Layoff plans in October fell to the lowest level since 2023 as companies turned their attention to retaining existing employees and adding seasonal help ahead of the holidays.
US employers announced 43,994 job cuts in October, up slightly from September but down 71% from a year earlier, according to outplacement firm Challenger, Gray & Christmas.
Job cuts have been muted this year as the labor market stays in "low hire, low fire" mode. Announced cuts in the first 10 months of the year are at their lowest level since 2022.
"This is a low-fire environment," Andy Challenger, chief revenue officer at Challenger, said in a statement. "Employers are holding on to the workers they have heading into the holidays, and the hiring they are announcing is largely short-term, seasonal work. Companies want the flexibility to meet holiday demand without adding permanent headcount."
Food companies announced nearly 10,000 layoffs in October, followed by the technology sector's 5,600 cuts. Tech companies have announced more than 170,000 job cuts this year, usurping their total for all of 2025.

#announced #since

Google is extending its buyout program to selected workers in five additional countries as the company looks for ways to control expenses while pouring money into artificial intelligence programs.
The company told Reuters that select workers in Canada, France, Germany, ****** an and Switzerland were offered buyouts beginning in June, although the number of employees who accepted was unclear.
FOX Business has reached out to Google for comment.
"In 2025, some of our teams introduced a voluntary exit program with severance," a Google spokesperson said in a statement to Reuters. "This past summer, in June, we expanded this program globally in a few countries to support our important work ahead."
Google Parent Alphabet Suffers Nearly $500B Wall Street Wipeout Amid Ai Spending Fears

#workers

On the Equity Mates podcast recently, Bill Ackman shared a story of the time he had dinner with Warren Buffett. Ackman said he offered Buffett water, but he turned it down for a Cherry **** e. Buffett said, "Bill, I haven't had water in 48 years." The dinner was years ago, but the story only went viral when Ackman mentioned it on the podcast. And we know this wasn't some newfound love Buffett had for **** e. His company, Berkshire Hathaway (BRK.A), built its stake in Coca-Cola (KO) between 1988 and 1994 for about $1.3 billion. Coca-Cola has split its stock since then, so that stake is now 400 million shares.
Coca-Cola pays $0.53 a share in dividends each quarter, or $2.12 a year. This means Berkshire gets paid roughly $848 million a year for its investment. That's about 65% of what Berkshire originally paid, coming back in a single year. And since Coca-Cola raises its dividend every year, that number keeps growing. Back in 1994, the same shares paid Berkshire about $75 million a year, not even one-tenth of what it earns today. At around $96 a share, the stake is now worth approximately $38.4 billion. Berkshire still holds the entire stake, and its CEO, Greg Abel, called Coca-Cola one of four core holdings.
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Billionaire Mark Cuban Says the Hardest Part of Fixing Health Costs Isn't the CEOs or Insurance Companies, 'Employees Fight Any Change'
Dear Qualcomm Stock Fans, Mark Your Calendars for November 4

#berkshire #coca #year #paid

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Despite the ongoing affordability and cost-of-living crisis, Americans are trying to save as much money as possible for retirement. According to Fidelity's latest report, (1) the average savings rate for a 401(k) participant hit a record high of 14.4% (employee and employer contributions combined) in the second quarter of 2026.
Despite this ferocious pace of savings, many older Americans are anxious about their retirement prospects. In fact, 75% of pre-retirees over the age of 50 told F&G Annuities & Life (2) they were considering or had already delayed their retirement as of 2026.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change

#Retirement #savings #according #life

PARIS (AP) — The weekend of riots and looting in France did not spare soccer clubs Marseille and Lille.
The Ligue 1 teams said their shops have been vandalized during the protests against rising living costs and poor conditions in schools. Over half a million mainly peaceful protesters took to the streets on Saturday but small groups of people set fires in the streets and looted businesses in Paris, Lyon, Marseille and other cities.
Marseille said in a statement on Monday the looters caused "significant damage" to its official store located on La Canebière — the southern port city's most famous avenue — which has been temporarily closed.
Up north, Lille's city center store "suffered extensive damage and widespread looting," the club said, adding that the shop will remain closed until further notice.
Lille thanked "everyone who has offered their support over the past few hours — first and foremost, our store employees, but also the many passersby, whether supporters or not, who spontaneously stepped forward to offer their help, practical ****** istance and comfort."

