The meteoric rise and stunning fall of Prime, Logan Paul’s energy drink that was once resold for almost $1,500 a can: ‘A brand cannot live on hype alone’

aol.com Only a year ago, scores of spry British tweens and their parents packed into grocery stores, stuffing their arms with bottles of brightly colored Prime. The drink—originally…

Top tech CFO says AI is no ‘blip or hype,’ it’s tech’s historic moment

aol.com There’s a common narrative in the investment community that says the people who really made money during the gold rush weren’t the miners—but the entrepreneurs who sold…

These incarcerated women are leaving prison with a certified license to make people feel beautiful. The program ‘gave me a chance to feel human again’

aol.com Stephanie F., who asked Fortune to withhold her last name for privacy concerns, was 39 when she became incarcerated in 2018 at Coffee Creek Correctional Facility, a…

‘This is the noise of my shredder shredding your business plan

aol.com Chris Hulatt was a trainee fund manager on Mercury Asset Management’s (now Merrill) grad program when he met Simon Rogerson and Guy Myles. At the turn of the millennium, the…

With inflation still high and economic growth slowing sharply we could be heading toward stagflation, a scenario ‘nobody is really prepared for,’ UBS exec says

finance.yahoo.com The U.S. economy might be out of the frying pan and into the fire. After months—even years—of planning for a recession, the country may find itself facing a different sort…

French President Emmanuel Macron has a new favorite bakery as winner of the best baguette in Paris is crowned

aol.com Deciding on an ideal bakery spot is increasingly becoming more trouble than it’s worth. A deluge of TikToks and varying recommendations from your hipster friends will tend…

Jamie Dimon says to get a job at JPMorgan, what you study in college ‘almost doesn’t matter’

finance.yahoo.com Any soon-to-be college grads looking to land a job at JPMorgan Chase need not worry about what they major in. Those instructions come directly from the company’s CEO Jamie…

The top 5 books these mental health experts say will help you combat burnout at work and build healthy habits

aol.com Work stress is a pervasive problem. A 2022 Zippia report found that 83% of U.S. workers suffer from work-related stress, with 25% saying their job is the top stressor in…

YouTube was the real hero of Google’s Q1 earnings, and it should set off alarm bells at Netflix

aol.com Google’s advances in the AI market drew widespread cheers following its first quarter earnings report on Thursday, but the company’s results also showed that it’s making…

Southwest’s earnings are so bad it’s leaving 4 airports

aol.com Following lackluster earnings, Southwest is ready to make drastic changes to get back on course. Southwest CEO Bob Jordan said in the company’s first-quarter earnings call…

The economy is moving us back into the 19th century as fertility rates plunge

aol.com The economy is hitting younger generations—hard. Millennials and Gen Zers face sky-high mortgage rates, soaring home prices and inflation, and it’s slowing some traditional,…

Exxon’s profits are falling, but CEO Darren Woods’ compensation rose last year

aol.com Oil-and-gas behemoth ExxonMobil announced disappointing financial results on Friday that led to a quick stock price drop of more than 3%. Earnings in the first quarter were…

Meta’s investors are worried about the billions it’s spending on AI

aol.com Meta is betting the farm on AI, and it’s alarming investors. In its earnings report Wednesday, CEO Mark Zuckerberg announced the tech giant was raising its estimates for…

Tesla’s Elon Musk speeds past Mark Zuckerberg on the billionaires list after Meta stock plummets on its cash-sucking AI plans

aol.com Tesla’s stock rebound has helped Elon Musk get an edge over mega billionaire rival Mark Zuckerberg to secure his place as the world’s third-richest billionaire. Thanks to…

It’s still a golden age of homebuilding, according to one top real estate CEO. Here’s why

aol.com Howard Hughes’ chief executive called this year the golden age of homebuilding about four months ago—and he hasn’t changed his tune despite the recent resurgence in mortgage…

Satya Nadella says Microsoft’s AI payoff hinges on other companies doing ‘the hard work’ of changing their cultures

aol.com Microsoft has spent billions on the data centers, chips, talent, and other infrastructure needed to build an artificial intelligence empire and it plans to spend billions…

More Americans are working past age 65

aol.com Once upon a time, the trajectory of a working life was clear: You put in decades at a company, hoping to methodically work your way up the ranks until you hit the age of 65,…

