Author: arthursheikin@gmail.com

[ad_1] Lina Kahn is having an “I told you so” moment.The former FTC chair celebrated Figma’s stellar IPO in an X post on Friday, nodding at the larger movement, including her own efforts, to block major tech mergers.”A great reminder that letting startups grow into independently successful businesses, rather than be bought up by existing giants, can generate enormous value,” Khan, who led the FTC from 2021 to 2025, said. “A win for employees, investors, innovation, and the public.”Figma went public on Thursday, valued at $19.3 billion, and closed at 250% above its asking price, valuing the design company at…

[ad_1] Would you want your chats with AI to show up in a Google search? I wouldn’t!OpenAI’s ChatGPT raised some eyebrows this week when people realized that certain chats were able to be found by Google search. Although people had checked a box to share the chats publicly, it seemed likely that not everyone understood what they were doing.On Thursday, OpenAI said that it would stop having shared chats be indexed by Google.Meanwhile, Meta’s stand-alone MetaAI app also allows users to share their chats — and it will continue to allow Google to index them, meaning that they can show…

[ad_1] President Donald Trump has a new way to needle Federal Reserve Chair Jerome Powell. He just needs Senate Republicans to sign off.On Friday, Federal Reserve Gov. Adriana Kugler announced that she would step down from her post, effective next week. This means Trump will get to name her replacement for the seven-member central bank.”It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler said in a statement. “I am especially honored to have served during a critical time in achieving our dual mandate of bringing down prices and…

[ad_1] American Eagle wants you to know: it’s about the jeans.The retailer broke the silence on the controversy surrounding its “great jeans” ad campaign starring actor Sydney Sweeney.”‘Sydney Sweeney has Great Jeans’ is and always was about the jeans,” the company said Friday, in a statement on Instagram. “Her jeans. Her story. We’ll continue to celebrate how everyone wears their AE jeans with confidence, their way. Great jeans look good on everyone.”The brand received both criticism and praise for its ad campaign, which features the 27-year-old star.”Genes are passed down from parents to offspring, often determining traits like hair color,…

[ad_1] If you’re looking for a complete home theater in a box, the Samsung HW-Q990F is an excellent place to start. Instead of fussing with big tower speakers, lots of wires, and an AV receiver, this package offers a much more manageable audio solution with a soundbar, wireless subwoofer, and two wireless rear speakers. Not only does the Q990F simplify listening, but it offers an impressive 11.1.4-channel Dolby Atmos experience with a big cinematic punch.I’ve been reviewing and obsessing over audio products for more than a decade, and this system delivers on its promise. The number of features and level…

[ad_1] Meta is still going all-in on the AI talent war, with Mark Zuckerberg reportedly reaching out to top recruits himself, throwing around jaw-dropping compensation packages that top $1 billion over multiple years. And Meta’s latest target? Mira Murati’s new startup, Thinking Machines Lab. It’s a bold play in an already overheated market. While Zuck eyes new talent, Anthropic is preparing to raise a massive round of its own at a staggering $170 billion valuation, nearly tripling its worth in just months. On paper, it looks like the AI cash floodgates are wide open. But all this endless money raises…

[ad_1] Following a disappointing jobs report on Friday, President Donald Trump fired the Bureau of Labor Statistics commissioner.Dr. Erika McEntarfer was appointed to the BLS in January 2024 by former President Joe Biden.”We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified,” Trump wrote in a Truth Social post. “Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes.”On Friday afternoon, BLS confirmed to Business Insider that McEntarfer was terminated.During the search for McEntarfer’s replacement, Deputy…

[ad_1] This as-told-to essay is based on a conversation with Samantha Stobo, a 32-year-old who lives in Miami with her mom. It has been edited for length and clarity.When your life feels like it’s falling apart, it might actually be coming together. I was in a bad place in 2022, but I wouldn’t change anything because it led me to where I am now.I was working in private equity in New York and had been living there for five years. We had gone fully remote during COVID, but then my company wanted to return to in-office five days a week.I…

[ad_1] As the new month kicks off, Goldman Sachs is adding commercial insurance stock Aon to its list of top stock picks. Friday’s slump notwithstanding, stocks enter August near all-time highs after staging a dramatic recovery from their lows of the year in April, following President Donald Trump’s unveiling of new global tariff policies. Corporate earnings growth, moderate economic data, expectations that the Federal Reserve may soon resume cutting interest rates and progress in trade talks have all served as upward catalysts in recent weeks. As it does each month, Goldman Sachs took the opportunity to refresh the “directors’ cut”…

[ad_1] (Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) Here’s a brief examination of key downside levels for the SPDR S & P 500 ETF (SPY). In the context of the current sell-off in the market (the SPY at its low today is -3.16% from Thursday’s all-time high of $639.85). Support comes into play (begins) at pre-tariff sell-off all-time high of Feb. 19 at roughly the $631 level. A drawdown to said level would represent a 4.1% decline from Thursday’s all-time high. Importantly, support is not a plywood board or a concrete floor, but rather is a mattress top. Support begins at the…