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Fraud remains a huge issue, with reports increasing 25% between 2023 and 2024, according to recently released data from the Federal Trade Commission (FTC). That amounted to consumers losing more than $12.5 billion to various frauds and scams. Those eye-popping figures are what spurred AT&T to beef up its fraud-prevention smartphone application, ActiveArmor, with a slate of new features, says Matt Bailey, AT&T’s AVP of product management and development. And interestingly enough, the app will also provide protection for your physical property—including your credit and debit cards and even your driver’s license. On Wednesday, AT&T announced the five…

May often brings not only flowers, but also a highly anticipated—and in some cases, dreaded—event for college seniors: graduation. On their final day as students, they will walk across the stage to applause from peers, receive their diplomas, and start their lives as adults. Some of them will already have jobs lined up, while others may still be looking. A recently updated report from the Federal Reserve Bank of New York suggests that how employable those graduating seniors are could well be influenced by which college majors they chose in their freshman and sophomore years. What do those choices say about a student’s future job prospects? The report offers a number o…

Several of the largest U.S. banks are reportedly pausing or reassessing how they send sensitive information to the Office of the Comptroller of the Currency (OCC) following a major cyberattack on the regulator. JPMorgan Chase and Bank of New York Mellon have halted electronic information-sharing with the OCC, Bloomberg reported. Bank of America is working to transmit data through what it considers more secure electronic channels, according to the report. The moves come after hackers reportedly accessed more than 100 accounts within the OCC’s email system over the course of a year—a breach the OCC and U.S. Treasury have labeled a “major incident.” The attackers are…

Four years ago, GM set an audacious goal: By 2035, the automaker planned to go all-electric. The company says it’s still aiming for that target. But it simultaneously lobbied the Senate to end California’s ban on new gas car sales—which was also supposed to go fully into effect in 2035. In theory, California’s policy should have supported GM’s transition. GM even recruited employees in the lobbying effort. “We need your help!” the company wrote in an email to staff, as reported by The Wall Street Journal. “Emissions standards that are not aligned with market realities pose a serious threat to our business by undermining consumer choice and vehicle affordability.” …

One of the more unique takes on the POV trend on TikTok: “POV: You bought a 100-year-old skyscraper . . . ” For those unlikely to ever own a skyscraper themselves, TikTok’s Skyscraper Guy offers a behind-the-scenes look at what that experience entails—think hidden rooms not listed on blueprints, a bottomless pit in the basement, a Prohibition-era speakeasy, and a mysterious safe with no known combination. The video, posted last week, has already racked up more than 2.4 million views. “Step 1. How does one acquire a skyscraper,” one commenter asked. “My idea of an impulse buy is a cupcake,” another added. Sleuths in the comments quickly identified the …

California’s governor called upon the state’s cities and counties to ban homeless encampments this week, even providing blueprint legislation for dismantling the tents lining streets, parks and waterways throughout much of the state. Gov. Gavin Newsom, a Democrat, made homelessness a priority of his administration when he took office in 2019. It had previously been an issue primarily for mayors and other local officials, but Newsom pumped money into converting old motels into housing and launched other initiatives to tackle the issue. Still, he has repeatedly called out cities and counties to do their part, and on Monday, he unveiled draft language that can be adopte…

A year ago today, Microsoft unveiled what it believed would be the future of home computing. Copilot+ PCs, optimized to harness the power of AI, were introduced with the promise of revolutionizing how we interact with our laptops and desktops. The reaction, however, was far from enthusiastic. Critics mocked the addition of an AI button on the keyboard, likening it to the redundant action keys from late-1990s PCs. More concerning was the backlash to Recall, a feature designed to continuously record user activity to provide smarter assistance. Many found the idea invasive. Public alarm grew when it became clear that Recall stored this data off-device, raising serious pr…