Raising children is way more expensive than most parents imagined

aol.com A parent’s bundle of joy is said to be priceless, but an economy marked by inflation might challenge that notion as people shell out thousands to raise their children. Even…

Can Envestnet find a buyer? The publicly traded fintech is looking for one

aol.com Envestnet, which lost its cofounder and CEO in 2019, is once again up for sale—but questions remain about whether finding a buyer this time around will be any different. The…

Microsoft’s Xbox sinks as AI soars

aol.com Microsoft crushed its latest quarter’s earnings, beating analyst estimates on the top and bottom lines, but amidst the celebrations for higher than expected earnings per…

Bitcoin ETFs stall: BlackRock ends 71-day streak, Fidelity sees first outflows

aol.com This week, two of the most successful exchange-traded fund launches in history showed signs of abating interest. On Wednesday and Thursday, BlackRock's spot Bitcoin ETF,…

ByteDance says it has no plans to sell TikTok in the U.S

aol.com Despite the passage of a bill requiring TikTok to divest itself from its parent company or face a ban in the United States, China’s ByteDance says it has no plans to sell…

‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’

finance.yahoo.com Norway's 'trillion-dollar-man' believes America's attitude towards failure is helping propel the nation ahead of its European counterparts—where workers may have a better…

Demand for office space is skyrocketing, especially in New York City and Los Angeles

aol.com Demand for office space in New York City and Los Angeles has reached the outer edges of the pre-pandemic rate of demand, according to the latest quarterly Office Demand…

Besides keeping data safe, this emerging tech could be a key trust builder for businesses

aol.com Another day, another data breach. A key factor in those surging attacks: encryption, or lack thereof. Last year, 82% of breaches involved data stored in the cloud, IBM…

In the latest blow for the London Stock Exchange, U.S. private equity firm Thoma Bravo snaps up British cybersecurity star Darktrace for $5 billion

aol.com It’s been one blow after another for the London Stock Exchange—this time, it’s a private equity deal for the U.K. cybersecurity firm Darktrace. The Cambridge-based company…

Sam Altman, Jensen Huang and more join the federal AI safety board

aol.com The advisory board being assembled by the government to focus on the secure use of artificial intelligence (AI) has landed some of the industry’s biggest names. OpenAI CEO…

Hertz is done gambling with EVs: It took a first-quarter $195 million hit on Teslas that just keep losing value and can’t sell them fast enough

finance.yahoo.com Hertz is hurting. The company was expecting a challenging first quarter, but it got more than it bargained for: It reported a $392 million adjusted net loss on Thursday.…

Departing top Tesla exec cashes out almost his entire stake for $181 million as longtime bull Ron Baron calls bottom in the stock

finance.yahoo.com Drew Baglino is cashing out. The former senior vice president in charge of powertrain engineering at Tesla liquidated virtually his entire stake in the company—worth $181…

The SEC’s Ethereum bank shot

aol.com If you've played a casual game of pool, you're familiar with the situation where the ball you wish to sink has no direct path to the pocket, and you're forced to try a more…

Scientists inspired the right guardrails for nuclear energy, the internet, and DNA research. Let them do the same for AI

aol.com In July 1957, 22 prominent scientists gathered quietly at a private lodge in Pugwash, a small town in Canada’s Nova Scotia province. They had answered a call to action by…

Harvey Weinstein’s New York conviction was overturned, forcing survivors to relive abuse

aol.com Good morning, Broadsheet readers! Kim Kardashian joined Vice President Kamala Harris to discuss criminal justice reform, fertility rates in the U.S. hit a record low in…

U.S. panic over national debt might mark a culture shift

finance.yahoo.com As U.S. citizens swiped their credit cards, took on bumper loans, and applied for mega mortgages during the pandemic, the U.S. government did the same with COVID-19 stimuli;…

The FTC noncompete ban means companies need to totally rethink their people strategy: ‘You’ve got to convince employees to stay’

aol.com The Federal Trade Commission’s ban of noncompete agreements earlier this week was a shot heard by employers across the country. The ruling, if it survives legal challenges,…

The FTC’s ban on noncompete agreements will send companies scrambling for other ways to control their workforce

aol.com The Federal Trade Commission banned noncompete agreements for the vast majority of U.S. employees earlier this week—a move that impacts about 30 million Americans, and is…