#closed #ligue

James Attwood: I don't really see how. Sure, the Brewers are a smaller market than the Dodgers. They have a much smaller payroll. But, if anything, the Brewers advancing is only going to fuel the MLBPA to get even stickier about trying to control salaries in any way, shape, or form. Also, even though plenty of fans and pundits like to give MLB front offices a hard time about making stupid decisions, those offices are by and large, stacked with incredibly intelligent people. Those people are going to be able to take a step back and recognize that one season's playoff picture is hardly a sample size large enough to be called indicative of the sport moving forward. There were questions after Arizona went to the World Series in 2023 about whether or not MLB had done enough to create obstacles for Wild Card teams in the playoffs, all because Arizona steamrolled the Brewers and Dodgers. This year, pundits are calling for the entire seeding system to be blown up because there was a team with a .500 record that not only made the playoffs, but won their division outright. Single seasons may bring some oddities, but they are usually not indicative of the reality of the game's overall health.
I suspect, both the ownership side of things and the MLBPA have already drawn their battle lines and have already started crafting their arguments. This outcome in the playoffs will do more to feed the online debates between fans and pundits than it will do for or against the CBA negotiations.
C. Wesley Baier: I think it will impact the CBA negotiations, but how much is the real question. I would be shocked if the MLBPA didn't use this as evidence against a salary cal, but I cant say if it wil be all that successful of a tactic.
Spencer: Nope. Anything can happen in a small sample size. Owners are greedy and want to abuse their employees/customers for profit still. Players are greedy and only care about the uppermost tiers of earning power. Fans will quiet down a little, but fan opinion and outrage has never been a driving force for either side.
Justin27: FTD

#brewers #only #Dodgers

Meghan Markle is reportedly facing fresh tensions with her US team after a promotional image for her As Ever brand drew criticism over its cooking setup. The reported fallout comes as the ******* ss of Sussex seeks to hire senior British staff. However, an insider claims her history of staff turnover could make it harder for her to attract experienced candidates.
According to sources cited by Naughty But Nice, Meghan Markle has grown frustrated with her US team after critics questioned an As Ever promotional cooking photo. The image appeared to show a gas stove that was switched off, leading critics to question the cooking setup. However, the photo alone does not confirm whether Meghan was actually cooking or whether she used the stove at another time.
An insider claimed Meghan expected her team to catch potential problems before the image reached the public. "She exploded," the source said. "It was, 'How did ******* ody catch this?' Meghan expects her team to protect her from exactly this kind of ridicule." However, her reaction may be making it harder for her to hire new staff. "She blames the American team when things go wrong, while prospective British employees are watching," the source explains. "Nobody wants to become the next person blamed — or the next departure that makes headlines."
Meghan is reportedly looking to strengthen her team in the UK, including by hiring an executive ******* istant. However, the insider claims that attracting experienced British candidates has become difficult because of the attention surrounding staff departures over the years. The source argued that a prestigious ******* le and the opportunity to work closely with Meghan may not be enough to convince top candidates to accept a role.
"Meghan can offer a glamorous ******* le, but the best people aren't biting," the insider told Naughty But Nice. "Her reputation gets there before the job offer does." The source added that prospective employees may wonder whether they would have a different experience from previous staff members. "People see the turnover and think, 'Why would it be different for me?'" the insider claimed.

#however

Could Jessica Simpson have found the one in her new man? Her latest sighting has raised eyebrows about her relationship status.
Simpson has been married twice. First to Nick Lachey, from 2002 to 2006. She married Eric Johnson again, with whom she has three children, from 2014 until their separation last year.
Following reports that she has begun dating again, Simpson seemingly had no problem flaunting her new man to the world.
MBS/MEGA
The "Employee of the Month" actress and Thomas Eisenhood were seen enjoying an outing together at Balloon Fiesta Park in Albuquerque, New Mexico.

