Author: arthursheikin@gmail.com

[ad_1] Last Friday’s jobs report was upbeat, but the numbers might not be telling the whole story, one economist warns.Samuel Tombs, Chief US economist at Pantheon Macroeconomics, sees a labor market struggling with softening hiring and an accelerating trend of downward revisions.In May, 139,000 jobs were added, beating the 125,000 consensus estimate, but that was overshadowed somewhat by sharp revisions to prior months’ data. March’s initial figure of 224,000 payrolls added has since been nearly slashed in half, down to 120,000.It’s likely that May’s figure is inflated, too, Tombs said.”We expect May’s number to be revised down to about 100,000…

[ad_1] Weakness in Tesla’s core automotive business could add to pressure on the electric vehicle stock, according to Wells Fargo. “TSLA fundamentals of the core auto business continue to weaken,” analyst Colin Langan wrote in a Monday note to clients. “May global deliveries are down 23% [year over year]. While ‘order’ pricing on the website appears stable over the [last 12 months], aggressive financing promotions continue to act as price cuts. Risk to Q2 margin remains given lower leverage.” The bank reiterated an underweight rating on Tesla stock, alongside a $120 per price target. Wells Fargo’s forecast implies Tesla shares…

[ad_1] French AI lab Mistral is getting into the reasoning AI model game. On Tuesday morning, Mistral announced Magistral, its first family of reasoning models. Like other reasoning models — e.g. OpenAI’s o3 and Google’s Gemini 2.5 Pro — Magistral works through problems step-by-step for improved consistency and reliability across topics such as math and physics. Magistral comes in two flavors: Magistral Small and Magistral Medium. Magistral Small is 24 billion parameters in size, and is available for download from the AI dev platform Hugging Face under a permissive Apache 2.0 license. (Parameters are the internal components of a model…

[ad_1] New York CNN  —  “The free press is under attack,” Bob Costas said at an awards ceremony Monday evening. “Democracy as we know it is under attack.” The famed sports broadcaster was at the Edison Ballroom podium in New York, accepting a lifetime achievement Mirror Award for his “distinct, consistent and unique contributions to the public’s understanding of the media.” What began as a speech reflecting upon a 50-year career in sports journalism quickly became a scorching sermon about the state of sports media and the threats to the free press coming from President Donald Trump. “What’s happening now…

[ad_1] Google’s AI Overviews and other AI-powered tools, including chatbots, are devastating traffic for news publishers, per a Wall Street Journal report.  Now that people can simply ask a chatbot for answers – sometimes generated from news content taken without a publisher’s knowledge – there’s no need to click on Google’s blue links. That means referrals to news sites are plummeting, cutting off the traffic publishers need to sustain quality journalism.  Google released AI Overviews, its search result summary tool, last year. Its rollout hit traffic to sites like vacation guides, health tips, and product reviews, per the Journal. AI…

[ad_1] Stay informed with free updatesSimply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox.Italian, Spanish and Greek sovereign bonds have mounted a “relentless” rally that has narrowed the gap with Germany’s benchmark borrowing costs to nearly the smallest in more than a decade.The countries that, along with Portugal and Ireland, were demeaned as “Piigs” in the Eurozone debt crisis, have emerged as the unlikely winners from this year’s bond market ructions. Fund managers said the turnaround from the 2010-2012 crisis, when the countries endured soaring borrowing costs, was due to stronger than expected growth…

[ad_1] The creator economy has bred a generation of startups — from influencer-marketing companies to new social-media experiences.These startups have captured the attention and wallets of influential venture capitalists and angel investors over the last several years, giving rise to several unicorn valuations in the space.Check out 11 VCs who are investing in innovative startups focused on the creator economy and influencersEven as the economy has weathered changing tides and investments have cooled across industries, some startups in this sector are still raising money.In 2024, three trends drove some of the largest deals in the creator economy: AI, social commerce,…

[ad_1] CNN  —  Popular AI chatbot ChatGPT is experiencing degraded performance after a partial outage on Tuesday, according to parent company OpenAI and the website Downdetector, which tracks outages of major web services. OpenAI said it began investigating issues at 2:36 am on Tuesday, and the problems began to spike around 5:30 am, according to Downdetector’s data. In addition to ChatGPT, the company’s video generator, Sora, and application programming interface for developers are affected. At its peak, Downdetector received nearly 2,000 error reports on Tuesday morning. The company is “seeing a recovery” on its developer tools and ChatGPT, but previously…

[ad_1] New York CNN  —  Whole Foods employees say a major cyberattack on a leading distributor has left some store shelves and freezers empty. “Our frozen cooler is empty, our bread hearth is bare and customers are increasingly upset,” one barista and bakery employee at a Whole Foods located in Arkansas told CNN. The employee, who requested anonymity because she was not authorized to speak to the media, complained there is a “complete lack of transparency” about the disruption and that “nearly every department has been heavily impacted.” United Natural Foods, the primary food distributor to Whole Foods, disclosed the…

[ad_1] Good morning! How does your day compare to a high-profile CEO? Take a look for yourself, as Lyft CEO David Risher detailed his daily routine for BI. It’s part of a bigger Power Hours series we are running on how powerful business leaders structure their work day.In today’s big story, we’re breaking down Apple’s big new redesign.What’s on deckMarkets: As Wall Street toughens up on RTO, one bank doubles down on WFH.Tech: Meta may want to win over Gen Z, but the people driving its ad business skew older.Business: BI’s Peter Kafka on what Warner Bros. Discovery’s proposed split…