Author: arthursheikin@gmail.com
[ad_1] I watched over two hours of footage of Tesla’s highly anticipated robotaxi service: I saw an Uber-like app experience, the in-vehicle interface, human supervisors, and miles of Austin streets. While the rides were mostly without incident, I noted a few hiccups from the newly launched autonomous vehicle — and at least one really smart move.After years of delays, Tesla’s robotaxis were rolled out in Austin on June 22 to about a dozen invited users. The selected riders agreed to certain terms and are mostly Tesla influencers and shareholders.These early access riders have been livestreaming and posting about their experiences…
[ad_1] This as-told-to essay is based on a conversation with a Microsoft employee in their 20s who works in an AI-related role. They discussed how their work experience relates to a trend some have called the “Great Flattening,” which refers to corporate efforts at companies like Google, Walmart, and Microsoft that have led to a reduction in middle managers or an increase in the number of direct reports per manager. The employee is based in the US and has been granted anonymity to speak candidly about their experience. The following has been edited for length and clarity.When I started at…
[ad_1] Jennifer Knoll got the first email from Zillow shortly after 5 p.m. on a Wednesday in late May. The next day, she received another. By the time the weekend arrived, she had three warnings from the home-search giant sitting in her inbox.Knoll has been helping people buy and sell houses in the Washington, DC, area for roughly two decades, the last six of which she’s spent as an agent with the real estate brokerage Compass. But with the flurry of messages from Zillow, she found herself in unfamiliar territory: The most popular real estate website in the country was…
[ad_1] New York CNN — The S&P 500 is on the cusp of a record high. It’s been a remarkable change of events since the index was on the brink of a bear market just two months ago. The S&P 500 on Tuesday closed just 0.85% away from an all-time high. US stocks on Wednesday were set to open mixed. Dow futures were down 25 points. S&P 500 futures hovered around the flatline and Nasdaq 100 futures were up 0.15%. The S&P 500 soared 2.1% across the past two days as investors welcomed a ceasefire, albeit fragile, between Israel and…
[ad_1] New York CNN — Monster and CareerBuilder, once two of the most popular websites for job seekers at the height of the dot-com era, have filed for bankruptcy. The two sites, which merged last year to become one entity named Monster + CareerBuilder, voluntary filed for Chapter 11 Tuesday, announcing that the company is selling various parts of its businesses to several buyers as part of a court-supervised process, a press release said. Monster and CareerBuilder were some of the biggest companies in the late 1990s and early 2000s, with the former brand so popular that it often bought…
[ad_1] If you don’t like reading books about your career, you should choose another one, according to Ken Griffin.In an interview with S&P Global released on Tuesday, Citadel’s founder and CEO said that young graduates need to read about the domains they are in and change careers if they don’t find those books interesting.”Stay current in the body of knowledge that represents the career you’ve chosen,” Griffin said. “And by the way, if it’s not interesting to you, you picked the wrong career. It’s that simple.”Griffin, who founded Citadel in 1990 — a year after graduating from college — added…
[ad_1] This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. It appears that the ceasefire in the Middle East is holding, despite some huffing and puffing from Israel and Iran. Oil dropped 5 per cent on the news, and the S&P 500 rose 1 per cent, breaching a four-month high. We hope the optimism is justified. Email us: unhedged@ft.com.Deposit tokensLast week JPMorgan announced that it would soon issue a “deposit token” — an…
[ad_1] CNN — New York City is one of the most expensive cities in the world to live in, a fact that guided many New Yorkers’ votes in Tuesday’s mayoral primary election. Like his fellow candidates, Zohran Mamdani has put affordability at the forefront of his campaign. But his ideas, which include rent freezes for households living in rent-stabilized units, free buses and city-run subsidized grocery stores, have made him stand out. Mamdani, a 33-year-old three-term state assemblyman, is inching closer to seeing his vision come to fruition after he and fellow front-runner former Gov. Andrew Cuomo conceded the race…
[ad_1] As Iran started firing missiles at a US air base in Qatar on Monday, oil traders responded with striking speed — not by buying, but by selling. Within seven minutes of the first launch at about 5.30pm London time, Brent crude, the international benchmark, began to slide. It took only 20 minutes for the losses to accelerate to 3 per cent. By 7.30pm, the price had fallen 7.2 per cent to $71.48, the sharpest daily drop in nearly three years. The speed of the sell-off in a market that typically surges at any sign of geopolitical strife caught many by surprise.…
[ad_1] Stay informed with free updatesSimply sign up to the Financial services myFT Digest — delivered directly to your inbox.The UK’s largest wealth managers are preparing to sell private markets products to their retail customers, as investment groups battle to maintain their relevance with savers and the importance of public markets dwindles. Wealth managers such as RBC Wealth Management, Evelyn Partners and Quilter Cheviot told the Financial Times they would soon be able to offer greater access to private markets — ranging from private equity to private credit and infrastructure investments — to high net-worth clients with about £500,000 to…