#simpson #jessica #following #mega

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Amazon founder Jeff Bezos once challenged Rep. Alexandria Ocasio-Cortez's (D-N.Y.) argument that billionaires cannot legitimately earn their fortunes.
During a May 2026 interview with CNBC's Andrew Ross Sorkin at Blue Origin's rocket factory in Florida, Bezos responded to Ocasio-Cortez's statement that no one can earn $1 billion without exploiting workers, abusing market power or breaking rules.
The Amazon executive chairman rejected the premise, illustrating his argument with a hypothetical burger restaurant that starts with 10 employees and gradually expands to 1,000 locations as customers embrace its products.
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#alexandria

Fast food giant Wendy's faced a fresh wave of permanent store closures on Friday for the second weekend in a row as one of its biggest franchisees scrambled to restructure operations in the aftermath of a Chapter 11 bankruptcy filing.
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#fast #closures #Friday

OpenAI CEO Sam Altman admits "something's clearly not working" with the artificial intelligence money that has flooded the midterm elections — and he doesn't expect President Donald Trump's rebrand of the technology to improve his industry's image with the American public, either.
"I get why AI has a really negative perception right now," Altman told Brendan Bordelon in an exclusive interview marking the launch of Decoded by POLITICO. "I don't think spending money on politics is what's going to make people feel better about it. The industry needs to figure out a way to address what the actual concerns are, and right now, a lot of people in the industry are being quite tone deaf."
In the wide-ranging conversation, Altman offered a window into how OpenAI is confronting new political pressures and intensified competition with Anthropic, its corporate archrival run by former employee Dario Amodei.
Altman says OpenAI is more tolerant than Anthropic of less-than-catastrophic harms from AI, drawing out what he sees as a fundamental split in worldview between the two leading labs even as they converge on tougher rules in the wake of high-profile autonomous hacking incidents.
"We believe that the world should accept some bad things happening for the benefits of this technology and people having the agency," said Altman, who characterized those harms as linked to "the lighter touch regulatory stance that we advocate for."

#openai #money #president

Chrishell Stause was left unimpressed with her ex-boyfriend Jason Oppenheim's enthusiastic praise of Elon Musk's Tesla technology.
The "Selling Sunset" star mocked Oppenheim for praising Tesla and announcing plans to get vehicles with Full Self-Driving technology for his employees.
OK! Magazine reported that Oppenheim recently shared a video of himself using Tesla's Full Self-Driving (FSD) technology during a commute from Newport Beach to The Oppenheim Group's Los Angeles office. Oppenheim praised the technology, saying that the 1-hour, 15-minute commute would be a breeze. He claimed that the car would drive itself and stop at his office parking lot without him needing to touch the steering wheel.
"This is the most important video that I've ever posted," Oppenheim began. He praised the technology as "so safe" and explained why he had decided to part ways with his Bentley.
"I have no need for it. I'm not going to drive it," he said. "I'm going to be getting self-driven around from here on out," he added.

#driving #commute #office

The Princess of Wales is always poised, elegant and professional during her royal engagements, and she kept her composure even when subtly asking the press to step backwards as she walked by amid an engagement in Norfolk.
It was in June 2020, when COVID-19 restrictions were still in place, that Kate, who was then the ***** ss of Cambridge, made her first face-to-face public engagement since lockdown began. The royal visited Fakenham Garden Centre near her country home, Anmer Hall, and she was seen holding her hands up to distance herself from the press amid the 'two-meter rule'.
Kate adhered to the two metre rule implemented by the UK government (@ Photo: Getty Images)
She could be heard saying: "Hello, how are you? This is two meters," as she moved slightly away from them and stretched out her hands. She then headed to greet employees of the centre, again at a safe distance.
During the visit, Kate shared that her children, Prince George, Princess Charlotte, and Prince Louis, all love visiting garden centres. She also highlighted their enthusiasm for gardening at home, revealing that George enjoys playing with Venus flytraps and that all three children were thrilled to grow tomato plants from seeds, and they grew as tall as the young royals themselves.

