Author: arthursheikin@gmail.com

[ad_1] They say you never know when your big break will come. For one Wall Street executive, the path to Goldman Sachs started at a sleepaway camp in New Hampshire.In the summer of 2001, rising college junior Jennifer Roth didn’t intend to be a counselor at Camp Wicosuta, the camp she’d been going to since childhood. She was a triple major in finance, international business, and Spanish at Washington University in St. Louis. Her heart was set on a banking internship in New York, but despite having sent out countless résumés, her in-box remained empty.The networking breakthrough she needed to…

[ad_1] President Donald Trump stunned markets Wednesday by announcing 100% tariffs on imported semiconductor chips — but major chip stocks rallied.Taiwanese chip giant TSMC’s stock closed 4.9% higher. In South Korea, Samsung Electronics ended 2.5% higher while SK Hynix reversed losses of over 3% in early trade to close 1.4% up.The rebound came as investors digested news that companies investing in US manufacturing would be exempt. TSMC already operates plants in the US, and both South Korean firms have committed to major US investments.The Trump administration has not released specifics on the tariffs, including when they could come.”The good news…

[ad_1] Things fell apart for Chris Hoskey in 2020.She lost her job of nine years managing returns for a cashmere clothing company just north of Detroit because of the pandemic.Without her $14-per-hour income, she couldn’t afford rent at her mobile home park, so she sold her trailer for a few thousand dollars and left town.”Losing my job made me lose everything,” said Hoskey, who is now 49.In search of work and a place to stay, she bought a camper and moved to northern Michigan, where she found a string of low-wage jobs in fast food and hotel housekeeping.After several months…

[ad_1] Tired: still being on your family phone plan well into your 30s. Wired: hopping onto a plan with your chosen family — your friends. You still get the financial advantage of sharing a joint subscription without the embarrassment of your mom floating the cost of your excessive TikTok habit. Let’s assume your friends are trustworthy enough to keep up on their part of the monthly payment, of course.Americans are drowning in subscriptions. From phone plans to streaming services, fitness apps, and media, consumers are performing what feels like a constant balancing act of sign-ups (and cancellations). While many of…

[ad_1] Alexander Valen thought his more than two decades of experience in the tech industry would help him find a job, but he said it sometimes feels like a disadvantage.In November 2023, Valen was laid off from his project manager role at the consulting firm Accenture, where he said he managed up to 150 developers, architects, and software testers, depending on the project.Over the past 21 months, Valen said he’s had more than two dozen interviews but hasn’t been able to land a job. He and his wife, a stay-at-home mom, have relied on DoorDash earnings, unemployment benefits, and family…

[ad_1] Startups are told to run like Airbnb, go full “founder mode,” and follow OKRs — Objective and Key Results. But Immad Akhund, an angel investor since 2016, said copying Silicon Valley playbooks can backfire.It’s “very easy” to try to copy and paste a Brian Chesky axiom to your situation, Akhund said on an episode of the “In Depth” podcast published Wednesday. “That never works,” he added. “The lessons work in their particular way for that particular situation, and you have to adapt them to your situation,” he said.Akhund said the key is to understand the framework and context that…

[ad_1] There’s a reason Duolingo’s meme-loving, sassy green owl has been blander lately.Duolingo CEO Luis von Ahn said the company has been playing it safe online after his post on mandatory AI usage received harsh social media backlash. The post outlined how Duolingo was going to mandate AI usage and use it as an indicator for hiring and performance review decisions.”The most important thing is we wanted to make the sentiment on our social media positive,” von Ahn said on the company’s earnings call on Thursday. He added: “We still are not posting the extremely edgy things that are more…

[ad_1] As the holiday season looms, US liquor groups are begging Trump to kill the tariffs they say could ruin their most lucrative stretch of the year.A group of 57 associations and guilds called the Toasts not Tariffs Coalition, said in a Wednesday letter to the White House that tariffs could result in a $2 billion sales loss in the holidays.”We reiterate our urgent request that the U.S. and EU come to an agreement to secure fair and reciprocal trade on spirits and wine,” the group wrote in the letter.”As we approach the critical holiday season, a period that is…

[ad_1] Daniella Pierson is a proponent of faking it till you make it.The 30-year-old founder of The Newsette Media Group, known for its daily newsletter about style and pop culture, says it’s been key to her trajectory: a $9 million SoHo apartment, a net worth reported to be $220 million, and mentors like Serena Williams and Diane von Furstenberg.”I faked it till I made it,” she told a Stanford Business School audience in 2024, recalling that she pretended to be an intern when her company was a one-woman affair to drum up interest and used made-up names when communicating with…

[ad_1] Not only does Airbnb want to be the “everything app” — where users can book literally everything, from accommodations to experiences and services — it also wants to do the booking for you.Brian Chesky, cofounder and CEO of Airbnb, laid out his vision for the travel app’s AI-powered future during the company’s second-quarter earnings call on Wednesday. Airbnb beat revenue expectations for quarter two and announced a $6 billion stock buyback, but said it expected slower growth in Q3. The stock was down more than 6% after-hours.”Over the next couple of years, I think what you’re going to see…