Micron’s stock extends declines as China competition heats up
Even Elon Musk says Chinese memory chip makers are catching up.
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Paramount takes over Netflix’s Bay Theater in Pacific Palisades, plans reopening
Paramount Pictures is taking over the Bay Theater at Caruso's Palisades Village, closed since the January 2025 fire, and plans to reopen it as a dine-in cinema.
Fund managers retain surprising optimism in the face of stagnant stock market and tumultuous bond market
Many asset allocators are waiting for bond yields to hit 6% before they flip the switch from equities to fixed income, but a significant portion are already making the transition.
Six Flags’ stock slumps near 52-week lows after fatal incident
A fatal accident on a Six Flags Entertainment roller coaster sent shares of the amusement-park operator near the lowest level of the year.
U.S. wealth has shifted to stocks from homes. There are big reasons to worry
The four-year bull market in stocks is riding high because of the AI boom. But it’s also increasing the cost of money.
A SpaceX launch shortage is fueling a $100 billion investing spree
A commercial launch bottleneck has spurred an unprecedented wave of investment in space infrastructure and applications
Old Madsen’s Almanack
Some of 2027 is already on the calendar. The rest can be read from trends that are unlikely to reverse. Here are the predictions you might bet on, roughly in order of confidence. The French presidential election in April and May is the big one. Macron cannot stand. The National Rally, led by Bardel
Options traders expect wild stock-market swings beginning later this month. Here are 4 things to watch
After an eventful summer, U.S. stocks appear to have hit a pocket of calm. Over the past few sessions, trading volume has dwindled, while major indexes have mostly drifted sideways.
Why the world’s number-one fund manager has just changed its mind on bonds for the first time in six years
After six years, BlackRock finds opportunities in government bonds.
UnitedHealth keeps medical costs under control — and raises its outlook again
The health-insurance giant said its medical-cost ratio was 88.4% in the third quarter of this year as the company tries to rein in spending on medical care.
Hiltzik: Of course the government should regulate AI, but not the way the AI industry prefers
The big AI firms have proposed a system of government regulation that is tantamount to self-regulation. That would be a big mistake
In charts: How one of the world’s biggest economies got trapped by debt
France opens debate on its 2027 budget as high deficits, rising debt and student protests intensify pressure on lawmakers.
What to expect from Europe’s most valuable company before it kicks off tech earnings
ASML will report its third-quarter financial earnings before the opening bell in Amsterdam, Netherlands on Wednesday.
My wife says we can’t afford to retire. We have $4 million. Do I just keep working?
“She wanted to take an $8,000 trip to Italy for our 30th anniversary, and I said no.”
‘Breaking Bad’ star Aaron Paul sells L.A. home for $7.5 million; he now lives in Paris
“Breaking Bad” star Aaron Paul has finally found a buyer for his historic Los Angeles home, selling the storied property for $7.495 million more than a year after putting it on the market.
The Korean stock market’s in freefall, and these are the reasons why
The Korean market rises on falls on expectations for profitability of the semiconductor industry and how long it can be sustained. Sentiment is cyclical and right now, the skepticism is rising
Newlywed Jim Carrey lists $35 million Maui waterfront mansion
Jim Carrey is bidding farewell to his sprawling Hawaii waterfront retreat, listing the tropical property for $35 million just days after tying the knot with his longtime partner, Min Ah.
This one chart from the IMF tells the entire story of the world economy this year
A single chart, complicated though it may be, tells the story of the world economy this year.
Was Broadcom CEO bullish or bearish on AI? ‘Gamblers’ comment creates storm
The comments made by Broadcom’s CEO at a conference in Singapore have been cited as a reason for microchip stocks’ slumps on both Monday and Tuesday.
Cyber attack hits hundreds of French supermarkets, heating fridges to 122°F and sparking fires
Hackers targeted hundreds of French supermarkets in a large-scale cyberattack, causing refrigerators to overheat, spoiling food, and sparking fires.
Green capitalism isn’t even a thing
Apparently it’s capitalism that destroys the natural world. Well, according to a new book it is. Yet the example given is nothing, at all, to do with capitalism. Nor socialism, communism, communalism nor any other possible method of organising who owns what in an economy . The task of achieving a
IMF warns bond yields could see a ‘disorderly’ spike as debt, inflation risks worsen
The IMF says risks in the government bond market have worsened and that yields could jump sharply and disorderly.
3 Steps to See a Payroll Shortfall Coming While You Can Still Fix It
Payroll doesn't wait for your customers to pay — here's how to see the gap coming before it becomes a crisis.
George on Monday: Riyadh Airport Hit Again, Trump’s Ukraine Ceasefire Claim Falters, U.S. Disables Ship Leaving Iran, Simon Pounds Mexico, Panama Reports 200 Aftershocks, Nikon Wildlife Photo Contest
@THE LEDE Good morning! Today is Monday, the twelfth of October, 2026 and this is the Monday Edition of GEORGE. The new week opens with a claim of peace already overtaken by attacks upon airports, energy infrastructure, ships, cities, and the institutions expected to restrain them. GEORGE begins the week with another deadly attack upon the airport in Riyadh and damage at the airport in Dammam, while U.S. President Donald Trump announces
Global economy to slow less than expected in 2026 as AI boom offsets war hit: IMF
The IMF raised its 2026 global growth forecast to 3.1%, warning that resilience is tested by energy constraints and looming fiscal risks.