#prince #press

WASHINGTON (AP) — The FBI has released a classified report to its workforce examining what it says are chapters from the bureau's history "where this institution fell short," according to an internal message obtained Friday by The ***** ociated Press.
It was unclear what episodes from the FBI's past are chronicled in the new "Patel Report." But the document's existence is in keeping with Director Kash Patel's frequent criticism of the leaders who preceded him as well as with his determination to rid the FBI of agents and other employees he contends have politicized the bureau in the past. Patel's critics, however, accuse him of politicizing the FBI.
Though Patel pledged at his confirmation hearing last year that he would not look "backward," he has encouraged investigation of former senior officials and has presided over waves of terminations, including of employees who participated in years-old investigations of President Donald Trump, were photographed taking a knee during a 2020 racial justice protest and contributed to a disputed ***** ytical memo about Catholic extremism.
"The Patel Report looks backward because accountability demands it," says a memo to the workforce signed by the FBI's co-deputy directors, Christopher Raia and Andrew Bailey, that describes the document as marking the "closing of one chapter in our history and the beginning of another complete with a brighter future ahead."
Bailey announced his resignation earlier this week, and his last day is Friday. The FBI declined to comment on the report.

#Friday #workforce #employees #backward

Airport security employees checking boarding passes and IDs will no longer be allowed to sit down while working, the Transportation Security Administration confirmed Tuesday.
All chairs are being removed from the travel document checker podiums at the entrance to checkpoints nationwide, the union representing the screeners said. The American Federation of Government Employees TSA Council 100 said it found out about the decision from its members and called it a “disregard for workers rights and safety.”
TSA defended the move, saying the document checkers are the first to interact with the traveling public and requiring them to stand will create a better experience for passengers.
“This welcome change reinforces both our security posture and our commitment to hospitality by having these officers on their feet and alert,” the agency said in a statement. “All officers must meet fitness for duty requirements to be capable of performing their vital national security function while simultaneously creating a welcoming and professional environment for travelers.”
The move comes nearly two months after TSA Administrator David ******* mins was confirmed to lead the agency.

#security #confirmed #document

Forgent Power Solutions, Inc. (NYSE:FPS) reported fiscal fourth-quarter revenue of approximately $462 million on September 15, up 94% year over year. Bookings reached $1.503 billion, increasing 375%, while backlog stood at $3.0 billion as of June 30, 2026.
The reported 3.3 times book-to-bill ratio compares quarterly bookings with quarterly revenue. Bookings and backlog are operating measures of order activity and outstanding contractual work, respectively. Neither represents cash collected, and backlog does not guarantee the timing of future revenue.
Forgent Power Solutions, Inc. (NYSE:FPS) expects fiscal 2027 revenue of $2.4 billion to $2.6 billion, implying 76% growth at the midpoint. The question is whether factories, employees, and working capital can support that expansion while preserving cash generation.
Forgent Power Solutions, Inc. (NYSE:FPS) already has evidence of stronger production economics. Fourth-quarter operating income reached $91.9 million, compared with $8.3 million a year earlier. Operating cash flow was $74 million, exceeding the quarter's $31 million of capital expenditures.
Those results suggest that rising output is beginning to cover the costs of expansion. Management attributed stronger profitability partly to revenue growing faster than operating costs as new campuses approached target production levels.

#operating #power #solutions #NYSE

You've been working for decades and are eagerly anticipating your retirement years, when you'll finally be free to do whatever you want — whether that's travel, golfing, hiking or volunteering.
But while you may be looking forward to ending your worklife, you may not have yet created a strong enough plan. A 2026 study from the Employee Benefit Research Institute, for instance, found that only half of retirees rated their household financial well-being as at least very good, while two in five said healthcare costs have been higher than they expected. Two in five also said their overall spending in retirement was more than they expected.
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The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes

#bezos

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The Securities and Exchange Commission (SEC) is seeking interviews with current and former Guggenheim Investments employees as regulators deepen inquiries into CEO Mark Walter's business.
The SEC is specifically looking at people who have managed insurance-company ******* et portfolios, sources familiar with the matter told Bloomberg. Some individuals contacted by the agency are hiring lawyers to help them respond to confidential inquiries.
The request for interviews suggests that regulators are continuing to scrutinize the billionaire's business empire despite public ******* urances from Guggenheim officials and TWG Holdings, Walter's holding company, that they are cooperating and working with the government on its inquiries.
Read Also:Deal Dispatch: Egg Maker Vital Farms Considers Sale, Blackstone Buys Flow Control, Kennedy Center Troubles

#regulators #securities

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A mind is a terrible thing to waste, but college is awfully expensive.
Depending on where someone goes to school, they can be left with a lot of debt — an albatross that can hang around their neck for decades. Among 401(k) plan participants in their 40s, those with student loan debt had median retirement account balances roughly 45% lower than those without, according to a new report from the Employee Benefit Research Institute.
The best option is to figure out scholarships, financial aid, debt timelines and what school makes financial sense before going to college. But that's not reality for many clients, leaving advisors to help fit student debt into a financial plan that balances both loans and savings. "The biggest mistake I see is treating student loans as an all-or-nothing problem," said Corinna Rose, a CFP with Bell Investment Advisors. "Many borrowers think they need to eliminate every dollar of debt before they can start investing."
Sign up for The Daily Upside at no cost for premium ******* ysis on all your favorite stocks.

