COMMENT: Marty, despite being repeatedly advised to disregard your work, I distinctly remember your 2020 call that we were entering the most hated bull market in history. No other analyst I know can match your predictive track record—which, I suspect, is precisely why you face so much opposition. Any media outlet that refuses to host you only reinforces its own lack of credibility. I’ve attached an AI-generated comparison between you and Jim Cramer. What stands out most is that your analysis is never rooted in personal opinion; it remains strictly objective. In that regard, you captured the very essence of…
Author: Staff Writer
The buy now, pay later fintech company Klarna wants to become a real bank. The Swedish company just announced its plans to establish a U.S.-based subsidiary known as Klarna Bank USA. If approved, the FDIC-backed bank would set up shop out of Utah. “Banking is built on trust,” Klarna CEO and co-founder Sebastian Siemiatkowski said in the announcement. “We’ve seen firsthand the appetite for a fairer, more transparent approach in the U.S., and our own banking license is the natural next step.” With a proper bank, Klarna says it can give users tools to “borrow responsibly” and build their financial…
The Taylor Swift wedding has an AI slop problem. Swift reportedly tied the knot with football star Travis Kelce on July 3 at New York City’s Madison Square Garden, joined by a massive entourage of celebrities including (to name just a few) Ed Sheeran, Gigi Hadid, Jack Antonoff, Tom Hanks, and former Disney CEO Bob Iger. Despite the undoubtedly star-studded guest list, no official photos of the wedding have been released, which, according to Variety, is a result of the couple’s watermarked, digital invites that came with NDAs. But that doesn’t mean that photos of the nuptials haven’t been circling…
With their numbers already in decline, secretaries and administrative assistants face another growing threat: artificial intelligence tools like ChatGPT and Claude that can accomplish aspects of their workload with a tap.Employment projection data offers a grim outlook for the women-dominated profession that may be particularly vulnerable to AI-induced job displacement compared to the broader workforce. But some admins are embracing the technology — and even using it as a tool to get ahead.Deanna Danger, 43, has worked in an administrative role since 2003. She says adapting and staying ahead of the curve is a key part of her constantly-changing role,…
U.S. President Donald Trump intervened on behalf of star U.S. forward Folarin Balogun, whose red-card suspension was lifted in a decision that allows him to play in a World Cup match against Belgium on Monday.Balogun, the American leader with three goals in the tournament, received a red card for stepping awkwardly on the right ankle of Tarik Muharemović of Bosnia-Herzegovina in a 2-0 round of 32 win on Wednesday, triggering an automatic one-game suspension.FIFA announced Sunday that the suspension had been lifted for the round of 16 match, an extraordinary move that triggered praise from Trump and outrage from Belgium’s…
What’s your number? This is the first question I ask when considering a new hire. I expect those I ask to know what it costs for them to live—not just to survive, but to thrive. I start with this question because it gives me a chance to understand a prospective employee’s expectations and needs, and to assess my ability to meet them. Since 2018, I have worked with close to 2,000 high school students, providing them with paid summer work experience. Most had never considered their number before. I also mentor many young Gen Zers who are now finishing college…
A shampoo manufacturer has initiated a nationwide recall of two of its products due to concerns that the shampoos may be contaminated with a drug-resistant bacterium that could harm users. Here’s what you need to know about the shampoo recall and the bacterium at the center of it. What’s happened? Last week, the consumer products company, Kao USA Inc., announced a voluntary recall of two products made by its subsidiary Oribe, which makes various haircare products, including shampoos and conditioners. One day after Kao announced the recall, the US. Food and Drug Administration (FDA) posted the recall notice on its…
Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. Mark Bertolini is no stranger to scale. When he was CEO of Aetna, he helped orchestrate the health insurer’s 2018 sale to CVS Health for $69 billion. In 2022, he became co-CEO of the hedge fund Bridgewater, which had $168 billion in assets under management…
“The engine that we have now could have probably taken seven years and up to half a billion dollars,” Stan Rudenko tells me over a video call from Abu Dhabi. “In our collaboration, it basically took half a year . . . and we already have a first version. It’s mind-blowing.” Rudenko is the CEO of Aspire Space Technologies, and the collaboration he’s talking about is with Leap 71, a Dubai-based computational engineering startup founded by the aerospace engineer Josefine Lissner and the entrepreneur Lin Kayser. They have formed an almost sci-fi alliance: A team staffed by the legends of…
One of the most frustrating things I hear from leaders is, “We had a great strategy, but just couldn’t execute it.” Clearly, if it was a great strategy, you would be able to execute it. If you couldn’t, you made bad assumptions about your capabilities, the competition, the marketplace, or something else. This is related to an insight from the philosopher Ludwig Wittgenstein. He argued that we cannot have a private language that exists only inside our own minds. Unless we can express an idea in a public context, it remains little more than a feeling that we have not…