Humans are warming to the idea of AI money managementThe robots are coming for your monthly budget — but for some, that might not be a bad thing. Zoom in: A clear majority of younger Americans are embracing artificial intelligence as a way to help them achieve their financial goals, according to data… Jun 14 24June 14, 2024Article at Axios
Study: Narrowing Black inequality is worth $1T in growthAddressing the roots of Black economic inequality has the potential to unlock as much as $1 trillion per year in domestic U.S. economic growth, according to a new study by the Black Economic Alliance Foundation. Why it matters: The study arrives at a… May 29 24May 29, 2024Article at Axios
"Big psychological boost": Dow vaults above 40,000, setting new recordThe Dow Jones Industrial Average touched a record high at 40,000 on Thursday, with investors momentarily downplaying fears about inflation and delayed interest rate cuts. Why it matters: The market has built on momentum in spite of persistent worries… May 16 24May 16, 2024Article at Axios
David Sacks: Silicon Valley should seriously weigh 2024 stakesFamed investor David Sacks stopped short of formally endorsing a 2024 candidate on Tuesday, but warned Silicon Valley should "think really hard about who it wants to vote for" given the policy stakes. Why it matters: Sacks is an influential tech… May 15 24May 15, 2024Article at Axios
Small biz owners worried about inflation but happy to be entrepreneursSmall business owners are as preoccupied with stubborn inflation and economic uncertainty as the general public, yet many still embrace entrepreneurship — warts and all. Why it matters: A slowing economy and stubbornly high prices have exposed a… May 08 24May 08, 2024Article at Axios
Warren Buffett: AI is a genie that "scares the hell out of me"Investing legend Warren Buffett on Saturday delivered a stark warning about artificial intelligence, likening the technology's rise to the development of nuclear weapons in World War II. Why it matters: While it's not the first time Buffett has… May 04 24May 04, 2024Article at Axios
Marcelo Claure makes his diversity investment caseFormer SoftBank exec Marcelo Claure and tech veteran Paul Judge want to redefine how the investing world thinks about diversity. Why it matters: As corporate America's embrace of diversity and inclusion — ignited by racial tensions laid bare in 2020… Apr 20 24April 20, 2024Article at Axios
General Electric completes split into 3 public companies TuesdayGeneral Electric — which was the most valuable public company in the world less than two decades ago — finalizes its split into three independent businesses Tuesday. Why it matters: The house that Thomas Edison built over a century ago, and that Jack… Apr 02 24April 02, 2024Article at Axios
"We will incinerate the planet": Why some say nuclear power's moment is nowDon't call it a comeback — nuclear power has been here for years. Now, atomic energy's prolonged winter in the U.S. energy mix could finally be in for a thaw. Why it matters: Fossil fuels comprise about 60% of the U.S. electricity generation mix,… Mar 29 24March 29, 2024Article at Axios
ESG down for the count, but not totally knocked outESG investing is dead. Long live ESG investing. Driving the news: Released earlier this week, an analysis of the often derided environmental, social and governance investing trend paints a mixed picture of what some critics have denounced as "woke… Mar 28 24March 28, 2024Article at Axios
Axios Generate🐫 Happy Hump Day, readers! Today's edition brings you the best of all worlds: A new energy buzzword, best practices in climate tech, and even a vacation dispatch (of sorts) from Andrew. All that in 1,139 words, 4.5 minutes. 🚨 Situational Awareness:… Mar 27 24March 27, 2024Article at Axios
BlackRock's Fink shows the realpolitik of the energy transitionBlackRock CEO Larry Fink's stemwinder on "energy pragmatism" contained a kernel of truth about the global shift away from fossil fuels. Driving the news: In his yearly dispatch to shareholders on Tuesday, the Wall Street chieftain waxed eloquently… Mar 27 24March 27, 2024Article at Axios
Biden's "hush-hush" oil boomThe Biden administration's environmental crowd-pleasing crusade against carbon emissions is obscuring a very inconvenient truth about U.S. energy policy: oil and gas production are way up. Why it matters: President Biden's assertive environmental… Mar 26 24March 26, 2024Article at Axios
The Fed's inflation fight is starting to feel like a forever warNew data is calling into question whether the U.S. economy will return to the pre-pandemic benchmark of 2% inflation anytime soon. Why it matters: The so-called "last mile" of the Fed's inflation fight was always going to be hard. But at least a few… Mar 13 24March 13, 2024Article at Axios
How a big crypto villain helped fuel bitcoin's surgeBitcoin's long and tortured journey to new all-time highs this week has an unlikely hero in its story. Why it matters: The SEC — whose leader Gary Gensler has been implacably antagonistic toward crypto — gave bitcoin an improbable yet undeniable seal… Mar 07 24March 07, 2024Article at Axios
Bitcoin tops $60K, highest in over 2 yearsBitcoin rallied above $60,000 on Wednesday, riding its bullish momentum to its highest levels since November 2021, as more signs emerge that cryptocurrency's "winter" has ended. Why it matters: The digital token has gone from strength to strength in… Feb 28 24February 28, 2024Article at Axios
Life Time adds coworking spaces to San Antonio gymsWhile downtown is getting CommonDesk, a new coworking space, the persistence of remote work has sparked the rise of well-appointed spaces fusing work with fitness and leisure. Why it matters: A raft of data strongly implies workers are still… Feb 28 24February 28, 2024Article at Axios
New "workplace-plus" spaces combine the office and the gymThe persistence of remote work has sparked the rise of well-appointed spaces fusing work with fitness and leisure. Why it matters: A raft of data strongly implies workers are still productive outside traditional office confines. But some employees… Feb 20 24February 20, 2024Article at Axios
Retirements spike again as stock market boomsHuge numbers of Americans are leaving the workplace in a surprise second wave of the post-COVID retirement boom. Why it matters: An aging country — combined with a booming stock market and a nudge from return-to-office policies — means more working… Feb 19 24February 19, 2024Article at Axios
Michelle Bernstein: Diners want "full experience"The post-pandemic desire for more extends to dining out, with an increasing emphasis on a "full experience," says restaurateur Michelle Bernstein. Why it matters: At Axios' BFD Miami, Bernstein said that her eateries reflect rising consumer… Feb 13 24February 13, 2024Article at Axios