The global economy is starting to look K-shaped. Here are the winners and losers, and where the U.S. fits
IMF sees a split global economy, with countries less exposed to the oil shock and benefiting from AI demand pulling ahead
The SpaceX threat could loom over AT&T’s stock for a prolonged stretch, analyst cautions
Bernstein analyst Laurent Yoon no longer recommends any of the major telecommunications stocks as he warns of more volatility ahead.
A Bad Performance Review Isn’t Always About Your Performance. Here’s How to Recover
Your review may reflect your internal PR skills more than your work. This is how to respond, diagnose your company and rebuild trust.
Warner Bros. could face loss of at least $150 million on ‘Digger’ after tepid box office
Tom Cruise's "Digger" fell 60% in its second weekend to $3.2 million, leaving Warner Bros. facing a loss that could top $150 million.
Investors worry the bull market is getting old. But history shows it can continue to age gracefully
Contrary to a widespread current worry among some on Wall Street, bull markets do not die of old age,
Brazilian stocks are breaking out as investors look for opportunities beyond tech
Brazil’s presidential election is powering optimism in the country’s stock market — and capturing the attention of investors wary of having too much exposure to the U.S. stock market.
Port of Los Angeles sets record for busiest month ever
The Port of Los Angeles announced it moved more cargo in September than in any other single month in its history.
Nvidia and AMD shares fall as new AI announcements fail to re-energize investors
The chip makers introduced hardware and software designs for future AI data centers, but the revenue potential is still far out, an analyst says.
The Side Hustle a Mom Started in Her NYC Apartment Hit $50K in 3 Days, Then Surpassed $1.7M in Sales: ‘A Power Move’
Alexandra Rutkay, a makeup artist on film and television sets, has a parent-friendly side hustle.
Why Ciena, Lumentum and other optical stocks were among the market’s biggest losers on Monday
The sharp moves could partly be a reaction to recent cautious commentary on AI spending.
Meta is back on the AI leaderboard with its new family of Wonder models
The company’s stock was up more than 3% following the release of Muse Wonder and Muse Wonder Full, which analysts expect to drive new business opportunities.
Trump’s ‘energy ceasefire’ collides with real-world problems of dwindling fuel supplies
Oil markets were struggling on Monday to gauge how President Donald Trump’s new declaration of an “energy ceasefire” between Russia and Ukraine might help mitigate a deepening global oil crisis as the Middle East conflict drags on.
The Startup Hiring Mistake That Looks Like a Win
A senior marketing hire can look like proof you’ve made it, when it’s really proof you’ve moved faster than your company can support.
This Income Bracket Is More Likely to Trust Influencers — And Want Their Jobs
A September survey of about 2,000 U.S. adults found that this subset was more likely to trust influencers and buy from them.
Why Your Digital Strategy Keeps Falling Short — and What the C-Suite Needs to Do About It
Here's why true digital growth requires a top-down mindset shift to bridge the gap between online leads and real revenue.
Meta’s Muse Wants to Own the Moment Before the Purchase
Most brands still plan media around a familiar sequence: earn attention, create interest, drive the click and optimize the conversion. Meta’s Muse suggests that sequence is about to get compressed.
The New Non-Negotiable for Small Businesses? Knowing Your Cyber Risk. Here’s Where to Begin
This Cybersecurity Awareness Month, SMEs must protect their business to propel their dreams.
Colleges Are Admitting Students Who Never Applied. Here’s What That Doesn’t Fix
Direct admission can simplify applications and expand access without sacrificing holistic review, as long as clear eligibility criteria are balanced with individualized evaluation.
These stocks could be the future winners — and losers — of a massive shift in IT spending
As more money flows toward AI software offerings, Salesforce could deepen its customer relationships while Adobe looks vulnerable, analysts say.
Buy these stocks as plays on Google’s big spending, analyst says
Google Cloud is growing fast, but several chip makers and networking providers could be better ways to capitalize on that trend, according to Melius Research.
Here’s how much extra money could be in your monthly Social Security check next year
Social Security’s cost-of-living adjustment will boost retirees’ monthly budgets. But will it be enough?
Hilton’s AI Trip Planner Wants To Book Your Travel. Customers Aren’t So Sure Yet
The hotel is using AI to keep bookings in-house, but most travelers still don’t trust a chatbot to plan their vacation.
This Company Warns Applicants About Its ‘Controversial’ Jobs. 800,000 People Still Applied
The tech company owns both Vimeo and AOL.
Claude Submitted a Fake Homicide Tip to Police, Raising New AI Safety Concerns
The chatbot gave a fake homicide tip to police and filed unauthorized visa applications.
Elon Musk Admits He Has ‘No Idea How to Make Microchips.’ He’s Building a $15 Billion Chip Factory Anyway
Musk is betting that his experience building cars and rockets will help him take on the world's top chipmakers. How hard could it be?
Starbucks says it is not buying Chipotle after takeover speculation
"Starbucks is not buying Chipotle," a Starbucks spokesperson told CNBC.
Mired in their worst losing streak in years, small caps could be the best way for investors to play crucial CPI data
Stuart Kaiser, of Citigroup, recommends buying iShares Russell 2000 exchange-traded fund call options before the consumer-price index for September is released on Wednesday.
Trump, the modern mercantilist
The case that Trump is a latterday mercantilist is surprisingly strong. Mercantilism was never a tidy theory. It was a set of habits that involves treating trade as a contest, counting the surplus as the score, and letting the state steer commerce toward national power. On each count, Trump's record fits.
Fed officials want to hold off a rate hike this month. Will this week’s inflation data let them?
A troubling rise in prices might trigger an interest-rate move at the Fed’s meeting in late October.
