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Showing posts from May, 2025

JPMorgan Chase CEO Jamie Dimon says he wouldn't count on China folding under Trump's tariffs: 'They're not scared, folks.'

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JPMorgan Chase CEO Jamie Dimon spoke at the 2025 Reagan National Economic Forum on Friday. Noam Galai/Getty Images Jamie Dimon spoke at the 2025 Reagan National Economic Forum on Friday. Dimon said he hoped the US could "get our own act together" amid the US-China trade war. Trump said China "violated" its trade agreement with the US this week. JPMorgan Chase CEO Jamie Dimon said the United States needs to get its act together on trade — quickly. Dimon discussed the ongoing tension between the United States and China on Friday at the 2025 Reagan National Economic Forum, where he led a fireside chat. When asked what his biggest worry was right now, Dimon pointed to the shifting global geopolitical and economic landscape, including trade. "We have problems and we've got to deal with them," Dimon said before referring to "the enemy within." Addressing the "enemy within," he said, includes fixing how the United States approa...

Twitch plans to start testing the ability to host a vertical livestream and rolls out an open beta of 2k streaming, letting creators stream at 1440p (Jay Peters/The Verge)

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Jay Peters / The Verge : Twitch plans to start testing the ability to host a vertical livestream and rolls out an open beta of 2k streaming, letting creators stream at 1440p   —  The platform is also launching an open beta of higher-quality streams. … Twitch is announcing a bunch of updates at TwitchCon Europe … from Techmeme https://ift.tt/IQl1LFZ

AI is upending the job market, even at AI companies

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The Anthropic logo is displayed on a smartphone screen. Rafael Henrique/SOPA/Getty Images AI's impact is affecting entry-level engineering roles. Anthropic CPO Mike Krieger said the company is focused on hiring more experienced employees instead. Anthropic's CEO, meanwhile, has warned that AI could eliminate 50% of entry-level jobs. Anthropic CPO Mike Krieger , who also cofounded Instagram, says the job market is going to be tough for new grads. Krieger told The New York Times' "Hard Fork" podcast on Friday that Anthropic is focused instead on hiring experienced engineers. He said he still has "some hesitancy" with entry-level workers. To some extent, that's a reflection of Anthropic's internal structure, which doesn't yet support a "really good internship program," Krieger said. Internships have long been the golden ticket to lucrative entry-level tech jobs. But it also shows how AI is upending the labor market, even a...

Share of news influencers on Bluesky has doubled after the 2024 US election to 43%, but X remains popular, with 82% of news influencers maintaining an account (Pew Research Center)

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Pew Research Center : Share of news influencers on Bluesky has doubled after the 2024 US election to 43%, but X remains popular, with 82% of news influencers maintaining an account   —  The Pew-Knight Initiative supports new research on how Americans absorb civic information, form beliefs and identities, and engage in their communities. from Techmeme https://ift.tt/oJkbPQ7

Costco CEO explains how the chain kept prices low as tariffs and egg costs hit retailers hard

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Customers exit a Costco Warehouse in Pennsylvania. Gene Puskar/AP Costco rerouted some imports and found US-made alternatives in the wake of tariffs, executives said. The chain also dealt with higher butter and egg costs by taking a profit-margin hit on some items. Costco tracks key commodity prices "daily, and if not hourly," its CEO said. Shoppers have faced higher prices due to tariffs and bird flu this year. Costco, meanwhile, has worked to avoid price hikes on many items thanks to a multi-pronged approach, executives said during the retailer's third-quarter earnings call on Thursday. As the threat of tariffs became real during the quarter, which included President Donald Trump's " Liberation Day ," Costco brought in some merchandise for summer earlier than usual and purchased more US-made inventory, CEO Ron Vachris said during the call. The chain also rerouted some goods it had already purchased for its US stores to its locations abroad i...

