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News
Amazon workers on food stamps have tripled despite its record revenue???and it???s just the latest evidence of the new economy of shrinking labor shares
2+ hour, 7+ min ago (600+ words) The U.S. workforce has just made the type of history it likely wishes it didn’t. Working Americans are taking home the smallest percentage of economic output, 52.8%, since the Bureau of Labor Statistics began tracking the metric in 1947. But as the share…...
CEO of an automation platform explains how he wrote a 168-page book with AI: 'It was like a Socratic dialogue"
2+ day, 23+ hour ago (276+ words) Inside Walmart’s China strategy Apple unveils its first foldable iPhone New Apple CEO John Ternus unveiled the company’s new iPhone Duo, a book-style foldable with a $1,999 starting price, that will go on sale starting Oct. 23. Check out 21 pictures of the…...
Wealthy parents are buying their kids $75,000 AI schooling with guardrails as schools grapple with a literacy crisis
3+ day, 2+ hour ago (335+ words) Rich families have tried to personalize their children’s education since the days of ancient Greece, when Alexander the Great’s father hired Aristotle as a tutor for his son. The AI age is ushering in a new iteration of this behavior…...
Microsoft's move in the AI school debate: controls over how student data gets used
3+ day, 13+ hour ago (433+ words) A week after New York City announced a one-year moratorium on AI in public schools, Microsoft announced it’ll be giving every school district in the country the option to dictate its own AI privacy and safety rules within its contracts…...
American parents join their kids in hating school, with Gallup polling falling to record low
4+ day, 21+ hour ago (531+ words) Americans’ satisfaction with the quality of K-12 education in the country has hit a low point, driven by a growing political divide and concerns that schools are not preparing children for college and future jobs. At the same time, dissatisfaction…...
Nextdoor CEO: After helping to pioneer online reviews, I'm trying to fix them
1+ week, 2+ day ago (504+ words) In a world of infinite information, trust is the scarcest resource. In 1999, I co-founded Epinions, one of the first user-generated review sites, and helped pioneer the reviews economy. The premise was that anyone could review anything, and the collective judgment…...
CEOs are reading fewer books because of AI???and it's starting to worry them
1+ week, 2+ day ago (462+ words) I’ve been asking people how AI is shaping what they consume and create. At a party for David Booth’s terrific book Stay Calm earlier this week, a prominent academic told me he’s now using AI up to 10 hours every day,…...
Temu’s Fake AI Influencer Problem Exposed
1+ week, 3+ day ago (234+ words) Barnes & Noble was once seen as another casualty of Amazon. Today, it’s expanded to over 700 stores nationwide. In this episode, Fortune’s Phil Wahba explores CEO James Daunt’s plan to save America’s biggest book chain by making it cool again. Hosted…...
Mamdani to New York City kids: No AI until high school
1+ week, 3+ day ago (748+ words) He might be the second-youngest mayor in New York City history, but 34-year-old Mayor Zohran Mamdani didn’t have AI in school, and he wants to make sure city kids don’t either. The digital-native politician, who said he doesn’t use AI…...
Galderma's $650 million bet on U.S. manufacturing captures Europe's new investment playbook
1+ week, 3+ day ago (580+ words) Good morning. The English are coming. So are the Dutch, Germans, Danish, Swiss and other Europeans driving growth in foreign direct investment in the U.S. right now. FDI rose by $266 billion to $5.86 trillion at the end of 2025, with Europe accounting for…...