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BofA on the ‘fundamental disconnect’ in the housing market: You’re blaming the wrong person for why you can’t afford a home
“Affordability is a key voter issue, but proposals to fix structural supply shortages are politically unpopular and lack short-term payoffs.”
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Airbnb CEO Brian Chesky plans to start a new AI company
Chesky plans to create an AI venture to develop artificial intelligence models and is considering a focus on user interaction and design.
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IBM, AT&T accused by whistleblower of covering up foreign hacks
The hackers allegedly breached massive IBM cloud computing infrastructure that’s widely used by many parts of the U.S. government, including the military.
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SpaceX and Anthropic are about to go public—and your 401(k) may be forced to buy in
The dot-com guardrails are being dismantled just as SpaceX and Anthropic go public, experts warn. Your retirement account could feel it.
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‘The next China is still China’: McKinsey’s Joe Ngai and Nick Leung on why global business can’t write off the Chinese economy
“You can’t find another China. There’s no other China out there now,” Greater China chair Joe Ngai says.
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Burnham confirms he will seek to replace Starmer as UK prime minister
Greater Manchester mayor says he will aim to join a Labour leadership race if he wins upcoming by-election
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What if Andy Burnham loses?
Defeat would encourage Labour to believe the next election will be won by uniting voters on the left
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The case for raising UK interest rates is growing
The Bank of England should proactively lean against second-round effects from the energy shock
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SpaceX IPO shows Musk’s genius is in mythmaking
How exactly the company plans to support its gargantuan valuation is not obvious