Author: arthursheikin@gmail.com

[ad_1] Sometime last year, Ian Lamont’s inbox began piling up with inquiries about a job listing. The Boston-based owner of a how-to guide company hadn’t opened any new positions, but when he logged onto LinkedIn, he found one for a “Data Entry Clerk” linked to his business’s name and logo.Lamont soon realized his brand was being scammed, which he confirmed when he came across the profile of someone purporting to be his company’s “manager.” The account had fewer than a dozen connections and an AI-generated face. He spent the next few days warning visitors to his company’s site about the…

[ad_1] AI isn’t all doom and gloom for jobs, said Amazon’s Andy Jassy.In an interview with CNBC published on Monday, the Amazon CEO deemed AI “the most transformative technology in our lifetime.” He said that it would change things not only for Amazon customers but also for its employees.Jassy said that AI technologies would create jobs in at least two areas of the company.”With every technical transformation, there will be fewer people doing some of the jobs that the technology actually starts to automate,” he said. “Are there going to be other jobs? We’re going to hire more people in…

[ad_1] Ray Dalio, the founder and former CEO of hedge fund Bridgewater Associates, said on Monday that Republicans and Democrats don’t have the political will to reduce the country’s national debt.”There is no way that the deficit/debt bomb problem can be sustainably dealt with unless there is a mix of tax revenue increases and spending decreases that are determined in a bipartisan way,” Dalio wrote in an X post on June 30.Dalio said in his post that both Republicans and Democrats know they have to cut the deficit by raising taxes and cutting spending. This “would lead to a supply/demand…

[ad_1] CNN  —  Moviegoers headed to their local AMC theater can expect to see more ads before movies starting on Tuesday as a deal with ad giant National CineMedia takes effect. The deal, announced in early June, will see AMC Entertainment place ads in the “platinum spot,” the highly coveted period immediately preceding a movie’s start. The preshow material ahead of feature films, which includes trailers and other promotions, can last between 25 minutes to 30 minutes, according to AMC’s website. The deal with National CineMedia, which provides ads to several major theater chains, will also enable AMC to secure…

[ad_1] CNN  —  When you’re making a big financial decision – whether to buy a house, change careers, retire, etc. – chances are you already have a number of concerns. But add to those a series of external events that seem tailor-made to tweak anyone’s financial anxiety. Among other things, in just the past six months: Stocks dropped precipitously in early April and stayed down for weeks before recovering as investors and businesses tried to digest the implications of a US-sparked trade war. So far, the new high-tariffs policy is unevenly applied, still not finalized and subject to change at…

[ad_1] CNN  —  President Donald Trump’s tariffs are designed to boost US manufacturing, restore the balance of trade and fill America’s coffers with tax dollars. The White House’s record on those three goals has been a decidedly mixed bag. But Trump has a fourth way that he likes to use tariffs. Trump has repeatedly threatened tariffs as a kind of anvil dangling over the heads of countries, companies or industries. The subjects of Trump’s tariff threats have, at times, immediately come to the negotiating table. Sometimes, threats just work. The most recent example was over the weekend, when Canada backed…

[ad_1] The Justice Department said on Monday that it had seized hundreds of computers and accused 13 people of tricking US companies into paying salaries to North Korea.In a new indictment filed in Massachusetts federal court, prosecutors alleged that conspirators fooled over 100 American firms in Washington, D.C., and 27 states.These firms weren’t named, but authorities said they include Fortune 500 companies and a defense contractor in California with access to sensitive military technology files.Investigators detailed an elaborate scheme where at least two US citizens worked with North Korean state actors from 2021 to 2024 to steal identities, use them to get…

[ad_1] Here’s how X’s new head of product said he got the job: “I’ve officially posted my way to the top.”Nikita Bier, a Los Angeles-based entrepreneur, posted a picture on X on Monday with the platform’s owner, Elon Musk, writing about how he landed his new appointment.”While I already spend every waking hour on this app, I’ll now be spending that time helping others unlock that same value,” he said in the post.Ladies and gentlemen, I’ve officially posted my way to the top:I’m joining @X as Head of Product.𝕏 is the most important social network in the world. It’s where…

[ad_1] New York CNN  —  Drivers hitting the road this Fourth of July weekend won’t need to break the bank to fill up at the gas pump. Gas prices are expected to average between $3.10 and $3.15 per gallon nationally this Fourth of July, according to GasBuddy, which tracks fuel prices. That’s down sharply from $3.49 per gallon last year and would represent the cheapest gas for the summer holiday since at least 2021. If the national average drops below $3.12 per gallon, it would be the lowest Fourth of July price for gas since 2020 during the height of…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Asset managers made a “huge mistake” in claiming the investment industry could “save the world”, the departing chair of the UK’s Aberdeen Group said, over-egging their role in environment, social and government issues for marketing purposes. Sir Douglas Flint, a former HSBC chair, told a City of London conference this week that their “ridiculously extravagant claims” had opened up asset managers to legal risk. The most grandiose claims by financiers were driven by a mindset of “we’re not really about investing money, we’re…