In the 1990s, companies that hoped to change the world using newfangled computer technology took off. Wall Street invested in some of them big time, and their stock market valuations ballooned before they showed evidence of delivering on their promises. Sound familiar? In this episode, a cautionary tale for the era of AI. Plus, film jobs leave L.A. and New York, Netflix doubles down on video game investments and small businesses’ pricing power is kinda lumpy.
Breaking Ground: The plants were there first
Breaking Ground: A visit to the “Silicon Desert”
Keep on truckin’
A looming deadline for student loan forgiveness
GDP grows more slowly than expected
Clock starts on TikTok ban
The business cycle is getting less cyclical
A new spin on the yard sale
It’s a good time to be an asset owner
Steel tariffs déjà vu
Slow and steady global growth
Playing an economic guessing game
The subminimum wage for tipped workers is on the table
The ECB could beat the Fed to rate cuts
Hear that? That’s the sound of millions of Americans dusting off their ACs.
Copper prices are climbing
Messaging matters
Cool your jets! Hold your horses! Slow your (manufacturing) roll!
The right to disconnect
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