What's on Your Mind?

As millions of new graduates enter the job market this spring and summer, many may encounter a potentially frustrating paradox: They need experience to get hired, but they need a job or internship to gain that experience. This paradox is deepening in today’s labor market. At Deloitte, we recently released a Global Human Capital Trends report that found that 66% of hiring managers say most recent hires are not fully prepared for their roles, most often due to a lack of experience. Meanwhile, research has shown that a majority of employers have increased experience requirements over the past three years, and many “entry-level” roles today often require two to five years of…

After months of rigorous searching, you’ve found your ideal executive candidate. They tick every box on paper and seem perfect in interviews. But then reality hits: Your “Cinderella candidate” isn’t prepared for the real-world challenges of the role. Now what? A popular study highlights just how common—and costly—this scenario is. A 2015 research report from Corporate Executive Board found that 50% to 70% of leadership hires fail within 18 months. And that can cost the company one-half to twice the hire’s annual salary, according to a 2019 Gallup report. Given the high levels of remuneration, the financial impact can be even more severe at the executive level. As …

The last two years have been one of the toughest job markets I’ve seen in decades. This isn’t like 2020 or 2021, where after the initial phase of the pandemic receded, jobs quickly reappeared. This one has been slow and unrelenting—market volatility causing uncertainty, and digital transformation of workplaces, and AI taking over jobs faster than you can read the headlines. These days, it feels like you’re sending your resume into the abyss. Sound familiar? I see it every day as a recruiter and career coach: talented job-seekers submitting application after application into what feels like a black hole. Weeks turn into months. The silence is deafening. Each passing da…

You couldn’t have missed the news: Jony Ive and Sam Altman have teamed up, after OpenAI acquired Ive’s company io for $6.5 billion. The plan? For Ive, and a sizable team of ex-employees from Apple, it’s to create a series of hardware products for OpenAI. The news alone dropped shares of Apple by 1.8% as two of the most celebrated software and hardware development teams in the modern era have combined to realize the potential of artificial intelligence and change the way we live. Hopefully for the better. The first io product, according to The Wall Street Journal, arrives in 2026. It will be a small object “capable of being fully aware of a user’s surroundings and…

Millennials (people born between 1981 and 1996) are far more interested in buying homes today than they were just six months ago. That makes the group the only generation whose interest in homeownership has increased since September 2024. However, these same people are tending to put off the investment due to sky-high mortgage rates. The new data comes from an online survey of 2,230 adults conducted by Realtor.com. Six months ago, 15% of millennials said they were interested in buying a home. Now 23% are interested, according to the latest survey. Still, that doesn’t mean more 29- to 44-year-olds are actually buying homes. In a press release, Laura Eddy, vic…

eOlipop’s surging popularity has taken the $60 billion soda industry by storm. As Gen Z and millennials ditch sugary sodas, Olipop is leading the pre-biotic beverage trend, sparking the likes of Coca Cola and PepsiCo to enter the fray. Olipop co-founder, CEO and formulator, Ben Goodwin, shares how the brand is navigating the turbulence of rapid growth amid rising competition, and whether healthy soda is actually healthy or just a TikTok-fueled fad. This is an abridged transcript of an interview from Rapid Response, hosted by the former editor-in-chief of Fast Company Bob Safian. From the team behind the Masters of Scale podcast, Rapid Response features candid conversatio…

For generations of Americans, the soundtrack to spring weekends has been a rise in birdsong and the loud, constant “virrrrrr” of neighbors cutting their growing grass. But the gas lawn mowers, leaf blowers, and weed eaters that have been used for more than a century to keep lawns manicured aren’t only noisy—in the past few years, researchers have discovered that they also pose an outsize risk to the environment and to human health. In response, cities across the U.S. are experimenting with incentive programs to encourage residents to opt for more environmentally friendly electric lawn equipment. The shape these programs take isn’t one size fits all: From bans to rebat…

Warren Buffett is likely the best-known, most successful investor in the world today. The philanthropist and CEO of Berkshire Hathaway has an estimated net worth of $158 billion and is known as the Oracle of Omaha for his ability to pick long-term investments. He’s also dedicated to sharing his wisdom with everyday investors, including beginners. Here are Buffett’s top three tips: Principle No. 1: Invest Only in What You Understand Buffett has famously advised, “Never invest in a business you cannot understand.” In a letter to Berkshire Hathaway’s shareholders in 1996, Buffett explained the concept of a “circle of competence”: Basically, these are the field…

As the founder of a high-growth SaaS business, Evan was the quintessential entrepreneur. Ideas and innovation were his strength, and they led to his success in attracting investors and inspiring his early hires. With the infusion of investment capital, the company entered a new stage of growth. To scale successfully, the business needed to standardize operations and develop repeatable processes to reliably deliver services to its customers. But these were not Evan’s strengths. With a near-constant flow of ideas and a desire to resource them, he soon earned a new nickname among his team: “chief distraction officer.” Eventually, investors grew tired of Evan’s lack of f…

Have you heard of “Maycember”? According to social media, it’s a term that describes the hectic nature and mounting expenses families face around May, particularly parents with children, due to the increased cost of everything from graduation gifts to summer camps and family vacations, which combined with inflation (and tariffs), have made May feel extra expensive, just like the winter holiday season. That’s as total spending for college and graduation gifts is expected to reach a record $6.8 billion in 2025, up from $6.1 billion in 2024, according to the National Retail Federation. And U.S. consumer spending was up in May 2024, even as prices remained stable; the per…

