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When the federal government shutdown on October 1, it started a chain reaction of income problems for federal workers. Roughly 900,000 government employees are now on furlough. Another 700,000 are working without pay because their jobs are too critical for them to stay home. To add insult to entirely preventable injury, the current administration has indicated that it may not provide the legally mandated back pay to these workers once the shutdown is over. Considering the fact that getting another job during the furlough may require the government employee’s agency approval (and wouldn’t help critical employees working without a paycheck), the shutdown could be a pers…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Most of America’s largest homebuilders have publicly stated that the peak 2025 housing market saw softer-than-expected conditions, particularly in many parts of the Sun Belt. This softer housing market environment caused unsold inventory to tick up. Indeed, since the pandemic housing boom fizzled out, the number of unsold completed U.S. new single-family homes has been rising: August 2016 —> 61,000 August 2017 —> 63,000 August 2018 —> 69,000 August 2019 —> 79,000 August 2020 —> 52,000 August 2021 —> 34,000 Aug…

If you’ve ever been startled while watching a show on a streaming service that was interrupted by an unreasonably loud commercial and thought to yourself, that should be illegal, soon it will be. At least in California. California Gov. Gavin Newsom this week signed a bipartisan bill into law that bans video streaming services that serve customers in the state from airing audio of commercial advertisements that are louder than the video content it accompanies. It goes into effect July 1, 2026. “We heard Californians loud and clear, and what’s clear is that they don’t want commercials at a volume any louder than the level at which they were previously enjoying a pro…

The trade war between the U.S. and China is heating up: On Friday, U.S. President Donald The President lashed out at Beijing after China said it would tighten control over rare earth mineral exports, with the president saying he would impose a new 100% duty on Chinese goods—”over and above” existing tariffs. The reignited trade war has rocked markets, particularly tech stocks, with the Nasdaq closing 3.6% down on Friday. Analysts are warning that the escalation could lead to an even more economically turbulent market outlook than was seen earlier this year after The President made his “Liberation Day” tariff announcement. The President made the threat on social media…

There’s a chill in the air—and not just from the weather. A newly arrived La Niña pattern is setting the stage for a potentially wild winter, with experts predicting snow-packed northern states, a drier South, and maybe even more late-season hurricanes. Meanwhile, markets caught their own cold snap after fresh U.S.–China trade tensions sparked a global sell-off. Still, not all the week’s headlines were gloomy. Uniqlo is going on a U.S. growth spree with 11 new stores planned for next year. But other industries are feeling the squeeze—from whiskey makers battling tariffs and falling demand, to airlines struggling through a government shutdown that’s leaving thousands o…

YouTube is giving some creators previously banned for spreading misinformation a chance to get back on the platform. The company opened up a pilot program on Thursday inviting YouTubers who were kicked off of the video sharing site under now-outdated rules to apply for a new channel. The company announced the second chance process last month, describing it as a “limited pilot project” for some creators, including those with channels banned under policies the platform has since abandoned. YouTube’s announcement came the same day that the company issued a conciliatory letter to Republican Rep. Jim Jordan, who has pressured YouTube and other social media companies for y…

Connecting with Gen Z is crucial for brands, especially as teens and twenty-somethings gain spending power and influence. But doing so can be a bit of an art. That’s why a new crop of companies are offering “translation” services for brands that want to speak Gen Z’s language and, as they say, get “locked in.” While many Gen Z translation businesses are still in their infancy, the Wall Street Journal reported that it already represents a multi-million-dollar industry. Some analysts estimate that Gen Z’s spending power is set to grow to $12.6 trillion by 2030, up from $9.8 trillion in 2024, according to the Journal. At the same time, Gen Z is far more digitally n…

Family members of dead celebrities including Robin Willians and George Carlin are calling foul over AI-generated videos of their loved ones appearing on OpenAI’s new app, Sora. OpenAI’s new video generation app is just a few weeks old, but it rapidly rocketed to the top of the U.S. Apple App Store within days of its release. And perhaps as rapidly, experts and creators raised copyright concerns around Sora, as the app appeared to let users create content of well-known cartoon characters and deepfakes of public figures. OpenAI has since curbed those kinds of videos, but The Washington Post and other outlets have reported that family members of dead celebrities do…

