Author: arthursheikin@gmail.com

[ad_1] Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.Three decades ago I became fascinated by the concept of “social silence” — or the idea advanced by intellectuals such as Pierre Bourdieu that what we do not talk about is more important than what we do. Right now this silence hangs heavily over the markets. This week there has been a cacophony of terrifying noise around geopolitical events — epitomised by President Donald Trump’s warning that America “may or may not” join Israel’s attacks on Iran. And gloomy economic data keeps…

[ad_1] The founders of hedge fund giant Coatue Management have called on large private companies to step out of the shadows and go public.Speaking to the “BG2 Pod” podcast that aired on Friday, Thomas and Philippe Laffont said that large companies should be more transparent.”I happen to believe that all these companies should go public,” said Thomas Laffont.He framed the issue as partly ideological, saying there’s a “democratic element” to going public as “wealth creation belongs to the public market.”His comments counterpoint a dominant trend in recent years: Companies, fueled by billions in private equity, venture capital, and private credit,…

[ad_1] It’s not too late to bid on Pope Leo XIV’s childhood home, where the drama surrounding its sale is heating up.Paramount Realty USA, an agency participating in the sale of the Illinois home, extended the deadline from June 18 to July 17. A spokesperson said the extension would give potential bidders enough time to review the information, tour the property, and make submissions. The reserve price, meaning the lowest price the seller will accept, is $250,000.While the three-bedroom, three-bathroom home in Dolton appears somewhat ordinary, it gained national attention in May after Pope Leo XIV became the leader of…

[ad_1] Washington CNN  —  Christopher Waller, who serves on the Federal Reserve’s Board of Governors, said Friday the central bank should deliver interest rate cuts as soon as July, echoing President Donald Trump’s demands for lower borrowing costs. In an interview with CNBC, Waller said the effects of Trump’s hefty tariffs on goods imported into the US will likely be limited and that central bankers should “look through these type of price shocks” because they’ll likely only result in a “one-off” increase in inflation. “We’re in a good spot right now for talking about bringing the rate down,” Waller said.…

[ad_1] CNN  —  Cybercriminals have breached insurance giant Aflac, potentially stealing Social Security numbers, insurance claims and health information, the company said Friday, the latest in a spree of hacks against the insurance industry. With billions of dollars in annual revenue and tens of millions of customers, Aflac is the biggest victim yet in the ongoing digital assault on US insurance companies that has the industry on edge and the FBI and private cyber experts scrambling to contain the fallout. Erie Insurance and Philadelphia Insurance Companies have also reported hacks this month, which in those cases have caused widespread disruptions…

[ad_1] This as-told-to essay is based on a conversation with Charlie Hills, a 27-year-old marketing and AI professional whose company helps brands grow LinkedIn followers, based in London. It’s been edited for length and clarity.When I started posting content about the latest AI news on LinkedIn in January 2024, I posted six times a week, gave out every bit of knowledge I had, and hardly got any likes.Then, I altered my approach, and everything changed.In a year and a half, I grew to 132,000 followers and even quit my corporate marketing job to go all in on an agency I…

[ad_1] Amazon’s cloud business is planning a major revamp of its AI application strategy, with a new bundled service, Business Insider has learned.Internally called Q Business Suite (QBS), the new service is described as a “unified workspace” that combines business intelligence and generative AI capabilities from existing Amazon tools such as QuickSight, Q Business, and Q Apps, according to internal documents obtained by BI.QuickSight is Amazon Web Services’s data visualization software, and Q Business is the company’s flagship AI chatbot service. Q Apps lets users create generative AI-powered apps, using natural language and company data.Amazon even considered the option to…

[ad_1] Companies are back in control, at least for now.Workers, in general, have lost their power after being spoiled during the Great Resignation. Career growth opportunities, flexible work-from-home benefits, and wage growth have cooled.It’s getting harder to negotiate a new job and move up the career ladder at your current gig. Exclusive data from Gusto, a payroll and benefits platform for small and medium-sized businesses, showed that the rate of workers receiving a promotion, meaning a title bump and a raise of at least 5%, peaked at 14.5% around mid-2022 and has now fallen to just over 10%.Economic uncertainty is likely a reason. Aaron Terrazas, an…

[ad_1] CNN  —  Pavel Durov, the founder and CEO of instant messaging app Telegram, plans to leave his fortune to the more than 100 children he has fathered. The Russian-born tech tycoon has revealed that his estate will be split between his six children from relationships and the scores of others whom he fathered through sperm donation. In a wide-ranging interview published Thursday in French political magazine Le Point, 40-year-old Durov revealed that he does not differentiate between his legal children with three different women and those conceived with the sperm he donated. “They are all my children and will…

[ad_1] New York CNN  —  The eagerly anticipated collaboration between Kim Kardashian and Nike has delayed its launch. NikeSkims, which was announced in February for a spring release, is pushing back its launch date because of production delays, according to a source familiar with the situation. A new date hasn’t been revealed. The collection is an extension of Kardashian’s popular shapewear line and aimed at disrupting the “global fitness and activewear industry with best-in-class innovation in service of all women athletes,” according to a previous press release. Few details about NikeSkims have been made available, including pricing and images. The…