Author: arthursheikin@gmail.com

[ad_1] Remote work and a search for affordable housing have reshaped where people live.Cities across the US that might have previously flown under the radar are offering new residents big incentives, from cash to free land.Lillian Griffith moved to Tulsa, Oklahoma, from Alpharetta, Georgia, in August 2022 to take advantage of the Tulsa Remote program, which granted her $10,000 simply for relocating to the city.”The Tulsa Remote program is not some elitist program that only accepts people who work in high-paying positions,” Griffith, a data engineer, told Business Insider in 2023. “It’s more about pulling people who can bring a…

[ad_1] Nike is raising prices for US customers to offset an expected $1 billion cost increase from tariffs. A “surgical price increase” is how Nike’s CFO Matthew Friend described it.”These tariffs represent a new and meaningful cost headwind,” he said as the company reported its latest earnings on Thursday.The company’s quarterly revenue fell 12% to $11.1 billion — the lowest it’s been for around three years — yet still beat analysts’ modest expectations.Friend outlined a four-part strategy, including the price increases, to mitigate the tariff costs, beginning with diversifying its sourcing and allocating production across countries.Nike said 16% of the…

[ad_1] New York CNN  —  The dreaded “blue screen of death” that has tormented millions of Windows users for decades is being put to rest. Microsoft is ditching the notorious feature that appears on Windows computers in the coming months, “streamlining the unexpected restart experience” with a new black-colored screen, the company announced in a blog post. The “simplified” screen that appears during “unexpected restarts” will roll out later this summer on all Windows 11 devices that use 24H2 operating software. It will also reduce reboots to “about two seconds for most users,” the company said. Variations of the “blue…

[ad_1] CNN  —  Treasury Secretary Scott Bessent on Friday said he thinks trade negotiations could be “wrapped up” by Labor Day, providing a more relaxed framework for inking deals than the previously prescribed July 9 deadline. Bessent said in an interview on Fox Business that the United States has 18 “important trading partners” that it is seeking to make deals with. “If we can ink 10 or 12 of the important 18 … then I think we could have trade wrapped up by Labor Day,” Bessent said. The Trump administration so far has announced only a trade deal with the…

[ad_1] Crossing Minds, a startup that provides AI recommendation systems to e-commerce businesses, said on Thursday that its team is joining OpenAI. The startup was backed by Index Ventures, Shopify, Plug and Play, and Radical Ventures, and had raised more than $13.5 million across multiple rounds, according to Crunchbase. Crossing Minds largely worked with e-commerce companies to improve their personalization and recommendation systems. The company claims it studies customers’ on-site behavior data to gather insights on their shopping preferences without compromising privacy. “Joining OpenAI allows us to bring our work — and our values — into a mission we deeply…

[ad_1] Mark Cuban said he was “embarrassed” to find out some of his staff were having to use government benefit programs.”When I found out I had employees at our arena on public assistance, I immediately gave raises to every hourly employee and their managers,” Cuban said of staff working for the NBA’s Dallas Mavericks, adding that he was “embarrassed” to make this discovery.”It’s just wrong,” Cuban, who bought a majority stake in the Mavericks in 2000 and retains minority ownership, said in an X post.”The best way to reduce the cost of Medicaid is to name and shame big employers…

[ad_1] Nike is poised to see even more gains following its better-than-expected results for the fiscal fourth quarter, HSBC said on Friday. The firm upgraded the sneaker giant to buy from hold, marking its first buy rating on the stock in three and a half years. It also raised its price target on the name by $20 to $80, which implies about 28% upside from Thursday’s close. This comes as shares surged more than 9% in the premarket Friday after Nike beat analyst expectations on the top and bottom lines. While the company said that President Donald Trump’s tariffs are…

[ad_1] Alongside bolstering its AI research talent pool, Meta seems to be keen to flesh out its consumer-facing AI features. The company is in discussions to acquire a voice cloning startup called Play AI, Bloomberg reported, citing anonymous sources. The tech giant aims to buy the startup’s tech and bring on board some of its staff, the report said. Play AI lets anyone clone different kinds of voices that they can use for AI-powered use cases, such as customer service, per its website. The startup has raised $23.5 million in total, and its investors include 500 Startups, Kindred Ventures, Race…

[ad_1] CNN  —  Last week, Grok, the chatbot from Elon Musk’s xAI, replied to a user on X who asked a question about political violence. It said more political violence has come from the right than the left since 2016. Musk was not pleased. “Major fail, as this is objectively false. Grok is parroting legacy media,” Musk wrote, even though Grok cited data from government sources such as the Department of Homeland Security. Within three days, Musk promised to deliver a major Grok update that would “rewrite the entire corpus of human knowledge,” calling on X users to send in…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Xiaomi’s shares hit a record high after the Beijing-based smartphone maker said it received 200,000 pre-orders for its latest electric vehicle in three minutes, threatening the positions of BYD, Tesla and other carmakers competing in China’s cut-throat market.The Chinese group’s Hong Kong-listed shares rose 8 per cent after the market opened on Friday to an all-time high of HK$61.45 (US$7.83) before paring gains to close up 3.6 per cent.The jump came after Xiaomi, which started as a smartphone maker but has…