Financial Mindset

Go to LinkedIn on any given day and you can read horror stories of hiring managers receiving thousands of AI-generated CVs, or applicants applying unsuccessfully for thousands of roles.  But while hiring is an undoubtedly dysfunctional process (one we are trying to fix, by the way) the main reasons that people don’t get hired existed long before AI.  Before I built an AI recruitment startup for software engineers, I worked in  actual  recruitment, finding the best tech talent for companies like Microsoft , Accenture , Deloitte.  I’ve interviewed thousands of applicants, and it is fair to say I’ve seen a few interview train-wrecks. But my main takeaway is that the reasons people don’t get hired are relatively simple – and avoidable – and that, as an applicant, you really have to do very little to stand out.  The CV is not dead You can’t win on the strength of your CV, but you can lose.   If you send out a docume...

A leader of The Church of Jesus Christ of Latter-day Saints warned Saturday that an  explosion in gambling  driven by online prediction markets and sports betting is fostering greed, particularly among youths, while producing “nothing of value.” D. Todd Christofferson, one of the top three leaders of what is known widely as  the Mormon church , said rampant betting among teenagers and young adults is robbing time from their studies and relationships as smartphones make gambling possible anywhere. “For us as Latter-day Saints, overarching all other concerns is the fact that gambling is morally wrong. Gambling is built on the desire to obtain something for nothing,” Christofferson said at the faith’s twice-annual  general conference . The declaration that prediction markets are gambling puts the conservative church at odds with President Donald Trump. The Republican’s administration has argued platforms such as Kalshi and Polymarket don’t constitute ...

President  Donald Trump  is promising more payments to voters just ahead of the Nov. 3  midterm elections  — this time, to more than 20 million seniors, giving them $90 each to help pay for Medicare premiums. The announcement, made late Friday night by Trump on social media, comes after the president last month said about 1 million people would get  rebate checks of $500  for Affordable Care Act premiums. He has also promised on the campaign trail to send  every American adult $5,000  if Republicans retain control of the House and Senate in the midterm elections. That pledge — which would require approval from Congress — would likely cost more than $1 trillion,  adding to the deficit  and worsening inflation. Polls show  Americans increasingly blame Trump  for the  high cost of gasoline  and  groceries  with just 17% approving of his handling of inflation. Trump has sought to shrug off concerns ...

With Iran’s economy in free fall, the country’s currency is getting dragged down too and continues to find new depths with the regime facing a major cash crunch soon. The U.S. naval blockade has sent Iran’s oil exports to virtually zero, while its Persian Gulf neighbors have boosted their own shipments under the protection of the U.S. military, which is eroding Tehran’s control over the Strait of Hormuz. In fact, Iran didn’t load any oil last month at its export terminals, marking the first time that’s happened since the 1979 Islamic revolution, according to Homayoun Falakshahi, head of crude oil analysis at Kpler. On top of that, Iran can’t import goods by sea, including fuel, and land-based routes are clogged up . Inflation is now near 90%, GDP is expected to shrink 5.4% this year, unemployment has jumped, energy is being rationed, and even Supreme Leader Ayatollah Mojtaba Khamenei has expressed concern about “social cohes...

Fears surrounding AI are hitting a fever pitch. Rogue agents are running rampant, and even the industry’s top figures – Amodei, Altman, and Musk – are leading calls for a slowdown in development. With public and investor trust on a precipice, the administration has signaled it’s ready to step in with an AI czar to keep an eye on things. But I worry it won’t be enough. The next “Hugging Face” could be the final push that spurs a mass investor withdrawal from the very companies propping up the US economy. In my view, the government must get ahead of that curve by establishing a full-fledged Department of AI, rather than leaving it to a single individual. Frankly, the country’s economy could depend on it. The ongoing AI boom is undoubtedly one of its main drivers. Hundreds of billions of dollars have been poured into the buildout, and not just into AI labs and models, but data centers, semiconductor chips, and so on. Amazon , Meta , Alphabet , and Microsoft...

In 2026, the people most likely to be living paycheck to paycheck are those earning less than $50,000 or more than $500,000 a year, according to new research from Goldman Sachs . This K-shaped divide has a pronounced impact on their long-term savings at both ends of the income spectrum, the Wall Street giant says. Of the 5,106 respondents in Goldman’s “New Economics of Retirement” study, a little over 60% of those earning less than $50,000 a year were living from one pay slip to the next. That was followed by those in the $500,000 and upwards income bracket, of which approximately 38% said they were living one check to the next. A similar result was reported across other personal finance metrics the Goldman Sachs team evaluated. Respondents earning more than $500K were the most likely cohort to report having delayed financial goals (80%), followed by those earning less than $50K at approximately 79%. Likewise, both income cohorts were the most likely to pa...

Mark Ruffalo isn’t giving up his fight against Paramount Skydance’s takeover of Warner Bros. Discovery , even with the deal days from closing. On Sept. 30, U.S. District Judge Araceli Martínez-Olguín approved Paramount’s settlement with 12 state attorneys general. That cleared the last legal obstacle to the roughly $111 billion merger. Hours later, Ruffalo took to X to condemn the outcome. “This merger will stifle creativity, weaken free speech, and cost people their jobs—it is a bad deal for this country and should never have been approved,” Ruffalo wrote on X . “This is an incredibly disappointing outcome for the hundreds of thousands of us who stood up to block it, but it’s also not the end.” “This grassroots movement isn’t going to fade away and neither is our resolve,” the post continued. “This was never about just one merger: this was about fighting back against corrupt oligarch billionaires tram...