Author: arthursheikin@gmail.com

[ad_1] John Calamos issued a cheery outlook for stocks and the economy, and ruled out following Warren Buffett in stepping down anytime soon.The stock market is “coming back very, very well, so I’m pretty positive on that,” the billionaire founder and chief investor of Calamos Investments told Business Insider this week. The benchmark S&P 500 has rallied more than 23% from its April low to trade at record highs as of Friday morning.Technology stocks like Tesla and Nvidia may be trading at heady valuations, but Calamos said he doesn’t see any parallels to past bubbles such as the dot-com boom,…

[ad_1] Uber riders know the frustration: watching your driver make another stop before heading your way.Such rides are a key part of Uber’s strategy, the author of a new study claims.Uber sometimes offers rides to its gig-worker drivers as they are finishing their current jobs. These rides, called forward-dispatch trips, are meant to be convenient ways for drivers to pick up another job and for riders to get into a car faster. The alternative is that riders might have to wait longer, and drivers might spend unpaid time searching for another trip.A study released on Monday by Len Sherman, an…

[ad_1] Charles thought that secretly working multiple jobs would protect him from layoffs. He was wrong.Between 2021 and 2023, Charles earned as much as $300,000 annually by juggling multiple full-time jobs in product and tech. The extra income helped him pay down debt, renovate his home, buy a rental property, and purchase a new car.When he got laid off from one of his jobs last August, he took comfort in still having a roughly $150,000 salary from his remaining role. But landing a new job proved harder than he expected. Then, in September, he got more bad news: he’d been…

[ad_1] CNN  —  Despite daunting market conditions, America’s youngest generation of adults is managing to break into the housing market in growing numbers. Members of Generation Z, the cohort between the ages of 13 and 28, came of age during the economic upheaval of the Covid-19 pandemic. In the years since, home prices have surged and the nation’s housing shortage has deepened — conditions that risk leading some young adults to give up on the dream of homeownership altogether. Still, many in Gen Z are forging ahead with homeownership. The generation now accounts for one in four loans issued to…

[ad_1] Stay informed with free updatesSimply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox.London-listed companies are turning to bitcoin to boost their share prices, drawing Europe’s largest equity market into a growing global trend in which businesses are transforming themselves into proxies for the cryptocurrency.At least nine companies, from a web design business to a gold miner, have in the past week announced that they have either bought bitcoin to add to their corporate treasuries or plan to do so.They are following the likes of Japan’s Metaplanet and Germany’s Bitcoin Group in seeking to emulate…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.South Korea’s stock market has been supercharged by an investor frenzy over won-based digital money this month, following newly elected President Lee Jae-myung’s pledge to allow crypto assets backed by the national currency.Stocks that have been involved in the Bank of Korea’s digital currency project, including Kakao Pay and LG CNS, have been on a wild ride. Kakao Pay shares more than doubled this month and LG CNS rose almost 70 per cent, before paring some gains this week on profit-taking.On…

[ad_1] Even IT pros are susceptible to hackers these days.According to an FBI warning, a notorious cybercriminal group known as Scattered Spider is deceiving IT help desks into targeting the US airline industry.Scattered Spider gained attention in 2023 for hacking both MGM Resorts and Caesars Entertainment within a week of each other.”These actors rely on social engineering techniques, often impersonating employees or contractors to deceive IT help desks into granting access,” the FBI said on X. “These techniques frequently involve methods to bypass multi-factor authentication (MFA), such as convincing help desk services to add unauthorized MFA devices to compromised accounts.”The FBI said the…

[ad_1] An open letter from authors including Lauren Groff, Lev Grossman, R.F. Kuang, Dennis Lehane, and Geoffrey Maguire calls on book publishers to pledge to limit their use of AI tools, for example by committing to only hire human audiobook narrators. The letter argues that authors’ work has been “stolen” by AI companies: “Rather than paying writers a small percentage of the money our work makes for them, someone else will be paid for a technology built on our unpaid labor.” Among other commitments, the authors call for publishers to “make a pledge that they will never release books that…

[ad_1] Looks like Meta isn’t done poaching talent from OpenAI. Earlier this week, TechCrunch reported that Meta had hired influential OpenAI researcher Trapit Bansal, and according to The Wall Street Journal, it also hired three other researchers from the company. Now The Information is reporting four more Meta hires from OpenAI: Researchers Shengjia Zhao, Jiahui Yu, Shuchao Bi, and Hongyu Ren. This hiring spree comes after the April launch of Meta’s Llama 4 AI models, which reportedly did not perform as well as CEO Mark Zuckerberg had hoped. (The company was also criticized over the version of Llama that it…

[ad_1] My wife and I both went to college and graduated with bachelor’s degrees. On the whole, I think we’d both agree that college was worth it for us. We got to have the careers we wanted. College degrees helped us to build a stable, prosperous, and interesting life.But college isn’t for everyone. And our oldest child is on a very different path — a flight path.That’s right: our 17-years-old son wants to be an airline pilot. And airline pilots don’t have to go to college. Instead of a four-year degree, we’re considering a different plan for him where he…