India’s retail inflation jumps to 5.54% in September, above estimates
India inflations jumps for the 11-straight month, raising prospects of a further interest rate hike
Nobel prize in economics awarded to Robert E. Hall and Michael Woodford
The U.S. economists were awarded for work that underpins the models used by central banks and governments to stabilize the economy.
‘The prospectus looks impressive’: My financial adviser wants me to invest $350,000 in a UAE data center. Is this risky?
“I’m in my 60s, recently retired and living my best life.”
The bond market is doing the Fed’s job, and that could be good news for stocks, says Morgan Stanley strategist
A stronger dollar, higher bond market yields and elevated gas prices are already tightening financial conditions in the U.S. to the point that Kevin Warsh may not even need to hike rates.
My sister moved in with our widowed mother, 78, and says she deserves the family home. Is she right?
“The house is worth $925,000 and mom owns it outright. She also has $480,000 in investments.”
Here’s why Goldman Sachs just flipped bullish on stocks for the rest of the year
Goldman Sachs is leaning more heavily into stocks for the remainder of the year. That’s down to earnings and a market that has overall gotten cheaper.
Legal battle continues as Dolly Parton’s estate claims nephew put up barbed wire to avoid summons
Dolly Parton’s estate has claimed that the late country music icon’s nephew, Bryan Seaver, went to extraordinary lengths to evade being served with a summons.
Dr. Phil lists his lavish Beverly Hills estate for a whopping $67.5 million
TV host Dr. Phil McGraw and his wife, Robin McGraw, are hoping to score an impressive return on their investment, asking more than double what they originally paid in 2016.
World Bank jobs council urges ‘crisis-era’ support measures as IMF warns of AI ‘tsunami’ hit
IMF Chief Kristalina Georgieva warned AI is hitting the global labor market like a “slow-moving tsunami,” with young workers entering the job market the most exposed.
Government by lazy, ignorant, drunks works then
This works for us: The biggest empire the world has ever seen was run by a small elite who partied all night, drank liters of port, and stayed in bed until the afternoon. Tho’ we’d prefer the English of litres of port but there we are. More than that, none of these people had ever had any technical training in anything and were rigidly educated in the classics and not much else. Perhaps some amount of the more recent poetry might be acknowledged but no more than that some. This is where we think the error creeps into this analysis:
George on the Weekend: At Least 4 Dead as Isaias Makes Landfall; Riyadh Airport Attack Kills 12, Injures 300; Pennsylvania Mass Shooting Leaves 9 Dead; In Kansas Senate Campaign, l’affaire Cookiegate
@THE LEDE Good morning! Today is Sunday, the eleventh of October, 2026 and this is the Weekend Edition of GEORGE. The week closes with institutions of law, government, and technology struggling to keep pace with the forces they helped unleash. GEORGE celebrates the weekend by bringing consequential stories into focus, including developments readers may have missed in the course of a busy week. At press time, U.S. President Donald Trump said Saturday that the
Building Features Nobody Uses Is an Expensive Mistake. Put These 5 Principles in Place to Avoid It
Most product teams struggle because the structure around ideas and team talent isn't optimized for impact. Here's how to get it right.
Millions of Americans will have fewer options during Medicare open enrollment this year
There will be no Medicare Advantage plans in 181 counties in 2027, up from 67 in 2026.
We’re about to get a huge read on whether earnings can keep propping up the stock market
High hopes for third-quarter earnings are outweighing concerns around interest rates and oil prices — but one expert warns markets have gotten “extremely complacent.”
The bull market is turning 4 years old — but yields could crash the party
For four years, tech has been the answer to almost every question about this bull market.
Bank earnings to shed the first light on how higher yields are affecting the economy
The big banks kick off earnings season on Tuesday, to provide a first read on the health of the economy in a rising-yield environment.
Once again, business rates are a tax upon landlords
We gawp with amazement at the argument here: John Lewis has warned the Chancellor that a tax raid on retailers in the Budget would trigger a wave of catastrophic closures on the high street. Jason Tarry, the chairman of John Lewis and Waitrose, said a tax raid on department stores and supermarkets by John Healey would “only harm our high streets” and threaten to prompt closures.
AI may change the price of your Big Mac and groceries — what this means for shoppers
As retailers turn to AI tools to streamline operations, experts warn that collecting more detailed consumer data increases the risk of personalized pricing.
Winter is coming and energy bills are climbing. ‘Everything just keeps going up.’
Expensive utility bills have become an increasingly sharp thorn for Americans’ wallets, but warmer weather this winter and energy assistance programs can help.
Why Nvidia’s stock is dodging the AI credit scare that is crushing Broadcom and Oracle
The P/E ratios have contracted and the CDS spreads have widened in all three cases, but Nvidia appears unscathed
From BJ’s to Lululemon, retailers are trimming assortments to boost business
Retail brands are shrinking assortments to get back to healthy growth, while box stores are culling products to better curate offerings and stabilize business.
‘What you don’t know is greater than anything you do know’: How Ray Dalio would build a portfolio to withstand a popping AI bubble
Look for inflation protection and unappreciated players in artificial intelligence, says the famed hedge-fund founder.
Why Japan’s 7-Eleven store closures in India don’t signal an exit
7-Eleven store closures point to a reset of its operations in India, not to an exit.
S&P 500 at 10,000 or bust: New ETF offers investors all-or-nothing bet on the index
Wall Street has continued to blur the lines between investing and gambling with one recently launched exchange-traded fund.
