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[ad_1] CNN  —  Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come into America will deliver a taxing blow to consumers via higher prices. However, recent months’ economic data has shown that overall inflation has remained fairly tame. Trump and members of his administration tout the positive economic reports as signs that tariffs are working. However, the chorus of concern is growing: Prices are moving higher, and economists say this is just the beginning. Here’s a look at the mechanisms behind why price hikes, and hotter inflation,…

[ad_1] One venture capitalist is playing the AI game by investing in tools for top jobs.In an episode of the “Uncapped” podcast published on Wednesday, a Kleiner Perkins partner, Mamoon Hamid, said the firm is investing in startups that make digital assistants for America’s highest-paying jobs.”If you’d look at a chart of the top 20 jobs in the US by pay, those are doctors, lawyers, and engineers,” Hamid said. “So we thought, OK, so how do we invest in copilots for these job types?”The VC added that: “There are parts of these jobs that are very nuanced and the human…

[ad_1] Lululemon is straying far from its yoga roots, and it could hurt the business, analysts say.In a Wednesday note, Jefferies analysts identified several issues with the Vancouver-based athleisure brand’s offerings. The analysts visited two Lululemon stores, one in Westport, Connecticut, and another in Coral Gables, Florida, to weed out product problems.For one, the analysts said Lululemon was leaning too heavily into large logos to sell its products, and straying far from its yoga roots.”LULU continues to stray further away from its yoga-inspired roots to designs similar to general apparel brands like the Gap,” the note said.They said Lululemon was…

[ad_1] Former OpenAI board member and LinkedIn cofounder Reid Hoffman says it makes economic sense for tech companies to offer eye-watering signing bonuses to lure top AI talent to their ranks.”The talent race to your average American looks crazy. The amount of money you’re paying individuals in order to do this,” Hoffman said in an interview with CNBC on the sidelines of the Sun Valley conference on Wednesday.The hunt for top AI researchers has been heating up as companies like Meta seek to gain a foothold in the industry by poaching talent with pay packages to the tune of hundreds of millions of dollars.Hoffman, however, said…

[ad_1] CNN  —  Crissy and Avi Eliashar bought their home in Jonestown, Texas, 13 years ago. They never had a problem with flooding until water washed away their home, car and all their possessions early Saturday morning. Avi, a security guard, was at work when the water rapidly filled their mobile home. That left Crissy, a school teacher, barely any time to escape with their three children – sons Beni, age 12; Dov, age 10; and 7-year old daughter Mayaan – along with her son’s friend who was spending the night. Mayaan was saved from being swept away in the…

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldBillionaire mining entrepreneur Robert Friedland welcomed US President Donald Trump’s vow to impose a 50 per cent tariff on copper imports, arguing that domestic production of the metal was “fundamental to America’s national security”.Analysts and other executives have questioned the logic of imposing such a high levy when the US remained so dependent on imports of the metal, but the founder of Toronto-listed Ivanhoe Mines said the move was needed to “wake people up” to America’s vulnerability.“There’s a new…

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe writer is president of Queens’ College, Cambridge, and an adviser to Allianz and GramercyIt did not take long after last week’s UK fiscal drama for the typical political response to emerge. There was a swift pivot from a focus on what happened — the gutting of the government’s welfare reform bill and market-destabilising scenes in parliament — to looking at how it happened.Yet it would be an economic mistake to defer addressing the “what” at a time when…

[ad_1] Stay informed with free updatesSimply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox.Dutch pension funds are set to put pressure on European government bond markets later this year as they start to sell around €125bn of long-dated bonds because of a substantial reform of the retirement sector. Between 2025 and 2028 the €1.5tn Dutch pension industry is transitioning from a system in which final payouts to pensioners are guaranteed to a defined contribution framework, in which employers are only tied to the amount they put in. That will mean holding much less long-term sovereign…

[ad_1] Tesla risks violating a corporate governance rule in Texas, and shareholders are sounding the alarm.The EV maker, which was incorporated in the state of Texas in 2024 after leaving Delaware, has yet to schedule its annual shareholder meeting, which by state law must occur within 13 months of the last one.ForTesla, that deadline is Sunday, July 13.In a letter obtained by Business Insider sent four days ahead of the deadline, a group of investors managing $1.5 trillion in collective assets is demanding that Tesla publicly announce an “Annual General Meeting” date, disclose access details, and give shareholders “sufficient time…

[ad_1] Linda Yaccarino is done cleaning up after Elon Musk.When she joined the platform formerly known as Twitter in June 2023, investors and ad industry professionals heralded her as a potential savior. The Madison Avenue veteran was tasked with turning around the platform’s ad business, which foundered when Elon Musk purchased the company then known as Twitter in 2022.But within her first couple of months in the top job, her most important responsibility crystallized: She would be a highly visible clean-up crew for Musk.”It became pretty clear straight away” her main role would be to “try to keep morale going internally,”…