Twice a year, New Yorkers and visitors are treated to a phenomenon known as Manhattanhenge, when the setting sun aligns with the Manhattan street grid and sinks below the horizon framed in a canyon of skyscrapers. The event is a favorite of photographers and often brings people out onto sidewalks on spring and summer evenings to watch this unique sunset. The first Manhattanhenge of the year takes place Wednesday at 8:13 p.m., with a slight variation happening again Thursday at 8:12 p.m. It will occur again on July 11 and 12. Some background on the phenomenon: Where does the name Manhattanhenge come from? Astrophysicist Neil deGrasse Tyson coined the ter…

In cities across the U.S., the housing crisis has reached a breaking point. Rents are skyrocketing, homelessness is rising and working-class neighborhoods are threatened by displacement. These challenges might feel unprecedented. But they echo a moment more than half a century ago. In the 1950s and 1960s, housing and urban inequality were at the center of national politics. American cities were grappling with rapid urban decline, segregated and substandard housing, and the fallout of highway construction and urban renewal projects that displaced hundreds of thousands of disproportionately low-income and Black residents. The federal government decided to try to…

The days are getting longer, sunnier, and warmer in the western hemisphere. Those bright summer days have a bigger impact on the workforce and the physical office than you may think. The obvious ones are longer lunches and fewer people in the office due to vacations. Yet when everybody is in the office, there is one common human habit happening during the summer that is often overlooked. One that undermines employee productivity and increases a building’s carbon emissions. The productivity killer? Sunshine. Not that anybody is against it, but when the sun is at its highest and hottest, sun glare and heat penetrating the glass panes in office buildings prompts employe…

Over the years, I’ve observed how the approach to housing in the U.S. has shifted. And while affordable housing has faced challenges in how it’s understood and accurately represented, there is increasing awareness of the need for more accessible, safe, and stable housing options for all. It is time to recalibrate our approach to housing—one that not only addresses economic disparities but also fosters community and enhances the quality of life for all residents. Affordable housing is essential for providing a foundation that allows people to contribute meaningfully to their communities. It is one of the reasons my architecture firm recently acquired a firm that speci…

Every four years, the National Assessment for Educational Progress (NAEP) provides a snapshot of how students across the country are performing in math and English. It doesn’t tell us about individual students; instead, it gives us information about how well our public schools are preparing students. The 2024 results showed that 28% of 8th graders were proficient in mathematics (on grade level), and 30% were proficient in reading. In both, the average scores and proficiency rates are still below 2019 rates. One explanation for this dismal reality? Public schools simply aren’t capable of delivering results for students. But look closely at historical trends in NAEP R…

Data analytics firm LexisNexis Risk Solutions said it suffered a data breach that could have affected the names, Social Security numbers, driver’s license numbers, and contact information of more than 364,000 people. The company said in a filing with Maine’s attorney general that an “unauthorized third party” stole data from a third-party platform used for software development. A spokesperson told TechCrunch, which earlier reported of the breach, that an unknown hacker accessed its GitHub account. The breach dates back to last Christmas, though the company said it only discovered it on April 1. “Upon learning of the issue, we promptly launched an investigation …

e.l.f. Beauty (NYSE:ELF) announced on Wednesday that it has signed a definitive agreement to acquire rhode, the beauty brand founded by Hailey Rhode Bieber, alongside its Q4 earnings for the fiscal quarter ending March 2025. (Shares of ELF closed down over 1% Wednesday afternoon, before the news was announced.) “e.l.f. Beauty found a like-minded disruptor in rhode,” said e.l.f. chairman and CEO Tarang Amin. “rhode further diversifies our portfolio with a fast-growing brand that makes the best of prestige accessible.” According to a press release sent to Fast Company, the deal is built on “both brands’ shared focus on disruption and product innovation, setting the …

A video game once synonymous with one of the most disastrous launches in history has not only redeemed itself, but will be getting a proper second act. Cyberpunk 2077 developer CD Projekt Red announced in an earnings call Wednesday that the company is at work on a follow-up to the futuristic role-playing title, which was released in late 2020 and universally criticized for being unfinished, glitchy and at times unplayable. CD Projekt Red said that the conceptual phase is complete and pre-production has begun on the “next big game set in the Cyberpunk universe,” which it is calling Cyberpunk 2 for now. The company expects the game’s development to take four to five…

According to new research from Whop, a marketplace for digital products, one in three Gen Z consumers now make purchasing decisions based on recommendations from AI-generated influencers. The report gathered survey data from 2,001 Americans 12-to-27 years old and found the trend particularly strong among college-aged consumers. Nearly half of 19-to-21 year olds follow AI influencers, with 47% of young men following these accounts, compared to under 40% of women. While many have argued that AI influencers lack the authenticity needed to sell products, that might not matter—especially to Gen Z. Authenticity vs reach Previous research backs this up. Nearly h…

Meta has spent 15 years shunning the iPad. Now, it seems they’re finally ready to embrace the tablet lovers. WhatsApp users can finally text from the big screen. On Tuesday, Meta announced that the popular messaging app is finally available on iPadOS devices, including expanded features for multitasking. Meanwhile, reports indicate that Meta is finally building Instagram for the iPad as well. It’s a curious time to embrace tablets. While still a high-volume sales item, the iPad is losing its popularity. The device has endured a yearslong backslide in growth, comprising only 6.8% of Apple’s revenue in 2024 compared to the boom of more than 15% in the early 2010s.…

COVID-19 cases are rising again as a new variant begins to circulate in some parts of the world. The World Health Organization said Wednesday the rise in cases is primarily in the eastern Mediterranean, Southeast Asia and western Pacific regions. Airport screening in the United States has detected the new variant in travelers arriving from those regions to destinations in California, Washington state, Virginia and New York. The new variant is called NB.1.8.1. It arrives as the United States’ official stance on COVID-19 vaccination is changing. On Tuesday, Health Secretary Robert F. Kennedy Jr. announced that COVID-19 shots are no longer recommended for healthy chi…