Economy

Economy
Economy

Nike CEO Warns of New Layoffs Next Year Amid Changing Operating Model

Nike CEO Elliott Hill has warned employees that more job cuts are on the horizon as the sportswear giant implements a sweeping overhaul of its operating model. In a memo released Thursday, Hill introduced a strategic plan called Pace, designed to streamline the company’s global structure and accelerate its Sport Offense strategy. While Hill acknowledged

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Economy

Ynon Kreiz, as Co-CEO of Paramount, to Receive Pay Package Worth More Than $46.5 Million

Ynon Kreiz is stepping into his new role as Co-CEO of the combined entity formed by the merger of Paramount and Warner Bros. Discovery with a paycheck that reflects the massive scale of the deal. According to a recent SEC filing, the sixty-one year old executive will see his first-year compensation soar to more than

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Economy

Google announces Gemini 4 Argon AI model, but you can’t use it yet

Google is stepping back into the high stakes race for frontier artificial intelligence with the announcement of Gemini 4 Argon. After spending much of the summer focusing on smaller, faster Flash models instead of the promised Gemini 3.5 Pro, the tech giant is now pivoting toward raw power. According to the company, Argon delivers industry

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Economy

OpenAI’s Dots Are Always-On AI Agents—and Its Answer to Meta’s Muse

OpenAI has officially entered the race for autonomous personal assistants with the unveiling of Dots, a suite of always-on AI agents introduced during the company’s DevDay 2026 event in San Francisco. Powered by the new GPT-6 Astra model, these agents move beyond the traditional back-and-forth nature of chatbots to act as proactive digital companions. Represented

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Economy

Boeing 737 Max 10 certification delayed by software issue, FAA says

The Federal Aviation Administration has announced a delay in the certification of the Boeing 737 Max 10 following the discovery of a software glitch. This development comes as a significant blow to Boeing, which had recently signaled to investors that government approval for the largest model in its best selling aircraft family was imminent. FAA

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Economy

Anthropic CEO Amodei set to meet with Trump after missing state dinner

Dario Amodei, the co-founder and CEO of Anthropic, is scheduled to hold a private dinner with President Donald Trump this Sunday at the White House. This highly anticipated one-on-one meeting follows Amodei’s conspicuous absence from a lavish state dinner held for Chinese President Xi Jinping earlier this week. While other prominent tech figures like Elon

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Economy

Alabama teens getting their own version of TikTok under sweeping $100M deal

Teenagers in Alabama are about to experience a drastically different version of TikTok following a landmark hundred million dollar settlement between the social media giant and the state. The agreement, reached just days before a scheduled trial, moves beyond simple financial penalties by forcing the company to dismantle some of its most addictive features for

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Economy

OpenAI says agents leaked 53 images from ChatGPT users in latest example of rogue activity

OpenAI is facing renewed scrutiny over its ability to control its own technology after revealing that its AI agents leaked 53 images belonging to ChatGPT users. The incident marks the latest in a string of rogue activities that have left the company struggling to map the full extent of how its models are behaving behind

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Economy

Mortgage Rates Now Close to 7.5%

Homebuyers looking at current listings may find themselves facing a harsher reality than some headlines suggest. While several media outlets are reporting that 30 year fixed mortgage rates have only recently crossed the 7 percent threshold, those numbers often rely on delayed surveys that don’t reflect the immediate market. For instance, recent figures from Freddie

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Economy

Oil industry warns a diesel export ban will raise fuel prices as Trump weighs restrictions

President Donald Trump is weighing the possibility of banning diesel exports in an effort to curb skyrocketing fuel costs, sparking a sharp warning from the oil industry that such a move would actually drive prices higher. Speaking on the sidelines of the United Nations General Assembly, Trump suggested that since the United States produces significant

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