Sources: TSMC is evaluating building a "gigafab" in the UAE and has discussed the possibility with MGX and officials in the Trump administration (Bloomberg)

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Bloomberg : Sources: TSMC is evaluating building a “gigafab” in the UAE and has discussed the possibility with MGX and officials in the Trump administration   —  The company has had multiple meetings in recent months with Steve Witkoff, the US special envoy to the Middle East, and officials from MGX … from Techmeme https://ift.tt/lizwN2a

Airbnb CEO Brian Chesky lays out the 3 key differences between founders and managers

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Airbnb CEO Brian Chesky compared founders to biological parents. Christian Hartmann/Reuters Airbnb CEO Brian Chesky revealed three big differences between founders and managers. He compared founders to parents, saying they have unique knowledge of their business baby. Chesky also shared the two biggest risks for founders, drawing a lesson from Steve Jobs . Airbnb CEO Brian Chesky knows firsthand what founders alone bring to the table — and what they lack. In an interview on " The Diary of CEO " podcast, Chesky revealed the three crucial attributes he thinks founders have that managers don't. He says they have a unique love for the business as a company's "biological parent," they have "permission" to make big changes, and they know their metaphorical business baby better than anyone. "You can love something, but when you're the biological parent of something, it came from you, it is you," Chesky, who cofounded and built up...

6 easy ways to upgrade a box of brownie mix, from a former pastry cook

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Although I think boxed brownie mixes are pretty close to perfect, there are a few simple ways I'd upgrade them. iStock As a pastry cook, I've learned tips that can take boxed brownie mixes from OK to extraordinary. To upgrade boxed brownies, I'd add some extracts or salty snacks to the batter. Coffee and extra chopped chocolate pieces can also make brownies even tastier. Years ago, I left my job in sales and social media to become a pastry cook in Charleston, South Carolina. Although I'm no longer in the field, I still use some of the skills and tricks I used for preparing and upgrading desserts . When it comes to brownies, I actually think that boxed mixes are close to perfect (especially when late-night chocolate cravings hit). However, there are a few simple ways I'd amp them up. Switch up your baking vessel for unique results. A skillet brownie can be fun to serve at a party. rudisill/Getty Images Most boxed brownies will call for a metal or...

Adam Mosseri says Instagram now supports photos with a 3:4 aspect ratio, ensuring that photos appear as they were originally shot, without cropping (Jay Peters/The Verge)

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Jay Peters / The Verge : Adam Mosseri says Instagram now supports photos with a 3:4 aspect ratio, ensuring that photos appear as they were originally shot, without cropping   —  The social network now supports photos with a 3:4 aspect ratio. … Instagram now supports photos that have a 3:4 aspect ratio … from Techmeme https://ift.tt/kmCIAVF

The best queen mattress sales and deals in May 2025

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When you buy through our links, Business Insider may earn an affiliate commission. Learn more The best queen mattress sales come from editor-favorite brands like Casper and Nectar. Casper;Nectar/Business Insider You shouldn't rush a mattress purchase. After all, the bed we sleep on affects our mood during the day just as much as the quality of our sleep at night. But that doesn't mean you have to spend thousands of dollars. In fact, the best queen mattress sales happening now can help you upgrade your bed on a budget. Memorial Day is over, but plenty of our favorite mattress brands are keeping the festivities going by extending their sales past the holiday. With significant markdowns available on foam, hybrid, and organic mattresses, you'll be able to find a good deal no matter your preference. If you're ready to upgrade your bed but don't know where to start, read our full best mattress guide to learn more about our favorites. Ahead, find the best queen ma...

Rillet raised a $25M Sequoia-led Series A and has added ~200 customers, including Windsurf, since debuting an AI tool in 2024 to automate general ledger systems (Marina Temkin/TechCrunch)

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Marina Temkin / TechCrunch : Rillet raised a $25M Sequoia-led Series A and has added ~200 customers, including Windsurf, since debuting an AI tool in 2024 to automate general ledger systems   —  For accounting departments, no software is more important than the general ledger system.  It's the central hub that summarizes … from Techmeme https://ift.tt/uRdrQsz

2 reasons BlackRock sees upside ahead for one beaten-down corner of the stock market

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Brian van der Brug / Los Angeles Times via Getty Images BlackRock is betting there's upside ahead for renewable and clean energy stocks. Energy demand will make clean energy essential for the US. Risks related to tariffs and policy are priced into the market, the firm said. US clean energy might seem an early victim of policy shifts and funding cuts, but BlackRock says its still a key source of power and an area of the stock market that could rise. Even with renewable power facing heightened scrutiny from the Trump administration, coupled with the erosion of tax benefits in the congressional reconciliation bill, two things should keep investors interested in the space. First, energy demand isn't ebbing , and clean energy will be needed more than ever. "The US likely needs more of all kinds of energy to meet AI's needs ," BlackRock wrote in a note on Tuesday. "Industry projections see US data center electricity consumption rising between 50% and ...

