A duty&free exemption is about to expire amid Trump’s trade war. So postal services across Europe will halt shipments to the U.S.
The exemption, known as the “de minimis” exemption, allows packages worth less than $800 to come into the U.S. duty free. The end...
The Fed is starting to worry about the housing market now
“A few participants noted a weakening in housing demand, with increased availability of homes for sale and falling house prices.” While markets focused...
Russia is ‘teetering on the brink of a recession’ and headed for a disastrous harvest, while Putin’s other top source of cash plunges
“We also think there’s a significant probability of Russia’s economy slipping into a technical recession in the coming quarters.” Vladimir Putin has staved...
Trump halts work on an offshore wind project that’s 80% complete, citing unspecified ‘national security interests’
Revolution Wind was expected to be Rhode Island and Connecticut’s first commercial-scale offshore wind farm, capable of powering more than 350,000 homes. The...
Why banks should leverage AI to serve more than the affluent—and build a financial system for everyone
Around one billion people still lack access to formal financial systems. AI can help close the gap—in part by allowing for collateral-free lending....
Duolingo CEO admits his controversial AI memo ‘did not give enough context’ and insists the company never laid off full&time employees
After receiving backlash for a staff memo posted on LinkedIn, the Duolingo CEO is clarifying that full-time roles are safe. Billionaire Duolingo CEO...
Trump says he’s arranging for Putin and Zelenskyy to meet face to face, followed by meeting of all 3 presidents
“After that meeting takes place, we will have a Trilat, which would be the two Presidents, plus myself.” President Donald Trump says he...
Kumail Nanjiani says Elon Musk did not like HBO’s ‘Silicon Valley’: ‘He was like, all the parties I go to are much cooler than these parties’
In 2018, Musk vigorously denied he had attended a “sex party,” saying he thought it was just a costume party. Kumail Nanjiani, the...
Workers are ‘job hugging’ in a stagnant labor market, but growing resentment means they could bail as soon as the next Great Resignation comes
More employees plan to stick around in their current jobs, despite growing economic concerns stoking resentment toward employers. More employees are planning to...
Wayfair CFO says sellers on the company’s $12 billion marketplace are trying to ‘insulate’ customers from tariffs
Wayfair has been on a rocky ride over the past five years. The home goods category has seen its share of twists and...