#student #sign #many

Amazon (AMZN) has spent the bulk of 2026 giving investors tons to debate, from its growing cloud business to the enormous bill for its AI ambitions. Now, it's putting another spending decision in the spotlight, one that goes directly into workers' household budgets.
Amazon has announced more than $1.5 billion in higher pay for U.S. operations employees, alongside benefits aimed at everyday expenses.
For workers, the appeal is the obvious, immediate financial breathing room.
For Amazon, the calculation goes further. Keeping experienced employees helps the business built around getting orders to doorsteps a lot quickly. The details point to how Amazon is trying to make those interests meet, even as its broader efficiency push leaves questions about job security.
For perspective, Amazon's pay ******* p adds $2,080 to an eligible worker's annual earnings before taxes, ******* uming 40 paid hours weekly for 52 weeks.

#amazon #goes #employees #amzn

On September 4, RTX Corporation (NYSE:RTX) announced that its Pratt & Whitney business was investing $25 million to expand its manufacturing facility in Niepołomice, Poland.
The site produces complex tubular ****** emblies for both military and commercial engines. The expanded facility will begin operations in 2028 and create over 120 jobs.
Niepołomice already delivers precision components for several engines, including the F135, Pratt & Whitney GTF, and the PW800. The initiative complements the $100 million investment announced in April to boost production and enhance capabilities at the company's facility in Rzeszów, Poland.
The capacity expansion reflects the company's confidence in sustained demand for both commercial and military engine production over the coming years, which is supported by a record backlog of $289 billion at the end of Q2, increasing 22% year-over-year.
This further strengthens RTX Corporation (NYSE:RTX)'s manufacturing footprint in Europe, especially in Poland – which is already the company's largest presence outside the U.S. with more than 9,500 employees. The expansion will enhance its regional supply chain capabilities.

#Manufacturing

On September 9, 2026, Reuters reported that Meta Platforms, Inc. (NASDAQ:META) rolled out Muse, a long-touted AI agent that can autonomously send emails, sell a car, and book travel on a person's behalf, despite internal concerns among Meta's own employees that the technology mismanages access to sensitive personal data. The agent is modeled on the open-source system OpenClaw and available initially only in the U.S. through a dedicated app or WhatsApp. It is designed to access apps across email, calendar, payments, health, shopping, and smart-home categories as the centerpiece of CEO Mark Zuckerberg's "personal superintelligence" strategy.
Muse could give Meta Platforms, Inc. (NASDAQ:META) a new revenue stream beyond advertising by turning its massive user base into paying AI customers. The company launched Muse with a free tier and $20 and $100 monthly subscription options for heavier users. The agent can handle tasks such as sending emails, selling items, and booking travel. It gives Meta a direct way to monetize AI capabilities and diversify its revenue base.
The new AI agent could help Meta generate returns from its enormous AI infrastructure investment. Meta expects AI infrastructure spending to exceed $130 billion this year, increasing the importance of monetizing its AI capabilities. Meta can distribute Muse through WhatsApp and eventually connect it with smart glasses. It gives the company multiple ways to expand usage and build a broader consumer AI ecosystem.
Meta has strengthened Muse's safeguards before launching the product. It could support wider use. Meta delayed the launch from April to improve security and added an autonomous safety agent that monitors Muse's actions. Users can also control which apps Muse can access, while Meta plans an encrypted version. It gives the company a path to address security concerns as it expands the product.
Muse's security failures could damage consumer trust in a product that needs access to sensitive information. Internal testing uncovered an incident in which Muse exposed private iCloud photos. Employees also reported other security concerns. Such failures could discourage users from connecting email, payment, health, and other personal accounts, limiting subscription adoption and Meta Platforms, Inc. (NASDAQ:META)'s potential revenue from Muse.

