On July 4, 2025, 28 people died in a catastrophic flood at Camp Mystic, an all-girls Christian summer camp in Texas. Two teenage counselors, 25 campers, and the camp’s co-executive director all died in the disaster, being trapped in floodwater when the nearby Guadalupe River reached a height of 37 feet in only an hour. Nearly a year later, Camp Mystic’s owners are filing for bankruptcy following a state investigation and a failed attempt to reopen the camp. In their court filing, the camp’s operators revealed that Camp Mystic’s total debts were between $10 million and $50 million, while its…
Author: Staff Writer
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 613.41 points or -0.88% to 69,174.97 • Shanghai increased 4.562 points or 0.11% to 4,110.813 • Hang Seng increased 75.90 points or 0.33% to 23,412.18 • ASX 200 increased 21.40 points or 0.24% to 8,808.40 • SENSEX increased 790.54 points or 1.04% to 76,991.22 • Nifty50 increased 197.55 points or 0.83% to 24,021.65 The major Asian currency markets had a mixed day today: • AUDUSD decreased 0.00142 or -0.21% to 0.69020 • NZDUSD decreased 0.00157 or -0.28% to 0.56523 • USDJPY increased 0.205 or 0.13%…
LastPass, a password manager maker, is informing customers of a recent security breach at third-party market intelligence platform Klue, and how it impacts its customers, according to a recent blog post. A subsidiary of Boston-based LogMeIn, LastPass, which creates and stores complex passwords in encrypted wallets, is one of several cybersecurity companies affected by the Klue hack, which includes Gong, Jamf, HackerOne, Insurity, OneTrust, Recorded Future, Snyk, Sprout Social, and Tanium, per TechCrunch. Here’s what to know. What happened? On June 12, Klue informed LastPass of the data breach, and upon immediately launching an investigation, learned that “an unauthorized actor was able to obtain OAuth tokens Klue held for many of its customers, including LastPass.” Klue’s platform integrates with both Salesforce and Gong systems. The…
As I move from a CMO role into a CEO role, I’ve realized that the transition isn’t as unconventional as some expect. The modern CMO role has become one of the broadest leadership assignments in the C-suite. Yet the transition still surprises more conventional business thinkers because many still picture marketing as campaigns, messaging, and advertising, rather than enterprise strategy. Spencer Stuart research shows that the most common path to the CEO seat is operations, followed by finance and sales. Modern leadership requires integration across all of them, plus fluency in trust, technology, culture, and storytelling. There is one exception…
America, we have a problem. This is one judge who went out of her was to rule against Trump desperate to find not law, but an opinion that is a disgrace to the nation and she should be removed from office as a national security threat. In an order issued Wednesday, U.S. District Judge Denise L. Casper wrote that federal law and the Constitution give power to a president to manage elections. “Our Constitution vests control over federal elections in the States, subject to some oversight by Congress.” She added: “While the Constitution vests the President with ‘executive power’ and…
Lime, the Uber-backed electric scooter and bike sharing startup, has applied to list on the Nasdaq stock exchange. The company aims to raise $181.9 million, potentially valuing it at $1.8 billion. After nearly five years of teasing the move, Lime–formally known as Neuron Holdings–plans to sell nearly 7 million shares of its common stock. The expected IPO price is between $24 to $26 per share. Despite its presence in 230 cities and steady revenue growth, Lime has reported net losses each year since its founding in January 2017. The company now reports $845.8 million due in the next 12…
On Tuesday night, 32-year-old political newcomer Darializa Avila Chevalier defeated five-term democratic Congressman Adriano Espaillat, of New York’s 13th District, in New York’s primary election. The upset was stunning, especially given that Avila Chevalier was essentially unknown until less than a month ago when Mayor Zohran Mamdani lent his support to her campaign. Mamdani had previously backed Espaillat, but pivoted in the final stretch. “She is the daughter of a single mom case worker and she grew up with a commitment to the very people that politics have left behind,” Mamdani said while seated beside Avila Chevalier just three weeks…
New York City Mayor Zohran Mamdani waded into Democratic U.S. House primaries to boost three progressives over establishment-backed candidates. All of them won Tuesday, defeating two incumbents and essentially ensuring that two self-described democratic socialists will be elected to Congress in their deep blue districts.The mayor said it was a question of electing “better Democrats” who would “put working people back at the heart of politics.” The approach consternated some in Democratic leadership, but the outcome showcased Mamdani’s rising influence.Elsewhere Tuesday, two opposing factions of the artificial intelligence industry spent millions on a House race that became a proxy fight…
Amazon just shut down its AI leaderboard tracking internal token usage. The gamification was driving more AI-powered tasks but fewer useful results. “Please don’t use AI just for the sake of using AI,” the Amazon SVP instructed his staff. Amazon is not alone. Uber blew past its 2026 artificial intelligence coding budget in just four months. Google’s CEO, Sundar Pichai, revealed that the company’s token usage has grown sevenfold in a year. Many companies including Meta, Microsoft and Salesforce are reportedly pushing to limit token usage. It’s unsurprising what happens when you set the wrong incentives: You get the wrong…
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. When Mike Cessario worked at creative agencies such as VaynerMedia and Crispin Porter + Bogusky (now Crispin), he observed how many corporate clients came to those firms to solve problems with their brands. “It was always like, ‘We have a perception problem’ or ‘Something’s not working,’” he recalls. So, when Cessario started Liquid Death, a beverage company, he was attuned to how marketing would drive every…