A lovely example of the costs of bureaucracy
Of course this isn’t what Phineas thinks he is telling us but it is true all the same: The new strategy could be especially useful in helping support more ambitious housebuilding on tricky small sites. In London a “small site” is defined as a piece of land that is under 2,500 sq metres, about the size of nine tennis courts. These plots are too modest for major developers to take an interest in, so often just sit empty. However, the potential to better use vacant small sites is enormous.
You’ve Been Overlooking Your Best Idea People. AI Is About to Fix That
For a century, work rewarded people who could package ideas neatly. AI makes packaging free, and that changes who gets ahead.
Retiring at 36 Didn’t Make Me Happy. Here’s What Did
An eight-figure exit gave me endless free time and an identity crisis. Here is how to schedule joy, buy back your hours and choose where they go.
5 Things to Ask Your Credit Card Processor Before Signing a Contract
Your credit card processor hopes you never ask these five questions, from a former executive for the world's largest credit card processor.
She Grew Up on Food Stamps and Started a Hedge Fund at MIT. Now Her 8-Figure Startup Counts Nvidia and OpenAI as Clients
Christina Qi recently raised $97 million in Series B financing for her data-driven startup.
Trump taps Russia to boost global diesel supplies ahead of midterms. It may be ‘too little, too late,’ says strategist
The Trump administration has enlisted Russia to help boost U.S. and global diesel supplies in an effort to lower prices for the fuel ahead of the U.S. midterm elections in November.
Netflix plans substantial layoffs, sources say
Netflix plans to lay off employees, according to sources familiar with the streaming company's plans. The cuts come after investors have expressed concerns over user engagement. The stock has declined 43% compared to a year ago.
Here’s how Treasury yields could rise to 6% — even without market upheaval
The bond market will be closed on Monday for Columbus Day, but the stock market will operate normally.
I’ve Mentored People for 20 Years. I Use These 4 Steps to Help Them Advance
Use this four-step framework to turn mentoring into a two-way exchange that sharpens your leadership skills while you help someone else grow.
When Growth Stalls, I Don’t Spend More on Marketing. I Reset the Business
A plateau usually means your business has outgrown its operating model, and this four-week reset helps you find and fix the weak spots before you invest in growth again.
Mattel’s latest play to counter slowing Barbie sales: Water parks
Mattel is betting on an indoor water park with Barbie slides and Hot Wheels towers as tariffs squeeze toy profits.
Country music star Zach Bryan buys $18 million, 40-acre Tennessee estate after getting married
Country star Zach Bryan has reportedly forked over $18.25 million for a sprawling estate in Franklin, Tenn.—months after tying the knot with Samantha Leonard.
Why Leaders Blame Culture Instead of Their Own Behavior
A performance problem you're calling "culture" is usually a decision you haven't named yet.
Microsoft is nearing a big milestone that solidifies its revival
Microsoft is close to reclaiming a $4 trillion market cap — and fresh records are also in sight.
Why you need to take a closer look at your favorite stock index
Also in Weekend Reads: A positive case for the bond market, how prediction markets can pull you in, and a warning to those who benefit from GLP-1s.
Jeff Bezos Has a Vision for the Future — And It’s the Exact Opposite of What Other AI Leaders Predict
While some leaders warn of mass unemployment, Bezos predicts productivity gains could let people work less without sacrificing their ability to support a family.
Trump ramps up battle to fire Fed’s Lisa Cook. Her lawyers say there’s no basis to remove her
Trump wants the committee to report on whether there are grounds for Cook’s removal from office. She hasn’t been charged with a crime.
AI chip stocks wobble even as investors get clarity on a key OpenAI issue
A new report paints OpenAI’s financial picture in a more optimistic light.
I’m a Dad Who Grew My Company From $0 to $20 Million in Year 1. Now the Product’s Keeping Millions of Babies Safe
Kurt Workman started a business to give parents peace of mind.
The Leadership Skill That Takes Breakthrough Technology Further
Great innovation doesn't happen in isolation. The right partnerships can take breakthrough technology further and help shape what comes next for an entire industry.
More evidence that broad-market index funds remain unbeatable, even in the era of AI stock-picking
Even with the rising use of AI, picking market-beating stocks has not become any easier this year, a new report finds.
Elon Musk is now richer than any American ever — and it’s not even close
Musk’s trillioniare status means he’s wealthier than his next three contemporaries combined — and also worth more than historical tycoons like John D. Rockefeller.
Flu season is already here. Here’s what to know about this year’s flu shots
This year’s flu season has arrived about seven weeks earlier than in 2025 or 2024.
‘I have no children’: My aunt gave me $50,000 for a down payment. She wants me to leave my home to her two children
“The house cost $385,000. With my savings, her $50,000 and a small mortgage, I was able to close.”
Hurricane Isaias to ‘stress test’ oil markets already hobbled by tight fuel supplies
Supply disruptions during the Atlantic hurricane season usually end up being a blip. This year could be very different.
Americans’ debt problems are flashing a warning not seen since the Great Recession
Researchers found that while wealth disparities narrowed somewhat, the ability to meet debt payments deteriorated significantly.
The Simple Test to Use Early in Your Career That Pays Off for Decades
Before any big decision, ask: Will my future self thank me for this, or pay for it?
Two futures for Britain
Let's look at two Britains. In number 1 we allow fracking, approve data centres, modular nuclear reactors, reservoirs, and North Sea gas. In 2 we pursue net zero, don't allow fracking, or approve data centres, modular nuclear reactors, reservoirs, or North Sea gas. By 2050 how might the two differ?
Apple’s Next Big Push Isn’t an iPhone. It’s Your Front Door
An unusual partnership with LG will help power Apple’s push into smart home devices.