#muse

Interested in Upexi, Inc.? Here are five stocks we like better.
Upexi strengthened its balance sheet and cut costs by extinguishing about $20 million of debt, refinancing at a lower 7.5% interest rate and reducing its workforce to 10 employees from 59.
The company held approximately 2.34 million Solana tokens worth $165.3 million at June 30, with 95% staked; the treasury generated $17.4 million in digital-asset revenue but incurred $195.1 million in unrealized and $11.7 million in realized losses.
Fiscal-year net loss widened sharply to $246.1 million from $13.7 million, while stockholders' equity fell to negative $53.8 million, largely due to digital-asset losses, higher interest costs and stock-based compensation.
Upexi (NASDAQ:UPXI) said it strengthened its balance sheet, reduced operating expenses and continued to build its Solana treasury during fiscal 2026, though declines in digital-asset values drove a substantially wider full-year net loss.

#digital #Solana #strengthened #costs

This story was originally published on Bisnow, the newsroom global commercial real estate reads first. To receive daily news and **** ysis, subscribe to Bisnow's free suite of newsletters.
The following article is a collaboration between Bisnow and business tech publication IT Brew.
It was Thanksgiving week in 2022 — a time when most employees are hard to find, let alone critical pieces of data center power infrastructure. And Kurt Bogle needed a transformer.
Bogle, then a senior regional director of critical facilities operations at NTT Global Data Centers, oversaw seven operational buildings around Chicago and Virginia and a staff of about 150 people. After a transformer failed a test, Bogle had to find a replacement and coordinate a swap with the on-site managers — all without disrupting service.
Thankfully, Bogle found a spare, but his experience illustrates the importance of systems thinkers at data centers who know how to acquire the resources necessary to maintain data centers' high uptime expectations. Given supply chain limitations and a steady build-out of data centers, such expertise is more crucial than ever — and there are signs a labor shortage is underway, threatening Big Tech's artificial intelligence ambitions and the reliable operation of mission-critical facilities.

#data #critical

Elon Musk's ***** eX has been talking, internally, about buying the leftover customer files of startups that already went under. Not licensing data from companies that are still operating and can say no. Buying the digital estate of companies that no longer exist to say anything at all.
The discussions are happening inside ***** eXAI, the artificial intelligence division born in February when ***** eX merged with xAI. People familiar with the talks told Bloomberg they're informal and might go nowhere. But the idea makes sense from the perspective of an AI lab racing for the frontier.
The goal is basically cheap fuel for Grok. AI models learn from training data—the text, code, and records an algorithm studies to get better at predicting what comes next—and the good stuff, real business records instead of scraped web pages, is getting expensive. A dead company's file cabinet is apparently a bargain by comparison.
Google already did the same. The search giant paid $10 million in a bankruptcy auction for the internal records of Spirit Airlines, the discount carrier that shut down for good this year. They got around 100 million emails, 500 million Microsoft Teams messages, decades of employee files, all headed into an AI training pipeline.
That data belonged to real employees who signed up for a job, not an AI experiment. A flight attendants' union objected in bankruptcy court, arguing that scrubbing names off records—what companies call "de-identifying" data—doesn't stop someone from piecing together who said what in a decade of internal chats. The court fight is still ongoing.

#million #buying #still #training

Warren Buffett may no longer be CEO of Berkshire Hathaway, but he's not likely to soon be forgotten.
He remains executive chair of the company, and the lessons he taught his employees and the rest of the world will surely last for generations. Buffett also left his mark on Berkshire Hathaway's massive stock portfolio, which is valued today at roughly $363 billion.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Under his leadership, the conglomerate initiated positions in a number of stocks that could remain in the portfolio for decades. Two of those stakes alone now earn the company roughly $1.44 billion in combined annual dividends.
The iconic consumer beverage company is the longest-held stock position in Berkshire's portfolio.

