The Gen Z hiring nightmare is real, but AI is a ‘lightning strike’ not a ‘house fire,’ Yale economist says

Recent research from Yale has dispelled fears of an impending AI-driven jobs apocalypse, showing no evidence to support the notion that artificial intelligence will lead to widespread job losses. This finding is significant as it challenges the prevailing narrative around AI's impact on employment, suggesting that while AI will change the job landscape, it may not necessarily result in mass unemployment.

CEOs are sharing their thoughts on the potential government shutdown, highlighting concerns about its impact on the economy and business operations. This discussion is crucial as it reflects the sentiments of industry leaders who are often at the forefront of economic trends. Understanding their perspectives can provide insights into how such political events might influence market stability and corporate strategies.

Citi is taking a significant step by retraining 175,000 employees to enhance their skills in working with AI. Peter Fox, the head of learning at Citi, emphasized that the training is customized to fit each employee's knowledge level, allowing experts to complete it in under 10 minutes. This initiative not only boosts employee capabilities but also positions Citi as a forward-thinking organization in the rapidly evolving tech landscape.

Avi Schiffmann, the 22-year-old CEO of Friend.com, is making waves with his $1 million ad campaign featuring a unique necklace that embodies the spirit of capitalism as an artistic medium. He embraces the graffiti that has appeared on his campaign, stating that it enhances the audience's engagement with the work. This approach not only highlights the intersection of technology and art but also sparks a conversation about the role of capitalism in creativity, making it a significant moment in the world of innovative advertising.

Lyft's CEO David Risher recently shared insights about the unique experiences of drivers, likening their roles to those of therapists and bartenders. He emphasizes that his goal is to understand both driver and rider experiences, highlighting the importance of connection in the ride-sharing industry. This perspective not only sheds light on the challenges faced by drivers but also underscores Lyft's commitment to improving the overall experience for everyone involved.

Red Lobster's CEO, Damola Adamolekun, is making waves after successfully steering the company out of bankruptcy. In a recent interview, he expressed his ambition to achieve what he calls the 'greatest comeback in the history of the restaurant industry.' This is significant not just for Red Lobster but for the entire sector, as it showcases the potential for recovery and innovation in a challenging market.

Grindr's CEO, who started with just $500, is making waves with his unconventional parenting approach. He plans to take his kids to the office and on ski trips to instill resilience and grit in them. This perspective not only highlights his commitment to raising self-sufficient children but also reflects a growing trend among successful entrepreneurs who believe in experiential learning over traditional wealth inheritance.

Haitian-born doctor Herriot Tabuteau has made significant strides in the pharmaceutical industry by founding Axsome Therapeutics, a company now valued at $6 billion. With a Yale medical degree and two decades of finance experience, Tabuteau has successfully brought three drugs to market, targeting conditions like depression and Alzheimer’s, and has five more in development. This achievement not only highlights the potential for innovative treatments but also underscores the impact of diverse backgrounds in driving advancements in healthcare.

As New York City prepares for the election of a democratic socialist mayor, a notable trend is emerging: wealthy residents are fleeing to the suburbs. This phenomenon, referred to as the 'Mamdani effect' by Westchester agents, highlights the growing concerns among affluent individuals about the city's future under new leadership. A Manhattan realtor expressed that she has never witnessed such a drastic reaction to a mayoral election, indicating a significant shift in the housing market and urban dynamics. This trend matters because it reflects broader societal anxieties and could reshape the economic landscape of both the city and its surrounding areas.

Assort Health has successfully raised $76 million in a Series B funding round, led by Lightspeed. This significant investment highlights the growing confidence in Assort Health's innovative voice AI healthcare platform, which aims to enhance patient care and streamline healthcare processes. The funding will enable the company to expand its technology and reach, ultimately improving healthcare accessibility and efficiency.

Stanford's recent research highlights the innovative applications of advanced AI and large language models (LLMs) in precision mental health. This emerging field is crucial as it promises to enhance personalized treatment approaches, making mental health care more effective and tailored to individual needs. The insights shared in this report underscore the potential of AI to revolutionize how we understand and address mental health challenges.

A tragic attack at a Manchester synagogue has left two people dead, with police identifying the perpetrator as a British citizen of Syrian descent. This incident has sparked outrage and condemnation, particularly from political leaders like Keir Starmer, who denounced the act as terrorism. Such violence not only affects the immediate victims and their families but also raises concerns about safety and community relations in the UK, highlighting the ongoing challenges of addressing extremism.

In its latest earnings call, SolarBank reported a decline in revenue for Q4 2025, yet managed to improve its gross margin, indicating a potential shift towards more efficient operations. This is significant as it highlights the company's ability to adapt in a challenging market, which could bode well for future profitability and investor confidence.

Maison Solutions has announced the issuance of a $3 million convertible note, signaling its intent to acquire World Coin. This move is significant as it highlights Maison's strategic growth plans and commitment to expanding its portfolio in the cryptocurrency sector, which could enhance its market position and attract more investors.

Kadant has successfully increased its revolving credit facility to $750 million and extended its maturity, a move that strengthens its financial position and provides greater flexibility for future investments. This development is significant as it allows Kadant to better manage its capital and pursue growth opportunities, reflecting confidence in its business strategy and market potential.

Volkswagen is currently grappling with a significant work stoppage that has financial implications for the company. This situation arises after VW welcomed a union last year, highlighting the complexities of labor relations in the automotive industry. The costly halt in production not only affects VW's operations but also raises questions about the future of labor negotiations and the balance between corporate interests and worker rights.

SurgePays has informed its Chief Financial Officer, Anthony Evers, that his contract will not be renewed, marking a significant shift in the company's leadership. This decision raises questions about the company's future direction and financial strategy, as Evers has been a key figure in navigating its recent challenges. Stakeholders will be watching closely to see how this change impacts SurgePays' operations and overall performance.