Here’s how much stocks could fall if the Democrats sweep Congress, according to BofA
The rising probability of the Democratic Party taking control of both houses of Congress in the midterm elections poses a “meaningful” threat to risk appetite, said Michael Hartnett, Bank of America’s chief equity strategist.
Still Doing All the Marketing Yourself? Build Your First AI Employee in ChatGPT (No Tech Skills Needed)
Give your AI teammates clear roles, connect their work and use a chief of staff to keep the team focused on your business goals.
Florida is voting on whether to slash property taxes. Here’s who it would benefit — and hurt
Amendment 3’s passage could add momentum to other states’ efforts to slash property taxes
AI agents like Muse can shop for you. Here’s what that means for retail stocks
For Amazon, Costco, and TJX, the rise of AI shopping agents presents challenges — and some surprising advantages.
A New Lawsuit Claims Some Starbucks ‘Sugar-Free’ Drinks Have as Much Sugar as a Kit Kat
The suit claims the protein drinks mislead customers, but Starbucks says it intends to “vigorously defend” itself.
As AT&T, Verizon and T-Mobile shares fall, Wall Street assesses the growing SpaceX threat
SpaceX still has a ways to go before it can seriously challenge the three major wireless operators, but it’s making moves to grow its capabilities.
As Franchises Go After Chick-fil-A, Its CEO Is Prescribing a ‘Healthy Dose of Fear’
Andrew Cathy say the heated franchise chicken wars will only make his company better.
Founders Are Told to Chase Easy Markets. After 20 Years in Healthcare, I Think That Advice Is Backwards
The hardest markets can offer the strongest competitive advantages to companies willing to understand them.
These Cats and Dogs Have the Best Job Ever: Taste-Testing Pet Food for a $17 Billion Industry
At a Royal Canin research center in France, hundreds of cats and dogs gobble kibble for science and business.
Treasury's Bessent hires Trump's controversial former Fed board pick, Judy Shelton, as advisor
Shelton's controversial economic ideas led the Senate to block her nomination to the Fed. Now she's going to be a counselor to the Treasury secretary.
Is iPhone 18 demand cooling off? Here’s how deep Apple reportedly is cutting component orders
Component orders for the iPhone 18 Pro and the iPhone 18 Pro Max are down about 15% in October, according to Nikkei Asia.
Skydance’s David Ellison conquered Hollywood, but now the work begins
Ellison and his team must braid together two huge film studios (housing nine film labels), four streaming services, three TV production studios, three animation units and more than 50 television networks, including two prominent news organizations.
This $20-billion Culver City company turned shopping into a spectator sport
A California e-commerce platform is fueling the rise of live shopping in the United States, taking on giants such as TikTok and tackling concerns that the app is draining people's bank accounts.
‘I feel like a loser’: My ETFs go up one day and crash the next. Is this a bad sign?
“I presume these are sophisticated investors taking a profit.”
Why the price of this one exchange-traded fund has suddenly gone exponential
An ETF tied to freight futures is surging.
Jelly Roll and Bunnie Xo set to sell $7 million Tennessee home he gave her in divorce
Jelly Roll and Bunnie Xo are bidding farewell to their $7 million Tennessee home, which the country singer handed over to his former wife following their divorce.
Why one Wall Street firm sees parallels to the late 1970s and recommends shorting U.S. stocks
The artificial-intelligence build-out is most often associated with the dot-com boom at the end of the last century, but quants at one Wall Street giant identify another parallel: to the bell-bottomed, polyester suit, high-inflation era of the late 1970s.
A lovely example of why politics is bad at economics
Let us imagine, just for a moment, that this climate change thing is really big and important. So much so that we’re going to subsidise people moving from internal combustion engines over to electric vehicles. No, no, don’t worry about whether all that is true or not, necessary or a good idea. That’s just the set up. We’ve got to shift that transport sector and we’re going to do it via subsidy.
SpaceX’s Starlink Mobile plans are pressuring AT&T and Verizon shares
SpaceX plans to purchase Grain Management’s 800 MHz spectrum portfolio in a move to bolster its mobile ambitions. The news is lifting cell-tower stocks.
White House targets Stanford, Caltech and tech giants in visa crackdown
The White House is expanding its campaign against international workers, targeting elite study and work visa holders with restrictions and a new investigation.
Micron, Nvidia and AI chip stocks fall as report on OpenAI’s revenue causes ‘undue concern’
OpenAI’s annualized revenue reportedly fell short of expectations — but analysts say that reflects differences in how the figure is reported, not weakness in AI demand.
My husband inherited $3 million. He wants a vacation home, but I want to save for retirement. Who’s right?
“I keep thinking about giving each child $750,000 toward a house.”
PepsiCo CEO’s message to employees: If you’re not producing growth, you’re out
PepsiCo CEO Ramon Laguarta says that everything at the company that is not related to growth will not be part of the company.
Private Companies Have This Underrated Branding Advantage Over Public Rivals
For decades, becoming a public company represented the ultimate milestone for ambitious businesses. That's not always the case anymore.
Feel like a pumpkin-spice burrito? Analysts try to wrap their heads around a possible Starbucks-Chipotle tie-up
Starbucks investors would likely not be happy about the company adding debt to finance a deal to buy Chipotle, given that it already has a high debt load.
A big AI super PAC tried to follow crypto’s playbook to influence the midterms. Critics say it’s not working out
The political action committee says it’s “continuing to build a durable coalition that wants America to remain the global leader in AI development.”
With mortgage rates soaring above 7.5%, the smart money rents in America
If buying a home right now is such a great idea, why doesn’t Wall Street want to do it?