All sense of survivors’ guilt was fleeting for those residents whose homes remained standing after wildfires ripped through the Los Angeles area three months ago. Many worried that smoke from the Eaton wildfire that destroyed more than 9,000 structures and killed 18 people may have carried toxins, including lead, asbestos and heavy metals, into their homes. But they struggled to convince their insurers to test their properties to ensure it was safe to return. Nicole Maccalla, a data scientist, said embers burned more than half of her roof, several windows and eaves were damaged, and her house in Altadena was left filled with ash, debris, soot and damaged appliances. She…

Warren Buffett’s announcement Saturday that he would be retiring as CEO of Berkshire Hathaway came as a surprise to lots of people, including the person who was elected to succeed him the next day. Greg Abel has been Buffett’s right-hand man for many years and the public heir apparent for the past five, but Buffett, in making his announcement, said he hadn’t told Abel the moment was coming. Buffett, 94, will stay on as chairman at Berkshire, but by the end of this year, Abel will be in the driver’s seat – and will have a big legacy to follow. Buffett took over Berkshire Hathaway in 1965. Things began to take off in 1978, when he convinced his friend Charlie Munger to …

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 I was a young professional in the 1990s, I didn’t aspire to be a CEO. (I was a business journalist focused on getting more challenging editorial assignments.) And even if I had wanted to run a company, I wouldn’t have known how to cobble together the necessary experiences to qualify fo…

Our phones are making us unhappy, but I’m not sure cutting myself off from humanity’s universe of information with a dumbphone is the answer. It’s kind of like how we know walking is healthier than driving, but it’s a moot point when the average person lives 27 miles from their workplace. However, maybe our smartphones don’t need a lobotomy. Maybe they just need to respect our boundaries. This is an idea explored in a new concept called Aperture, by the London studio Special Projects. It’s a case that crops your smartphone into a small square of your screen when you flip your case over, revealing a series of smart widgets. By the same firm that developed ideas like discre…

“What?!” That single word is the most frequent reaction Aasiyah Abdulsalam gets when she tells people about her company, Renatural, which makes wigs with no lace. The surprise stems from the fact that most commercial wigs today are built with a lace base—a lightweight mesh cap that mimics the scalp but is really scratchy and only comes in a limited palette of colors. Instead of lace, Abdulsalam has designed a proprietary silicone band to anchor the wig without visible mesh. After launching the Wig Fix three years ago and selling 80,000 units in her first year, she decided to expand from simply supplying an accessory to reinventing the wig itself. Launching tod…

Is a side hustle really the only thing separating you from the life you desire? Listening to some influencers on social media could certainly have you thinking so. Side hustles encompass a range of self-directed entrepreneurial activities undertaken while also working a job. For young people with limited access to capital, they’re the most accessible opportunity to engage in entrepreneurship. Yet, we still know very little about who takes them on and why, and what kind of impact they have on working life in economies like Australia. Our new report, Side Hustles: How Young People Are Redefining Work, presents the first wave of findings from an ongoing three-yea…

The next frontier of consumer tech isn’t just about adding more screens to your life or boosting your devices’ processing power. Instead, it’s empowering users to accomplish more, from powerful new maker tools to more efficient skincare solutions. On the home front, assistive robots are suddenly in reach, and AI cameras are learning to provide better pet care instead of just surveilling humans. Of course, there’s cool screen-related stuff too, including wildly thin foldable phones and increasingly immersive AR glasses. Anker For 3D printing onto pretty much anything Printing 3D textures onto materials such as wood and metal usually requires industrial-grade tools, but A…

In April 2024, Yahoo acquired Artifact, a tool that uses AI to recommend news to readers. Yahoo folded Artifact’s—which was cofounded by Instagram cofounders Mike Krieger and Kevin Systrom—into its revamped news app to help surface and curate content for readers. Yahoo CEO Jim Lanzone came on the Most Innovative Companies podcast to talk about the acquisition, the company’s approach to news curation, and what the future could hold for the private equity-owned company. This interview has been edited and condensed. Yahoo acquired news discovery platform Artifact last year. Now, the technology is used in Yahoo’s revamped news app. Why did you acquire the…