Author: arthursheikin@gmail.com

[ad_1] This as-told-to essay is based on a conversation with Karen Abarca, a 33-year-old communications engineer in Los Angeles County. It’s been edited for length and clarity.I am very fortunate to have not just one, but two highly sought-after careers.My mom is a seamstress, so she taught me how to fix my clothes. Once she taught me how to make dresses in high school, it was game over. That’s all I wanted to do.But as a kid, I loved science. I grew up thinking that I would be a scientist or maybe a doctor. I never really saw that path…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Singapore has hit banks and wealth managers including UBS, Citi and Julius Baer with its second-largest collective penalty ever in relation to a money-laundering case that dented the city-state’s clean reputation and cast a pall over its wealth management sector.Nine financial institutions received a collective penalty of S$27.45mn (US$21.5mn), the largest figure since penalties in the 1MDB case, over what Singapore’s regulator called “poor and inconsistent implementation” of controls in a US$2bn money-laundering scandal.The case, which was linked to online gambling…

[ad_1] A version of this story appeared in the CNN Business Nightcap newsletter. To get it in your inbox, sign up for free here. New York CNN  —  It might not come as a shock if you have eyes, but the Cybertruck is, officially, a flop. Tesla is deliberately opaque about its sales numbers on specific models, so you have to squint to get a sense of just how badly the company’s dystopian dumpster on wheels is performing in the real world. But we definitely have some idea. Here’s what we know, based on Tesla’s deliveries (a proxy for sales)…

[ad_1] This as-told-to essay is based on a conversation with Mary Jane Surette, a 65-year-old former senior marketing manager based in Boston, about reentering the job market as an older woman and retirement plans. It’s been edited for length and clarity.I’ve never cried over a layoff because I save tears for human beings, not for corporate America. I never love a job. I like a job, I love people.I’ve been really fortunate to have had 40 years in the same marketing career. It’s just a fabulous career, and I’ve enjoyed every experience. During my time in retail marketing, I’ve worked…

[ad_1] Writing thank you notes might be one job plenty of people would be willing to let AI and robots take over.Turns out, they already are.The company Handwrytten deploys artificial intelligence to help customers whip up notes and then uses an army of robot scribes, gripping ballpoint pens, to write them.”The vast, vast, vast majority of the time, you’d never have an idea that it’s written by a machine,” David Wachs, founder and CEO of the Tempe, Arizona, company, told Business Insider.After all, we’re in a moment in which tech boosters say our digital counterparts will soon free us from…

[ad_1] The meme-stock craze helped make trading app Robinhood a household name, but its CEO said some users have shifted from YOLO-style bets on SPACs and crypto toward long-term, passive investing.Passive investing in broad index funds has been in vogue for years and heralded by the likes of Warren Buffett as a way of avoiding the costs and risks of active trading, like transaction fees and picking the wrong stock.Robinhood became synonymous with speculative day traders during the COVID-19 pandemic, pioneering the commission-free stock-trading model while drawing fire for gamifying investing with digital confetti and other visual cues.The fintech company…

[ad_1] Waymo is a robotaxi service owned by Google’s parent company, Alphabet. Since opening its service to the public in 2020, Waymo has said it has provided millions of paid, fully autonomous rides.The company continues to expand its service, in part by partnering with other ride-hailing platforms, and has begun testing its robotaxis outside the US.Waymo’s beginningsWaymo was initially formed by Google and was known as the Google Self-Driving Car Project. After seven years of research and development, it eventually spun out into its own company in 2016. Alphabet remains the majority owner of the company.Google started developing Waymo and…

[ad_1] Need a reason to take a vacation? At Olipop, employees don’t have a choice.The prebiotic soda brand valued at $1.85 billion recently launched a program requiring its staff of roughly 220 to take at least one full week of PTO. It’s also raffling off a $1,000 stipend to four employees each month from June to September to spend on their vacation.”I have no concern that our employees, writ large, should be able to afford a vacation, but things are expensive, right?” Olipop CEO Ben Goodwin told Business Insider, adding that he wants to send an “ultra clear” message about…

[ad_1] CNN  —  On April 9, President Donald Trump gave the world a three-month window to negotiate trade deals with the United States or face higher “reciprocal” tariffs. With just five days remaining in that tariff moratorium, the White House is expected to begin delivering a message to a dozen or so countries: Time is up, and here’s your new tariff rate. Trump early Friday at Joint Base Andrews told reporters that he would notify 10 to 12 nations a day over the course of the next five days, detailing their new tariffs in letters that the White House would…

[ad_1] The companies that best take advantage of AI won’t be using it to replace human labor, said GitHub CEO Thomas Dohmke. Instead, they’ll be upping their hiring of increasingly efficient engineers.”The companies that are the smartest are going to hire more developers,” Dohmke said on an episode of “The Silicon Valley Girl Podcast.””Because if you 10x a single developer, then 10 developers can do 100x,” he said.Dohmke said that AI has made it that much easier to learn how to program, and simplified the process for those who are already professionals. As the technology continues to evolve, he added,…