L.A. County investigates FAIR Plan’s claims practices after widespread complaints
Los Angeles County has opened a probe into the claims practices of the California FAIR Plan, the state's insurer of last resort, following widespread complaints by victims of the January 2025 wildfires.
Costco's sales resilience is giving Cramer a reason to feel better about the stock
Jim Cramer is feeling better about the wholesaler following its September report
Why a Starbucks takeover of Chipotle would — and wouldn't — make sense for both companies
Starbucks has reportedly been working with advisers on a takeover proposal for Chipotle, but a potential deal comes with pros and cons for investors.
Different Marketing Channels Need Different Playbooks. Customer Interviews Can Help You Create Them
Use customer interviews to understand how buyers behave across Google, LinkedIn, Reddit, Amazon and other channels — and build stronger acquisition strategies.
He Helped Create Modern AI. Now the ‘Godfather of AI’ Wants an FDA-Style Approval System for It
His idea is an approval system for AI — but what would it take to get a green light?
Why Some Entrepreneurs Get Real Value From AI While Others Get Slop
Same AI, different results: The edge comes from clear tasks, useful context, iteration — and human judgment, not pricier tools.
This Mother-Daughter Duo Started a Sparkling Side Hustle That Made $500,000 in Less Than a Year: ‘Born Out of a Simple Frustration’
Sosy and Grace Hachigian didn't see the item they wanted on shelves — so they created it.
How to provide guaranteed retirement income while paying no commissions
Unlike the stock market, whose future returns are anything but assured, a TIPS ladder’s payout is guaranteed.
I keep comparing myself to my more financially successful friends. How can I stop?
“It’s become clear that some of the people I grew up with are going to have very different lives from me”
Joe Rogan renews multimillion-dollar podcast deal with Spotify
Spotify announced that it has renewed its deal with Joe Rogan, who heads the audio company's most popular podcast.
Why a longtime skeptic of Palantir’s stock is finally saying it’s time to buy
Palantir’s total addressable market could get a lot bigger, while its business model should sustain its lead against competitors, an analyst says
Why Taking Time to Think Can Help Your Business Work Better
As AI accelerates the pace of business, leaders are under pressure to keep up. Here's why pausing to think may be one of the most productive things business leaders can do.
The Treasury market is facing a crucial vote of investor confidence
Higher bond yields aren’t only about inflation and the Iran war. But it means a higher cost of capital.
Need Money for College? Grab a Fishing Rod to Win Scholarships and Prizes
More young contestants are finding opportunities through high school fishing programs.
Higher Prices Test Customer Trust. Here’s How to Protect It
Rising costs can make price increases unavoidable. The real challenge for leaders is helping customers understand the value behind them, and trust the care they receive enough to stay.
Layoffs haven’t been this low since the 1960s. It’s great if you have a job — but not if you don’t
It isn’t easy for anyone looking for work now to find a job. Yet people who already have jobs probably don’t have to worry much about losing them.
I’m a 68-year-old widow and give money to my two adult children. Am I putting my retirement at risk?
“I also have $310,000 in an IRA and $46,000 in savings. My house is paid off.”
This chart shows the No. 1 reason why the cost of raising kids jumped 60% in eight years
“The birth-rate crisis is really an affordability crisis.”
PepsiCo cuts earnings forecast as North American turnaround takes longer than expected
Pepsi's North American business continues to lag behind its international markets.
French bonds are suffering through their worst decade since 1803 — and investors are bracing for more pain
The spread between France’s 10-year government bond and Germany’s equivalent reached its widest last week in available Bloomberg data, dating back to 1990.
Inflation on many everyday items was entirely due to tariffs, NY Fed says
Tariffs added 2.9 percentage points to inflation in 67 categories of goods by February 2026, researchers at the New York Federal Reserve found.
George on Thursday: Dogs Segment Speech With Human-Like Consonant Bias; California Legalizes Plug-In Solar; Russian Strikes Kill 25 in Ukraine; Houthis Attack Saudi Airports; Nobel Prize Honors Mirror Molecules
@THE LEDE Good morning! Today is Thursday, the eighth of October, 2026 and this is the Thursday Edition of GEORGE. Scientific progress and political violence arrive side by side today, showing mankind capable of decoding the chemistry of life while remaining unable to stop destroying it. Thursday brings a clear view of the week’s accumulating consequences, from widening wars and mass displacement to discoveries that illuminate the molecular machinery of medicine and longevity. Dogs
Universities Face a Budget Squeeze. Cutting Spending Is Only Part of the Answer
Budget cuts aren't new to higher education, but today's financial pressures are reshaping academic programs, staffing and student services, raising questions about long-term sustainability.
Who will benefit more from AI agents when it comes to spending – companies or you?
There’s an agent arms race unfolding, supercharging the battle for your wallet
Rising yields are quietly crashing the stock market’s earlier winners of 2026
Surging Treasury yields have begun to hammer parts of the stock market that might easily be overlooked, especially with the spotlight once again shining brightly on a small group of glamorous tech companies.
GLP-1s could offer unexpected relief from back and knee pain, but doctors urge caution
Rapid weight loss can lead to issues with bone quality, particularly in older adults.
After a 33% gain in the first half, this fund manager grew tired of the AI trade. Here’s where he’s looking now
Bill Hench, of First Eagle, stepped away from the artificial-intelligence trade with small-capitalization bets on a recovery of the U.S. housing construction market.
Higher yields are taking their toll on all areas of the stock market, except the one that matters
Technology is the only one of the S&P 500’s 11 sectors that gained since Sept. 1, as Treasury yields have climbed to multi-decade highs.
