have seen weeks of increases as the US-Israeli war with Iran pushed up wholesale oil prices.
How Wall Street is betting Trump’s battle over the Fed will pan out
The president hates being dissed by anyone – including and especially a two-term senator.
The desperation trap: How I stopped rushing the hiring process
Think a bad hire is better than an empty seat? Think again.
The fake images behind AI insurance scams
An insurer reports a 71% rise in fraudulent claims, driven partly by an increase in faked images.
Nearly 160,000 uninsured cars seized on UK roads
Seizure numbers hit a 17-year high as an estimated 300,000 uninsured vehicles are driven each day.
Chinese carmaker patents voice-controlled 'in-vehicle toilet'
Seres' plans show how stiff competition in the EV space is putting pressure on carmakers to innovate.
Finance ministers and top bankers raise serious concerns about Mythos AI model
Experts say Mythos potentially has an unprecedented ability to identify and exploit cyber-security weaknesses.