#flashing

In late 2022, OpenAI released ChatGPT, and within months the bottom rung of the tech-industry career ladder started to disappear. Graduates who majored in computer science and other AI-exposed fields are increasingly missing out on the jobs they trained for, and a chunk of them are landing behind restaurant counters and retail registers instead, according to two Census Bureau papers.
An April 2026 Census paper tracked matched employer-employee records and found that hiring of workers ages 22 to 24 fell sharply in the industries most exposed to AI, while hiring in less-exposed industries held steady. Employment for early-career workers in the most AI-exposed fifth of industries dropped 12% over the ten quarters after ChatGPT's release. Lee Tucker, one of the coauthors of the paper, said "the decline in hires is the primary cause" of that rate of unemployment, not people losing jobs they already had.
That mattered most for one type of graduate. The most AI-exposed industries, Tucker found, cluster heavily around software and information-technology work, which are the very fields computer science and other highly AI-exposed majors are built to feed into.
A second paper from last week, also coauthored by Tucker, follows the graduates of the most AI-exposed decile of college majors. Their odds of holding a job one quarter after graduation fell by five percentage points, and full-quarter initial earnings dropped 13% following ChatGPT's release. A 13% earnings decline is roughly the size economists would expect from graduating into a severe recession—except there wasn't one, since the rest of the labor market held up fine.
Young grads still need to work and still have jobs, even if they've received highly exposed degrees. So the decline in earnings is less about a lack of employment and more about pursuing lower-wage occupations to make ends meet.

#graduates

BILLINGS, Mont. (AP) — Killing endangered animals while logging a forest or building a dam would not be considered illegal unless the animals were specifically targeted, under a new interpretation of the Endangered Species Act by President Donald Trump's administration that marks a sea change in how the landmark environmental law is enforced.
A directive sent to U.S. Fish and Wildlife Service employees this week says imperiled animals or plants must be intentionally targeted for their killing to be considered illegal.
That's a sharp turnaround from past practice at the wildlife service, which historically held people liable even for accidentally harming protected species such as grizzly bears, manatees and spotted owls.
Experts said the change would allow timber companies to log forests in the Pacific Northwest even if they knew that doing so could kill imperiled birds nesting in the trees, or for developers to build a dam knowing it would kill salmon.
"This cuts against the entire history of the Endangered Species Act," said Dan Ashe, who led the Fish and Wildlife Service under former President Barack Obama.

#species #president #killing

Circle Internet Group, Inc. (NYSE:CRCL), issuer of the dollar-backed USDC stablecoin, announced on September 8 an agreement to acquire Singapore-based Tazapay, which serves payment providers and financial institutions.
Circle Internet Group, Inc. (NYSE:CRCL) agreed to pay approximately $400 million in Class A common stock, subject to adjustments for debt, cash, and transaction expenses. Separately, the agreement provides for $25 million of post-closing employee restricted stock unit awards.
As of July 31, 2026, Tazapay had more than $25 billion of annualized payment volume, over 60 banking and fintech partners, and payout capabilities across more than 100 markets. Approximately 60% of transaction volume involves stablecoins; USDC's share was not specified. Payment volume represents funds processed, not revenue.
Closing is expected in 2027, subject to customary conditions and regulatory approvals, including approval from the Monetary Authority of Singapore.
Tazapay would strengthen the connections between digital dollars and local bank payments. Within the Circle Payments Network, originating institutions can convert funds into stablecoins for settlement, while receiving institutions convert them into local currency and pay recipients. Merchants can benefit without requiring every customer or supplier to hold tokens.

#tazapay

The financial unraveling of Jon Venetos' Lurin Capital is now the subject of a Federal Bureau of Investigation probe.
An email sent to an investor from the FBI's Dallas Division shared with The Real Deal revealed that the agency has opened an investigation into Venetos, Lurin Capital and **** ociated entities. The note provided an email address through which victims can provide comments and ask questions: LurinVictimsfbi.gov.
The Real Deal also obtained a public link to an FBI form **** led "Lurin Investigation Questionnaire" seeking information from "possible victim" investors. The form asks for details about investors' contributions and any distributions received.
The company's downfall has been punctuated by claims of fraudulent dealings from lenders and former Lurin employees. Keybank accused Venetos of transferring $25,000 from his accounts with the bank to a personal account. Vista Bank accused him of falsifying account statements from the lender in an attempt to take out loans elsewhere.
In addition, a former employee who worked in property management and asked to remain anonymous claimed Lurin lied on reimbursement requests to lenders by inflating costs of repairs and submitting invoices for work that wasn't done.

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