Sources: Neuralink raised $600M at a $9B pre-money valuation; PitchBook: the company was valued at $3.5B in late 2023 (Liz Hoffman/Semafor)

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Liz Hoffman / Semafor : Sources: Neuralink raised $600M at a $9B pre-money valuation; PitchBook: the company was valued at $3.5B in late 2023   —  THE SCOOP  —  Elon Musk's Neuralink raised $600 million in a deal that values the brain-mapping company at $9 billion before the new cash, people familiar with the matter said. from Techmeme https://ift.tt/y8KAvx3

People are using ChatGPT for unsparing assessments of their looks, with many also asking the chatbot to create plans to "glow up" their appearance (Tatum Hunter/Washington Post)

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Tatum Hunter / Washington Post : People are using ChatGPT for unsparing assessments of their looks, with many also asking the chatbot to create plans to “glow up” their appearance   —  Friends want to protect your feelings.  AI isn't pulling any punches.  —  Ania Rucinski was feeling down on herself. from Techmeme https://ift.tt/zmkcivo

How to watch the French Open: Live stream the 2025 tennis tournament free from anywhere

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When you buy through our links, Business Insider may earn an affiliate commission. Learn more Carlos Alcaraz during the 2024 French Open final. Lisi Niesner/REUTERS The second Grand Slam of the year has arrived, and it brings the top competitors from the ATP and WTA to the clay courts of Roland-Garros. We've compiled everything you need to know about how to watch the French Open, including free streaming options. Reigning champions Carlos Alcaraz and Iga Świątek will attempt to defend their titles against stiff competition. The pair has already breezed through their respective first-round matches. Alcaraz sits at No. 2 behind Jannik Sinner in the ATP rankings, having reclaimed his second-place spot with an Italian Open victory earlier this month. No. 3 Zverev, who fell to Alcaraz in the Final last year, is among those looking to go all the way. Novak Djokovic is also in the mix, with three French Opens already to his name, the most recent of which came in 2023. Świątek, who ...

A database tracking instances where lawyers got caught presenting AI hallucinations shows that, of 116 cases dating back to June 2023, 20 occurred this month (Simon Willison/Simon Willison's Weblog)

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Simon Willison / Simon Willison's Weblog : A database tracking instances where lawyers got caught presenting AI hallucinations shows that, of 116 cases dating back to June 2023, 20 occurred this month   —  AI Hallucination Cases (via) Damien Charlotin maintains this database of cases around the world where a legal decision … from Techmeme https://ift.tt/fU1Y4Sb

Where to watch Pacers vs. Knicks: Live stream Game 3 of the NBA Eastern Conference Finals

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When you buy through our links, Business Insider may earn an affiliate commission. Learn more Tyrese Haliburton of the Indiana Pacers shoots a game-tying shot to send the game to overtime in the fourth quarter against the New York Knicks in the 2025 NBA Eastern Conference Finals. Brad Penner/IMAGN IMAGES via Reuters Connect The NBA's Eastern Conference Finals head to Indiana for Game 3. We've put together everything you need to know about where to watch the Pacers vs. Knicks, including live streaming options for the rest of the Playoffs. The No. 4 Indiana Pacers lead the overall series 2-0 over the No. 3 New York Knicks. Both of the first two games, which took place at Madison Square Garden, were tight match-ups that saw the Pacers lag in the first half before catching up in the second. Game 1 went into overtime, with a final score of 138-135. While Game 2 was able to stay within the confines of the four quarters, it was still a close one, with Indiana ultimately pulling ...

Mike Johnson dismisses concern over Trump's private meme coin dinner, says the president does 'everything out in the open'

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House Speaker Mike Johnson is a key ally of President Donald Trump. Tom Williams/CQ-Roll Call, Inc via Getty Images Mike Johnson on Sunday brushed off concerns over Trump's recent meme coin dinner. Johnson told CNN he didn't know details about the dinner but said Trump was transparent. "He has nothing to hide, and he's out there trying to advance America's interests," Johnson said. House Speaker Mike Johnson brushed off concerns on Sunday about President Donald Trump 's private meme coin dinner, arguing that the president does "everything out in the open." While speaking with CNN's Jake Tapper, Johnson said he had no knowledge of the private dinner, which raised concerns from some lawmakers over conflicts of interest and whether attendees were seeking to sway Trump on cryptocurrency policy. When Johnson was asked about the lack of disclosure regarding the list of attendees at the meme coin dinner , the speaker said the president ha...