Tesla’s big AI gamble puts its EV business under a microscope
Investors are left with unanswered questions as the company leans on car sales to help fund its expensive AI ventures.
A strategist who called the Asian financial crisis sees parallels with the AI boom
Albert Edwards, well-known for his generally bearish views on equity markets, finds the economicbenefits of AI to be a promise rather than a reality at present.
Taking us by surprise
Very few people foresaw the use Viagra would be put to. Few saw semaglutide coming. Very few anticipated large language models and AI coming along so fast. Yet all of these have had a massive effect on society. And there are other man-made developments that might soon surprise us by their widespread effect.
A true ‘nuclear renaissance’ is taking shape, and these stocks could be big winners
The nuclear-energy industry has been having a moment, but analysts say some companies look better positioned than others to capitalize on a wave of AI-fueled demand.
My brother-in-law convinced his parents to sign over their home and life savings to buy a $3 million compound. Do I intervene?
“Both properties will be solely in his name.”
At the epicenter of AI, San Francisco Bay residents take on the technology
In the epicenter of the technology industry, people have conflicting views about whether AI is going to do more harm than good.
Popular Santa Monica party mansion set to shut down
The Main Street restaurant and nightclub will close at the end of the month. The city has approved plans for a private members club to take over.
A lovely example of petitio principii
Apparently those who think that technological change will solve climate change don’t think it necessary to do non-technological change-type things to solve climate change. Which seems pretty logical to us. But apparently this is bad : “Strikingly, we see the same tendency at the individual level,
These Siblings Were Supposed to Get Subway Owners the Best Deals on Supplies. Instead, Proecutors Say They Ran an $80 Million Fraud Scheme
A brother and sister in charge of buying supplies for Subway owners allegedly used millions in kickbacks to fund their lavish lifestyles.
Lululemon poaches Athleta CEO as new chief product officer
Lululemon announced Wednesday that Athleta CEO Maggie Gauger is joining the company as its chief product officer, a newly created role.
Levi Strauss hikes profit guidance after tariff refunds, but its sales outlook is less optimistic
Levi Strauss on Wednesday posted earnings that beat expectations, though it saw benefits from tariff refunds.
Want to Be More Likable? Just Say These 5 Magic Phrases
I’ve studied the science of human connection, and these five phrases work like a charm.
David Robinson says a sense of ‘cognitive dissonance’ led him to leave OpenAI
David Robinson said that despite advocating for slowdowns, OpenAI was racing ahead with development. The disconnect produced in Robinson a sense of "cognitive dissonance," he said. Robinson quit the company last week, saying that the AI giant isn't being careful enough. David Robinson says OpenAI was saying one thing while doing another. Robinson, formerly a leader on OpenAI's Safety Systems team, sat down with Ezra Klein for The New York Times' "The Ezra Klein Show" for his first interview since quitting the AI company last week.
I Spent a Day at Disney’s Staff Training. Here Are 4 Things Entrepreneurs Can Steal
They call it Disney University. Here's how it prepares employees for success.
Oprah-backed True Food Kitchen files for bankruptcy, closes 3 California restaurants
The Scottsdale, Ariz.-based health food chain True Food Kitchen announced it filed for Chapter 11 bankruptcy on Monday and has closed 12 locations.
Every public appearance Melania Trump has made during Donald Trump’s second term — and what she wore
Melania Trump is an enigmatic first lady who has, at times, been an infrequent White House presence. There was a 32-day stretch this summer where she did not make any public appearances. Recently, she spoke at an event at the Rose Garden and joined the president at a state dinner. Melania Trump has been known as an enigmatic first lady since President Donald Trump's first term, but her public appearances and outfit choices can provide a window into her approach to the role.
Here's how the largest fraternities earn and spend their millions
Greek life is a dominant force on US college campuses, and organizations manage millions annually. Fraternities generate millions through member dues, alumni donations, and real estate investments. Many Greek-letter organizations report tax filings under various entities. Fraternities are a staple of the American college experience, whether it's for their social influence on campus, sprawling alumni networks, or, at times, controversies. But behind the parties and secretive traditions are tax-exempt organizations that bring in millions of
5 Books That Redefine Success Beyond the Hustle
Success is more than endless intensity. Here are five books that redefine success as a sustainable, holistic activity grounded not in winning life but in living it.
The Culinary Director at a Unique California Restaurant Reveals the Key Ingredients Behind Its ‘Needle-in-a-Haystack’ Business Model
Deborah Mullin oversees a complex operation at Little Saint, the plant-based restaurant in Healdsburg, California.
After 35 Years in the College Admissions Business, 1 Red-Flag Word Is Popping Up More Than Ever
The best experts won't guarantee results. They'll tell you what they need to hear.
Here’s What a Survey of 30,903 Professionals Reveals About Work and Burnout: ‘I Don’t Know Who I Am’
Only 22% of developers are happy at work as AI reshapes their jobs.
Elon Musk took heat at chaotic Memphis data center moratorium vote
The heated Memphis City Council meeting was shut down after council members voted 7-5 to postpone a vote on a proposed data center moratorium.
The most famous diner in every state
We rounded up the most iconic diners in every state, from classic railcars to cozy breakfast spots. Many on this list are historic establishments that have been serving up diner classics for decades. Others have been ranked among the best restaurants in their respective states. Chrome stools, bottomless coffee, and a menu filled with page upon page of classic comfort foods — there's no argument: Diners are quintessentially American.
When Business Picks Up, the Instinct Is to Hire. Here’s How That Can Backfire
I thought we were hiring capacity. We hired a messenger. Here's what I learned.
