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[ad_1] Your parents’ basement might be looking pretty good these days.In 2023, around 40% of younger Americans lived with their parents. Living with mom and dad is a popular safety net for Gen Zers who face steep housing costs, expensive higher education, and a shaky job market.”If you have the luxury of being able to move back home and pay less for rent, groceries, and other basic bills and put some money away in an emergency fund or towards other big financial goals, it can be a really big deal,” Matt Schulz, chief consumer finance analyst at LendingTree, told Business Insider.BI…

[ad_1] Labubu’s parent company, Pop Mart, saw its stock price slide after China issued a warning on the addictive nature of blind boxes.Pop Mart’s stock dropped by more than 5% on Friday and by about 14% in the past five days.The slump comes after People’s Daily, a publication run by the Chinese Communist Party, published an article on Thursday warning about the blind box sales strategy, saying its addictive nature can hook children.While the article did not mention Pop Mart specifically, it discussed products like blind trading cards and mystery boxes. China has, since 2023, banned the sale of blind…

[ad_1] David Blitzer’s interest in sports investing began after he became, in his own words, a “failed athlete.””I thought I was good when I was, you know, like a teenager. Then I realized by high school that I was adequate at best and certainly was not playing past high school,” he said in a Thursday episode of the Bloomberg podcast “The Deal.”The billionaire, who is a chairman at Blackstone’s cross-asset investment group, made a name for himself as a pioneer in sports investing — a now-hot segment of the media and entertainment dealmaking world.On the podcast, Blitzer sat down with…

[ad_1] London CNN  —  Many smartphones users have grown weary of news alerts – the notifications regularly popping up on their screens to inform them of breaking news or other world events – according to a new analysis. A global survey by the Reuters Institute for the Study of Journalism shows that 79% of respondents do not receive any news alerts during a typical week – and that 43% of those report having actively disabled such notifications. Those active disablers switch off alerts “either because they feel they get too many or because they are not useful,” according to the…

[ad_1] CNN  —  Pope Leo XIV says tech companies developing artificial intelligence should abide by an “ethical criterion” that respects human dignity. AI must take “into account the well-being of the human person not only materially, but also intellectually and spiritually,” the pope said in a message sent Friday to a gathering on AI attended by Vatican officials and Silicon Valley executives. “No generation has ever had such quick access to the amount of information now available through AI,” he said. But “access to data — however extensive — must not be confused with intelligence.” He also expressed concern about…

[ad_1] CNN  —  Predictions from mainstream economists were dire after President Donald Trump launched his tariff campaign just a couple weeks after he began his second term in office: Prices would rise — sharply — they said, reigniting an inflation crisis that tens of millions of Americans had elected him to solve. But that massive, tariff-induced inflation spike hasn’t materialized. Not even close. Not yet, anyway. Consumer prices rose just 2.4%, annually, last month, according to the Bureau of Labor Statistics. That was less than economists had expected, and only slightly higher than the 2.3% rate in April, which was…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.France has lobbied fellow EU countries to pledge additional measures aimed at raising the euro’s profile as a global reserve currency, as part of Paris’ long-standing campaign for more joint borrowing. A draft EU statement circulated ahead of a leaders’ summit later this month, seen by the Financial Times, asks the bloc’s institutions including the European Central Bank “to explore actions to reinforce the international role of the euro”. The push was prompted by US President Donald Trump’s erratic trade and…

[ad_1] Israel’s attacks on Iran threaten to cut China off from critical oil trading partners, highlighting its need for greater energy independence and disrupting Beijing’s hopes for a bigger role in the region. For years, China has used its relationship with Iran to expand its influence in the Middle East, while making cheap Iranian crude, and Gulf supplies more broadly, a bedrock of the energy mix for the world’s biggest buyer of oil.Chinese President Xi Jinping said this week that all parties to the conflict between Israel and Iran should work “as soon as possible to prevent further escalation of tensions”.…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The new chair of the US securities watchdog is signalling an about-face in the agency’s approach to regulation, throwing out more than a dozen rules proposed by his predecessor in his first major policy move. The decision comes as the Trump administration has embraced a laissez-faire stance on securities and investing, reversing the aggressive style of Gary Gensler, the Biden administration’s top cop on Wall Street.  Paul Atkins, chair of the Securities and Exchange Commission, withdrew 14 rules last week that…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a partner at Thoma Bravo and head of the firm’s European operations.Many global software investors are still treating Europe as an afterthought to their core strategies. I believe this represents a significant misallocation of investment attention.The numbers reveal a growing ecosystem that has been hiding in plain sight: in 2024 alone, software spending in Europe grew 11 per cent, according to Gartner research. The firm expects this to slow to just under 9 per cent this year but…