The K-shaped economy strikes again. A new report from the Fair Isaac Corp. (FICO), creator of the credit score most lenders use, shows that the average American’s FICO score is now down to 714—a two-point decline over the course of the last year. The current slide in U.S. credit scores began in 2023, when the government ended the temporary pandemic-era freeze on student loan collection. Missed mortgage payments have also ticked up some, contributing to the slide in credit scores. Prior to the latest report, the average American’s credit score had already dropped to 715 between 2024 and 2025, which…
Author: Staff Writer
Video game maker Epic Games, the creator of Fortnite, announced on Tuesday that it is laying off 1,000 employees, or about 20% of its workforce. (In 2023, Epic cut 830 jobs, or 16% of its workforce at that time, per Variety.) “I’m sorry we’re here again,” Epic Games CEO Tim Sweeney said in a note to Epic employees, which the company posted on X. “The downturn in Fortnite engagement that started in 2025 means we’re spending significantly more than we’re making, and we have to make major cuts to keep the company funded.” “This layoff, together with over $500 million of…
While Transportation Security Administration agents are not being paid due to the partial government shutdown, some airlines don’t believe members of Congress deserve special treatment when traveling. Delta Air Lines just suspended its “specialty services” perk for U.S. Senators and Representatives amid the shutdown that has left TSA workers without paychecks for more than a month. “Due to the impact on resources from the long-standing government shutdown, Delta will temporarily suspend specialty services to members of Congress flying Delta,” the airline said In a statement to CNBC, noting that next to safety, its top priority is “taking care of our…
Amid the partial government shutdown, at least 61,000 Transportation Security Administration (TSA) agents are going without pay. Regardless, the employees, who are considered essential workers, have to continue showing up to work, despite not earning an income. And over 3,000 agents—over 10% of the total agency—aren’t showing up to work at all. The situation has caused major financial strain for agents who work in an already demanding job that doesn’t seem to have a safety net. Now, they’re caught in the middle of a political battle that’s caused historic chaos and dysfunction in airports across the country: terminals are standing…
During a lunch with my friend Kurt at the Chicago Club—one of those quietly elegant institutions where history sits comfortably in the room—I arrived with a question. It was one that could only be asked by someone trying to understand the United States from outside its horizon. Kurt’s surname carries enough S’s and K’s to suggest Eastern European roots. I am Brazilian, the grandson of Italians, Portuguese, Ukrainians, and with some Indigenous blood. Our grandparents crossed oceans from similar places, yet our lives unfolded inside different societies. I asked him: If our families had boarded different ships—mine arriving at Ellis…
When a new song attributed to country singer Blaze Foley, “Together,” appeared on his Spotify profile last year, something didn’t seem right. For starters, Foley had been dead for more than two decades, and the cover art featured AI artwork of a man who wasn’t Foley, and the song wasn’t uploaded by Foley’s longtime distributor. Fake tracks have appeared on various artist profiles, including easy-listening act The Sweet Enoughs, and Australian bands Alpha Wolf and Thy Art Is Murder. Smaller artists are not safe either, with musician Catherine Brennan taking to TikTok saying “in the past two weeks I’ve had…
ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 increased 736.79 points or 1.43% to 52,252.28 • Shanghai increased 67.997 points or 1.78% to 3,881.28 • Hang Seng increased 681.24 points or 2.79% to 25,063.71 • ASX 200 increased 13.50 points or 0.16% to 8,379.40 • SENSEX increased 1,372.06 points or 1.89% to 74,068.45 • Nifty50 increased 399.75 points or 1.78% to 22,912.40 The major Asian currency markets had a mixed day today: • AUDUSD decreased 0.00477 or -0.68% to 0.69630 • NZDUSD decreased 0.00437 or -0.75% to 0.58153 • USDJPY increased 0.442 or 0.28%…
We at Fast Company spend all year, every year, researching and assessing companies. When it comes time to identify the Most Innovative Companies in the World, there are four key factors we consider: •Innovation. Did the company create something truly original? •Impact. Did this innovation have a measurable impact on the company and its industry? •Timeliness. Did the innovation happen in the past 12 months? Or, if it’s older, did it bear fruit during this time frame? •Relevance. Does the innovation we’re highlighting connect to larger issues facing industry or society? No company clears the bar unless it meets those…
There’s a restaurant in New York City called Rosa Mexicana that positions itself as a fresh take on Mexican cuisine. It’s upscale, well curated, and delicious. However, my favorite part about the dining experience is when you order guacamole, the wait-staff wheels out a little cart, draped in the traditional Mexican cloth, a vibrant sarape, and staked with fresh ingredients—avocados, lime, onion, salt, all the things. And as they arrive at your table, they make the guacamole right there in front of you. It’s quite the show, and it makes the entire dining experience better. What the restaurant has realized…
In 2015, Disney discovered a new way to cash in on nostalgia: live-action remakes of its classic animated films. That started with Cinderella, brought back to the big screen 65 years after the original movie premiered. In the decade since, Disney has released 12 more of those remakes, with the gap between the original films’ release dates and the remakes growing shorter and shorter. The next entry is a remake of 2016’s Moana coming to theaters this July, a few months shy of the original’s 10-year anniversary. Disney remakes are designed to recapture the magic of the source material, replicating…