The release of Sarah J. Maas’ 6th ‘ACOTAR’ book is just weeks away. Here’s everything we know
Sarah J. Maas is returning to the "ACOTAR" world with two new books. The sixth book will be released on October 27, 2026, and the seventh on January 12, 2027. Teasers shared ahead of its release confirmed two characters who will return in book six. Sarah J. Maas fans, gather round. We finally know what's coming in the "A Court of Thorns and Roses" series (sort of). On August 17, 2026, Maas announced the titles of the sixth and seventh "ACOTAR" books, along with initial descriptions of the novels.
Washington and Wall Street chose to delay paying their bills — and to put them on your tab
The polite word for what the government and Wall Street are doing is deferring payment, like opening a tab at a bar that somebody else will pay later.
The ‘Magnificent Seven’ are now big enough to move the economy. Why that could be a problem
Imagine a small group of companies whose value is greater than the entire economy of almost every single country in the world. By market value, that’s roughly where the “Magnificent Seven” group of tech companies now stands.
10 things we want to see in season one of HBO’s ‘Harry Potter’ show
The "Harry Potter" TV adaptation will premiere on HBO this Christmas. It will cover the first book, "Harry Potter and the Sorcerer's Stone" — or the Philosopher's Stone. There were a few cuts from the book in the film adaptation that we want to see in the TV series. It seems that every other week, we're getting a new cast announcement for the "Harry Potter" TV series that's hitting HBO — most recently, Kit Harington was announced as Gilderoy Lockhart in season two. But we're getting ahead of ourselves.
Nicolás Maduro’s wife wants out of jail because her doctors have recommended a heart procedure
Nicolás Maduro's wife, Cilia Flores, is experiencing health issues while awaiting trial in jail. The doctors in her Brooklyn jail recommended a diagnostic procedure to address her heart condition. She asked a judge to let her out of jail and allow her to stay in a private home to recover. In a jail in Brooklyn, Cilia Flores — the ousted first lady of Venezuela — has not been feeling well. She has lost two teeth. Her weight has dropped by 25 pounds. Her heart condition has gotten worse, her lawyers say.
Is my HBO safe? What the Paramount-WBD merger means for the future of CNN, movies, and more
Skydance's mega-merger is complete, giving David Ellison control of HBO and the Warner Bros. studio. The combined company also includes Paramount Pictures, Paramount+, Pluto TV, and CBS News. Here's what the Paramount-WBD deal means for HBO Max and CNN. What's going to happen to all my favorite TV shows and movies? Paramount has joined forces with Warner Bros. Discovery, prompting questions about what the mega-deal means for the likes of HBO and CNN. Skydance, David Ellison's new entertainment giant, is now home to HBO, HBO Max, CNN, CBS,
The 35 colleges that produced the most US presidents, ranked
Some US colleges have alumni who have reached the highest office in the country. The Ivy League, the US Military Academy, and some liberal arts colleges have produced US presidents. Harvard University leads the ranking, with five former presidents among its ambitious alumni. Some US colleges stand out for being highly selective schools, for having some of the highest-earning graduates, or for their surprising sticker prices. But some have bragging rights to a different metric: multiple former US presidents among their alumni.
I made Ina Garten’s easy apple spice cake. It’s the perfect dessert for fall
I made Ina Garten's fresh apple spice cake, her most fall-friendly dessert. Garten used to make the cake all the time at her Barefoot Contessa store in the Hamptons. The cake features rum-soaked raisins, Granny Smith apples, cinnamon, nutmeg, and pecans. From her delightfully bright breakfast cake to her "outrageous" brownies, Ina Garten's repertoire is full of delicious desserts. The temperatures have barely dipped this October, but I still wanted to find a sweet treat that embodied autumn.
Why the AI guys built tech that terrifies them
AI could destroy the world, AI leaders say. So why are AI leaders racing to win the AI race? Author Kevin Roose says that conflict has been a core part of the AI field from the start. Here's a core dynamic of our AI moment: Many of the people who are most worried about AI's power are also the people running the most powerful AI companies. And that's always been the case, argues Kevin Roose.
Everyone loves Le Labo — so I tried 11 of the brand’s fragrances and ranked them from worst to best
There's no fragrance brand quite like Le Labo. I've tried 11 of the brand's popular perfumes and ranked them from worst to best. Santal 33 is overrated, in my opinion, while Vanille 44 deserves more hype. It doesn't matter if you're a celebrity, a successful businessman, or an everyday fragrance fanatic. It seems like everyone loves Le Labo.
Modelo owner Constellation is getting creative to bring back beer drinkers as overall demand weakens
Constellation Brands beat earnings and revenue expectations as beer brands gained share, while inventory rebuilding and consumer caution clouded demand.
A new Pixar film and the sequel to ‘Michael’ will receive tax credits from California
Thirty-five film projects, including a new Pixar movie and the sequel to "Michael," were awarded production incentives for work done in California.
Warren Buffett’s advice to 99% of investors is still paying off
Warren Buffett famously says that virtually all investors should own a low-cost S&P 500 index fund. The business icon's advice continues to pay off with the S&P 500 hitting a new high on Tuesday. Buffett has said his approach avoids high fees and doesn't require investing smarts or hard work. Warren Buffett says almost nobody can do what he does, so they shouldn't even try. His advice continues to pay off.
Celebrity deaths in 2026: Remembering the famous people we lost this year
Stars we’ve lost this year include Dolly Parton, Eva Marie Saint, Catherine O’Hara, Hayden Panettiere, and James Van Der Beek.