After a number of big announcements this week, it’s hip to be Square. Square announced several upgrades and features to its platform this week, including an expansion of tools for restaurant owners and operators, new intelligence capabilities under its Square AI suite, the unveiling of Square Bitcoin, allowing platform users to conduct transactions in Bitcoin. As a cherry on top, Cash App, a sister company to Square under its parent firm, Block, also announced Neighborhoods, a feature that connects customers with local businesses, creating local networks in which customers can place orders and accumulate rewards points to spend with nearby businesses, and helps t…

We know that people with ADHD often approach work differently than might a neurotypical person. And while ADHD can manifest in traits like impulsivity and being easily distracted, the condition is also associated with many desirable qualities—including, it seems, incredible creativity. That’s the upshot of new research recently presented at the European College of Neuropsychopharmacology (ECNP) Congress in Amsterdam. Researchers conducted a pair of studies involving 750 participants, finding that those with ADHD may experience more frequent episodes of mind-wandering, and that that, in turn, could lead to greater creative thinking abilities. “Previous research …

How many female entrepreneurs, bankers, and industrialists from the past can you name? You could be forgiven for thinking that, until relatively recently, there were none at all. Women are commonly assumed to have spent most of history as housewives. But in my new book, Economica: A Global History of Women, Wealth and Power, I present a revised economic history of the world—one that places women at the heart of the development of the global economy. Here are just five of the (many) ways that women have powered the global economy from the Stone Age to the present day. 1. Creators of global money Before electronic payments, banknotes, and silver coins, it was cloth—…

Quantum computing promises to disrupt entire industries because it leverages the rules of quantum physics to perform calculations in fundamentally new ways. Unlike traditional computers that process information in a linear, step-by-step fashion, quantum computers use quantum bits, or qubits, which can represent multiple states simultaneously. This leads to breakthroughs in areas such as drug discovery, financial modeling, and cybersecurity by overcoming computational barriers that have limited progress for decades. Quantum computing is transitioning from theoretical research to a transformative force for industries worldwide, much like AI and cloud computing before it. …

Commuting in New York City can be a relentless sensory overload—the hustling, the pushing, the yelling, the ads whirling from every side. Getting to work can feel like a frantic race of people trying to escape the train station all at once. While the city hurtles past in a blur, Brandon Stanton has stopped to write it a love letter—on the walls of Grand Central itself. For the first time, the terminal and its subway station have been completely cleared of flashing advertisements and replaced with art. Brandon Stanton More than 150 digital screens now display thousands of portraits and stories from Stanton’s Humans of New York—the largest and most diverse colle…

Those who work a 9-to-5 know nabbing one of the few available weekend slots with your hairdresser or nail technician requires a huge amount of forethought. Or how time-consuming it can be to get your oil changed, buy your groceries, or wait in line at the post office. The two-day weekend is simply too short to squeeze in all the errands and life admin that builds up throughout the week. So rather than wasting precious leisure time—or worse, PTO—some workers are going ahead and scheduling their appointments on company time. “A little reminder to everyone who works in corporate that no one at work actually needs to know what your appointments are for,” one viral T…

Ever had a song you couldn’t get out of your head? That happened to me the other day. Pink Pony Club. It’s everywhere right now; I can’t escape it. And even though I really don’t like that song, it’s catchy. And as you’ve probably experienced, once you get a song like that stuck in your head, it can feel impossible to get out. What you might not know is there’s a scientific reason for this: It’s called ironic process theory. Or, you may have heard it by its more common name: The white bear problem. But there’s a tried and tested brain hack that helps you to get a song out of your head. What’s more, you can use it to replace negative or harmful thoughts with po…

In the 1960s, IBM embarked on what Fortune called the $5 billion gamble. It was a bet-the-company investment on a scale nobody had seen before. The payoff was the legendary System/360 mainframes, which revolutionized computing and set the stage for two decades of IBM dominance. That $5 billion would be roughly the equivalent of $50 billion today, but even that princely sum is dwarfed by the $364 billion that tech giants are expected to invest in artificial intelligence this year. And the spending won’t stop there. McKinsey projects that building AI data centers alone could demand $5.2 trillion by 2030. Today, the AI investment boom is probably the single biggest f…