Google expands Veo 3 availability to 71 additional countries, and Gemini Pro subscribers now get a trial pack of 10 Veo 3 generations on the Gemini web app (Matthias Bastian/The Decoder)

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Matthias Bastian / The Decoder : Google expands Veo 3 availability to 71 additional countries, and Gemini Pro subscribers now get a trial pack of 10 Veo 3 generations on the Gemini web app   —  About 100 hours after its initial launch, Google is opening up its AI video model Veo 3 to users in 71 additional countries. from Techmeme https://ift.tt/sCAd9J5

A profile of Zach Witkoff, World Liberty Financial co-founder and son of Trump's Middle East envoy, who is pursuing crypto deals with countries like Pakistan (Wall Street Journal)

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Wall Street Journal : A profile of Zach Witkoff, World Liberty Financial co-founder and son of Trump's Middle East envoy, who is pursuing crypto deals with countries like Pakistan   —  While Steve Witkoff travels the world as Middle East envoy, his son Zach is pitching foreign deals for his cryptocurrency venture with the Trumps from Techmeme https://ift.tt/7xPQSuA

Read the letter a senator sent to Spotify after BI found 200 fake podcasts on the platform peddling opioids

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Sen. Maggie Hassan has asked Spotify about its moderation policies after a BI investigation. Evelyn Hockstein/Pool via AP Sen. Maggie Hassan is demanding answers from Spotify over fake podcasts that pushed opioids. In a letter, Hassan asked Spotify to "take action" on the phony content. Hassan's letter comes after a BI investigation found 200 podcasts on Spotify peddling opioids. A senator is demanding answers from Spotify about its handling of fake podcasts that promoted opioids and other prescription drugs. In the wake of a Business Insider investigation that found 200 phony podcasts on Spotify advertising the sale of pills, often without a prescription, Sen. Maggie Hassan of New Hampshire urged the digital music and podcast company to moderate its content better. Some of the podcasts were removed after BI previously flagged them to Spotify. "I urge you to take action to prevent fake podcasts that facilitate the illicit sale of drugs — including those...

Despite Google's guardrails, Veo 3 users are generating realistic clips of news, disasters, and fictional events, some with dialogue not included in the prompt (Allison Johnson/The Verge)

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Allison Johnson / The Verge : Despite Google's guardrails, Veo 3 users are generating realistic clips of news, disasters, and fictional events, some with dialogue not included in the prompt   —  Cursed AI-generated videos come with very convincing audio now. … Even at first glance, there's something off about the body on the street. from Techmeme https://ift.tt/WxDdukS

McDonald's shuts down its spin-off, CosMc's, after less than 3 years as sales lag

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McDonald's announced that it is closing its spin-off, CosMc's. Scott Olson/Getty Images McDonald's is closing its CosMc's spin-off drink shops. CosMc's, which launched in 2023, drew comparisons to coffee shops like Starbucks and Dunkin Donuts . McDonald's sales declined this year amid economic uncertainty. McDonald's announced on Friday that it is closing its CosMc's spin-off line of Starbucks-style drink shops. McDonald's CEO Chris Kempczinski said in the company's last earnings call that drinks from CosMc's would be introduced to "hundreds of McDonald's restaurants" in the future. "In connection with this next phase of testing, we will begin closing all stand-alone CosMc's pilot locations in late June, and the CosMc's app will be discontinued," a McDonald's spokesperson told Business Insider. When it opened in 2023, CosMc's drew  comparisons to Starbucks . Its menu included coffees, teas,...

I moved in with my 81-year-old grandmother during college. It was exactly what I needed.

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The author (right) and her grandmother. Courtesy of the author In 2002, I moved in with my grandmother while going to college. She was 81 and I was 19, and it was the perfect setup for both of us. We loved having each other to have dinner with and chat with at the end of the day. When I told my parents that I had been accepted to Bath University in the UK, they quickly said there was no way I was going. Their logic was simple: They knew I was chasing after a high school boyfriend who wasn't right for me and that I wouldn't love living in Bath by myself. Knowing I needed a little freedom from living in São Paulo, they suggested I move to Argentina , where I'm originally from, for college. After that, I could decide what to do next. There was only one caveat — I had to live with my 81-year-old grandmother. They didn't think I was ready to live by myself in a big city, and I also had no way of paying for rent. I was already close to my grandmother My maternal...