Author: arthursheikin@gmail.com

[ad_1] CNN  —  After years of bidding wars and climbing home prices, the balance of power in the housing market may finally be shifting. Home sellers now vastly outnumber buyers in the US, according to an analysis released Thursday from real estate company Redfin. The report found that there were nearly 500,000 more home sellers in the market than buyers as of April, the largest gap between the two groups since Redfin began compiling the data in 2013. The data is an early indication that the US housing market may be experiencing a slowdown — not because home prices nationally…

[ad_1] Good morning! A federal court ruled President Donald Trump doesn’t have the authority to impose some of his tariffs. The three-judge panel’s unanimous ruling declared the tariffs would be vacated, throwing a massive wrench into what has been a key piece of Trump’s second term. The federal government has filed a notice of appeal on the court’s decision.We’re also looking at Anthropic’s CEO stark warning about the tech’s impact on the labor market.What’s on deckMarkets: The internet has a new favorite meme trade.Tech: Nvidia shows no signs of slowing down amid tariff uncertainty.Business: Elon Musk says his time as…

[ad_1] Southwest Airlines could be positioned for more gains on the heels of the past year’s deal with activist investor Elliott Investment Management, Deutsche Bank says. Analyst Michael Linenberg upgraded the airline stock to buy from hold and increased his price target by 43% to $40 from $28. That implies nearly 22% upside from Wednesday’s close of $32.89. The upgrade comes after Elliott and Southwest Airlines struck a deal in October to keep chief executive Bob Jordan and add six directors to the airline’s board, staving off a proxy fight. Months before, Elliott had amassed an 11% stake in the…

[ad_1] In the construction industry, managers can easily become disconnected from what’s happening on-site. Among the many tasks to juggle are staying apprised of costs, communicating with all stakeholders, and assessing risk related to aspects like contractor billing and performance. Buildots wants to change all of that through AI and computer vision. Founded in 2018 by Roy Danon, Aviv Leibovici and Yakir Sudry, the Chicago startup offers a platform that tracks construction progress by processing images captured from 360-degree cameras mounted on managers’ hard hats. The system doesn’t just observe; it also forecasts. Teams can use a chatbot to ask…

[ad_1] Analysts liked what Nvidia had to say in its latest quarterly results . The artificial intelligence chip darling reported fiscal first-quarter earnings and revenue that beat analyst expectations. The company’s data center business led the charge, with sales soaring 73% year over year. Nvidia’s current quarter revenue guidance was also about in line with analyst estimates at $45 billion. That outlook would have been about $8 billion higher excluding lost sales from a recent restriction on exporting its H20 chips to China, the company added. Nvidia shares popped more than 6% in the premarket following the release. Other semiconductor…

[ad_1] LinkedIn cofounder and AI investor Reid Hoffman is sounding the alarm on a growing trend in the tech world: AI systems being marketed as your new best friend.”I don’t think any AI tool today is capable of being a friend,” Hoffman said in a Wednesday episode of the Possible podcast. “And I think if it’s pretending to be a friend, you’re actually harming the person in so doing.”His comments came amid Meta CEO Mark Zuckerberg’s push to embed AI companions across Facebook, Instagram, WhatsApp, and even Ray-Ban smart glasses.Last month, Zuckerberg told podcaster Dwarkesh Patel he sees AI chatbots…

[ad_1] Washington CNN  —  The US economy shrank slightly less in the beginning of the year than previously reported, new data shows, but it was still the first quarterly decline since 2022, in a sign of how President Donald Trump’s chaotic and aggressive tariff regime is affecting American consumers and businesses. Gross domestic product, which captures all the goods and services produced in the economy, registered an annualized rate of -0.2% in the first quarter, according to the Commerce Department’s second estimate released Thursday. An initial estimate showed that GDP fell 0.3%. Trump’s tariffs have prompted American companies and consumers…

[ad_1] French luxury giant LVMH said it had margins to increase the prices of its premium goods by 2 to 3% to offset President Donald Trump’s tariffs, but two products will likely not see any price hikes.LVMH finance chief, Cécile Cabanis, said in a hearing in the French parliament on Wednesday that increasing the price of cognac and lower-priced beauty products would be difficult, per Reuters’ translation. Cabanis said “the capacity to raise prices is not there” for these two products, per Reuters.Other products, like high jewelry, could withstand price increases. Per Reuters, LVMH’s deputy CEO, Stéphane Bianchi, said in…

[ad_1] This as-told-to essay is based on a conversation with David Markley, a 58-year-old former Amazon employee, based in Seattle. It’s been edited for length and clarity.During my seven years at Amazon, I conducted over 500 interviews and earned my title as a bar raiser, an objective, third-party interviewer tasked with finding applicants who would “raise the bar” at the company.I’d give one, or sometimes more than one, applicant an “inclined to hire” status, following a series of in-person interviews. This meant the person was a fit for the role and likely to be hired.If I were deciding between two…

[ad_1] Portless, a logistics startup that helps brands to offer quick shipping, has raised $18 million in a Series A funding round led by Commerce Ventures.FJ Labs, eGateway Capital, Red Swan Ventures, and Group Up Ventures also contributed to the round.Portless offers Western brands the chance to use a shipping and fulfillment model made popular by Shein.Shein grew to dominate the fast-fashion world by responding quickly to changing style trends and shipping packages on planes going directly to customers from warehouses in China. Products cross borders in a matter of days rather than months. For years, Shein did this using…