This year, Columbus Day, also known as Indigenous Peoples’ Day, lands on Monday, October 13. While it’s a federal holiday and many schools have it off, there are plenty of businesses still open—as well as U.S. stock markets. Here’s what to know about the holiday, and what’s open and closed today. Why is the holiday called Columbus Day and Indigenous Peoples’ Day? Columbus Day, named after Italian explorer Christopher Columbus, occurs on the second Monday in October of every year, and celebrates Columbus’s arrival in the Americas on October 12, 1492, in the Bahamas. However, due to criticism over the treatment of Native Americans who were here when Colum…

Innovation hubs were once the darlings of corporate strategy, promising to future-proof businesses and spark breakthrough ideas. But two decades in, the cracks are showing. Too many hubs have struggled to prove their worth, and some have quietly shut down altogether. In reality, these costly spaces never lived up to the hype—and the future lies elsewhere. Rather than investing in shiny new labs, organizations should be cultivating innovation communities: networks of people, inside and outside the company, who collaborate around shared challenges and opportunities. Looking Back: Proliferation Innovation hubs have proliferated through private enterprise over the…

When we consider the subway, it’s often for reasons that have to do with decay and deterioration. The switches are outdated. The elevators are broken. The train is late (again). Of course it could be better, but rarely do we pause to take in what the system does right. Its 25 lines, 472 stations, and 665 miles of track traverse the city and offer a tremendous amount of mobility. And now, a new digital installation at the Fulton Street subway station by the information designer Giorgia Lupi and her team at Pentagram pays tribute to the system. “Sometimes adults lose the ability to see magic in mundane things and to treat what we experience every day with a …

In September 2023, we thought we had done something revolutionary. Helios AI became the first company in our industry to launch a generative AI agent. We called her Cersi. She was designed to help food companies understand the climate risks threatening their agricultural supply chains. She was powerful, intuitive, years ahead of the curve—and almost completely ignored. At the time, ChatGPT had just exploded onto the scene, and the hype around AI was deafening. Headlines promised that AI would transform every corner of business. Venture capital poured into the sector. But hype doesn’t always translate into real-world use—especially in industries that aren’t built to ad…

As a learning designer at Zapier, I used to spend my days helping my teammates learn: I built and led trainings, created enablement resources, and helped folks better understand how their work contributed to company strategy. Now, I sit inside our HR team as an AI automation engineer. But the through line is the same: I still help my teammates (and now customers, too!) do their best work. What is an AI automation engineer? AI automation engineer sounds like a vague title, so here’s the job, plainly: I embed with a team (HR, in my case), spot opportunities to enhance the team’s work, and build AI-powered workflows that jump on those opportunities. The goal is to cre…

Long Beach Airport had a trailer problem. Long Beach’s quaint municipal airport originally opened in 1924 when airplanes flew using propellers—and the art deco terminal hadn’t undergone a full-scale renovation since. Instead, it adapted to the increased spatial demands of late 20th and early 21st century air travel, like increased security screening and modern baggage handling, in a rather temporary way: trailers. “It was known as the trailer park airport,” says Michael Bohn, a partner at Studio One Eleven, a Long Beach-based architecture and design firm. “It just became a hodgepodge. You went down these crazy aisles, and through different trailers. They had ven…

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. When we named Tarang Amin Modern CEO of the Year in December 2024, the E.l.f. Beauty chairman and chief executive had racked up a string of notable successes. Under Amin’s leadership, the publicly traded cosmetics company had posted 23 consecutive quarters of net sales and market share growth. E.l.…

Vice President JD Vance on Sunday said there will be deeper cuts to the federal workforce the longer the government shutdown goes on, adding to the uncertainty facing hundreds of thousands who are already furloughed without pay amid the stubborn stalemate in Congress. Vance warned that as the federal shutdown entered its 12th day, the new cuts would be “painful,” even as he said the The President administration worked to ensure that the military is paid this week and some services would be preserved for low-income Americans, including food assistance. Still, hundreds of thousands of government workers have been furloughed in recent days and, in a court filing on Friday,…

Companies operating in the rare earths and mining spaces are seeing their share prices soar this morning as President Donald The President’s latest tariff feud with China enter its second week. Here’s what you need to know. What’s happened? Last week, President The President threatened new tariffs on China as high as 100% in retaliation for the country putting export controls on products that contain rare earth elements. “Rare earths” are a group of elements that actually aren’t rare, but are hard to find and expensive to mine. The elements also happen to be essential to many industries, including technology, automotive, and defense. Rare earths are criti…