Rubrik goes public, as the stock closed up nearly 16% in the cybersecurity company’s first day of trading

aol.com An IPO is a lot like a wedding. Hear me out: The opening bell ceremony is called a ceremony because it really is one. There are pictures, there’s family (both biological and…

Jamie Dimon says America needs to ‘take a deep breath’ before facing off with China, because the U.S. is actually in a ‘very good position’ to negotiate

aol.com JPMorgan Chase CEO Jamie Dimon might not be sleeping on the threat of China—but he's not underestimating America's position at the negotiating table either. And that's a…

Huawei reportedly keeps getting advanced chips, even as the U.S. tries to tighten the screws on China’s semiconductor industry

aol.com Huawei may have surprised the tech world yet again. Last year, the Chinese giant shocked observers with the Mate 60 Pro smartphone, which features an advanced processor…

Walmart CEO started his career unloading trailers at the warehouse

finance.yahoo.com Doug McMillon was just 17 years old when he started working in Walmart’s warehouses in the summer of 1984. Since then, he’s scaled the retail giant’s ranks from unloading…

Aviation results: European carriers EasyJet and Jet2 fly to new heights, while Airbus prepares to overtake Boeing as headwinds continue

aol.com It’s been a buoyant few days in the world of aviation. As airlines and airports put the COVID-19 pandemic in the rear-view mirror, they’ve seen a significant boost in…

American Airlines CEO fumes at Boeing’s failures

aol.com Boeing’s delivery delays and production problems have ripped across the airline industry, a fact that was heavily reflected in the first quarter earnings of some of the…

JPMorgan Chase CEO Jamie Dimon says Bidenomics is only ‘partially’ working as many Americans aren’t feeling ‘lifted up by this economy’

aol.com President Biden’s economic record has been under the microscope with the 2024 election fast approaching, and multiple recent polls showing that the economy is one of the…

Amazon should be forced to disclose how Jeff Bezos and others were instructed to use the Signal disappearing-message app, FTC says

aol.com The Federal Trade Commission on Thursday asked a judge to force Amazon to reveal what it tells company leaders about using the encrypted messaging app Signal to discuss…

Superbugs could lower your life expectancy by nearly 2 years, report says. What to know about antimicrobial resistance

aol.com As one public health threat takes a bow, another takes center stage. Less than a year after the end of the federal COVID-19 Public Health Emergency, a group of international…

Does Medicare cover physical therapy? Yes, and you might be eligible for more services, too

aol.com “Physical therapists are movement experts,” says Roger Herr, American Physical Therapy Association (APTA) president. They’re especially important to older adults given that…

Burned out and underappreciated, women’s career advancement had stalled long before the anti-DEI backlash

aol.com While many business leaders are celebrating the fact that women CEOs now run more than 10% of the Fortune 500 and JetBlue made headlines this year for appointing Joanna…

Now might be the time to move to Florida as inventory levels surge and sellers slash prices

aol.com Florida used to be the place for wealthy retirees to move to enjoy the state’s healthy dose of sunshine—and a massive break on taxes. But now that the housing supply on the…

The economy seems weaker than advertised, and inflation is still running hot

finance.yahoo.com Economists were thrown for a loop on Thursday after new data revealed evidence of persistent inflation and a growth downshift in the U.S. Real gross domestic product (GDP)…

U.K.’s Rishi Sunak wants to reform disability benefits by ending ‘sick note culture’ that ‘overmedicalizes everyday challenges’

aol.com U.K. Prime Minister Rishi Sunak says it’s too easy for people to receive long-term disability benefits that keep them out of the workforce—and he’s pushing to reform what he…

Shares of Microsoft-backed Rubrik jump as much as 25% on first trading day

aol.com Rubrik, which priced shares on Wednesday at $32, saw them climb as high as $40 on Thursday in the stock’s first full day of trading. Shares closed at $37, still a gain of…

How to watch the 2024 NFL Draft for free

aol.com It’s been a dark couple of months for NFL fans. No games. No action. And no chance to grumble about camera cuts to Taylor Swift during Chiefs games. That particular drought…

You can’t blame investors for being skeptical of Meta’s enormous AI outlay

aol.com There’s blood in the water. After a period of huge bullishness over generative AI, investors are starting to freak out about the massive costs involved, as evidenced by the…