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[ad_1] New York CNN  —  US stocks opened higher on Thursday and the benchmark S&P 500 was just a whisker away from hitting an all-time high. The Dow was higher by 200 points, or 0.48%. The broader S&P 500 gained 0.37% and the tech-heavy Nasdaq Composite rose 0.4%. Stocks pushed higher amid a flurry of economic data on Thursday morning, including data that showed a downward revision to how much the economy contracted in the first quarter. That revised data is “backward looking,” and markets were higher on Thursday because they have already priced in the turmoil from earlier this…

[ad_1] After a three-year IPO drought in digital health, Hinge Health and Omada Health finally nudged open the door to the IPO market. But don’t expect a flood of new healthcare IPOs this year.Investors and bankers told Business Insider that they don’t anticipate many other digital health startups to brave the public markets until at least 2026.Physical therapy company Hinge Health and chronic care provider Omada Health both went public in the first half of the year. Both companies’ shares surged on their IPO dates, signaling to the long line of private healthcare companies desperate for exits that public investors…

[ad_1] By almost any material standard, Amazon founder Jeff Bezos has it all — or at least everything money can buy. As the third-richest man in the world, he owns multimillion-dollar homes in Beverly Hills, Washington state, New York City, DC, and on Indian Creek Island in Florida; he sails the world in a $500 million superyacht, and can go to space on his very own rocket ship.So the A-list guests celebrating Bezos’ marriage to Lauren Sánchez may understandably be at a loss when it comes to what to buy the newlyweds. Surely they already have multiple KitchenAids and china…

[ad_1] Julia Landon is moving out of Jersey City this summer, and she’s enlisting her friends to schlep boxes. Instead of texting or calling them to beg for help, she’s inviting them on Partiful. The 27-year-old made three events on the popular event planning app: one for packing (“Pizza, Packing and Party — oh my!”), one for loading the truck (marked with a cartoon of a vintage U-Haul truck that reads “U help me haul” in the company’s logo), and a final going away party at a bar (“One Last Time,” which, because no Gen Z party is complete without…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shell said that it had “no intention” of making an offer for rival BP following months of speculation about a landmark tie-up between the UK’s two largest oil companies.In a statement on Thursday, Shell said it had not been in talks with BP about a takeover and did not intend to make an offer for the company. BP declined to comment.Under UK takeover rules the statement prevents Shell from making an approach for BP for at least six months except in…

[ad_1] Living in the Bay Area, Max Heninger is all too familiar with high housing costs.As is he with childcare costs, student loans, and saving for his two kids’ futures.”We are going to be paying off our student loans for at least another decade,” Heninger, who is facing just under $900 monthly payments between himself and his wife, told Business Insider. “So in a way, it’s like the reverse of saving. You’re paying for your past while you’re also trying to save for your future, your family’s future.”The 33-year-old works in affordable housing development and identifies as a HENRY, or…

[ad_1] Gone are flashy colors and logos — Louis Vuitton unveiled its new men’s line in all its neutral-toned, quiet luxury glory on Tuesday in Paris.The fashion house’s spring-summer 2026 collection comprised 60 looks: button-downs, tailored blazers, formal pants, and denim jackets. Most were in earth-toned brown, black, and terracotta colors, with pops of blue and yellow.The stage, created by the Indian architecture firm Studio Mumbai, resembled a magnified version of a “Snakes and Ladders” game board.Designed by Pharrell Williams, Louis Vuitton’s men’s creative director since 2023, the collection is a departure from the louder, more avant-garde spring-summer collections of…

[ad_1] China’s property crisis is in its fourth year, and the market is still far from a bottom, Goldman Sachs analysts wrote in a report on Wednesday.Home prices have fallen 20% over four years and could decline another 10% before bottoming out in 2027, they wrote.Goldman Sachs’ report was based on an analysis of housing bust episodes across 15 economies since 1960, which found that the median housing price correction is 30% over six years. Goldman Sachs defines housing busts as a decline of 20% from cyclical peaks.”Given the durability of housing stock and stickiness of house prices, it may…

[ad_1] In the fight for top AI talent, Meta just reportedly snagged a win, poaching three OpenAI researchers despite rival Sam Altman’s public mockery of Mark Zuckerberg’s lavish hiring tactics. The latest victory in Zuckerberg’s widely-reported recruiting blitz: Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai – who established OpenAI’s Zurich office – have joined Meta’s superintelligence team, the WSJ reports, suggesting Zuckerberg’s methods can deliver. As Altman, the CEO of OpenAI, first revealed in a recent podcast with his brother Jack, Zuckerberg has been dangling $100+ million compensation packages in an effort to lure top talent from OpenAI. The Journal…

[ad_1] New York CNN  —  A measure tucked in President Donald Trump’s sweeping domestic policy bill making its way through Congress would effectively block states from enforcing artificial intelligence-related regulations for the next decade, a rule that’s alarming some followers of the tech world. The proposed moratorium comes as AI extends into more areas of Americans’ lives — from health care and law enforcement to personal relationships and hiring. And despite Silicon Valley’s promises of super intelligence that solves the world’s problems, AI also poses major risks, such as putting humans out of work and spreading lies. There’s no overarching…