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With Social Security on track to go broke in less than seven years, a new report from the Committee for a Responsible Federal Budget (CRFB) is proposing a solution: Cap Social Security payouts to $100,000 a year for couples, as part of an overall plan to save it from insolvency. (That’s $50,000 for a single retiree.) The renewed spotlight on Social Security follows a recent report from the Congressional Budget Office (CBO) that the main trust funds responsible for paying benefits, the Old-Age and Survivors Insurance Trust Fund, could be insolvent by as early as 2033. By law, that would automatically trigger a massive 24% cut in benefits. On top of the higher cost …

Kathy Hochul, the governor of New York, has proposed a delay to the state’s landmark 2019 climate law, saying its goals would be too costly and could worsen already-expensive utility bills. But a coalition of climate, labor, and community groups counters that there are serious costs to not meeting the law’s climate goals—like more expensive energy bills, lost jobs, and health impacts caused by pollution. Delaying the law would cost New Yorkers nearly $9,000 on their energy bills per household over five years, due to the loss of billions of dollars in energy credits or rebates, according to an analysis from NY Renews. The proposed rollbacks would mean roughly 1…

Jeopardy! may have been born on cable television, but it’s determined not to live and die there. The trivia game show’s first iteration premiered on daytime television more than 60 years ago in 1964. Its modern syndicated version launched in 1984, and 41 seasons later, it’s still going strong, garnering 7.5 million viewers for its latest season premiere and maintaining its title as the most-watched syndication series on television. Though Jeopardy! made it through the cultural transition to streaming largely unscathed, its producers are still finding ways to innovate on its format and bring the show to new platforms. That includes the newly announced Jeopardy! You…

Wednesday, April 1, marks 50 years since Apple was founded. Over the next week, you’ll no doubt see countless articles examining the company’s influence, with many likely focusing on which single Apple product had the most consequential impact on the tech industry and society as a whole. To be sure, there are myriad options to choose from, most notably, the original Macintosh, the iMac, the iPod, and the iPhone. Yet to me, Apple’s most important contribution over the past fifty years isn’t a physical product. Rather, it’s a policy—one asserting that privacy is a fundamental human right, and, to protect that right, products must be designed with privacy in mind. It…

Your favorite spot for slow-cooked riblets might be cooked. A number of Applebee’s Neighborhood Grill + Bar restaurants have closed their doors in the wake of mounting financial distress and declining foot traffic, according to a recent bankruptcy filing. The 10 shuttered stores, located in Florida and Georgia, are all owned by an Atlanta-based Applebee’s franchisee that last week became the latest regional restaurateur to seek Chapter 11 protection. The list of impacted locations includes long-standing Applebee’s restaurants near top tourist destinations such as SeaWorld, Walt Disney World, and the Daytona International Speedway. Most of the locations w…

During the week of March 23, a truck carrying Nestlé’s new Formula One-themed KitKat bars was making its way from picturesque central Italy to its intended destination of Poland. Somewhere along the way, the truck was intercepted and approximately 12 tons of the bars—or more than 413,793 KitKats—were stolen. The whereabouts of both the bars and the truck are still unknown. Despite all odds, this is shaping up to be a huge win for Nestlé. The Swiss food giant confirmed the chocolate heist to The Athletic on March 28, explaining that the bars in the truck were part of KitKat’s first season as F1’s official chocolate partner. No one was hurt in the process,…

It might not seem like the maker of lawn and garden products and a skincare and cosmetics company have much in common. But both ScottsMiracle-Gro and Clinique have recognized that people are likely to seek out advice online these days, which is why they’re meeting consumers where they are with educational resources. “We’re using a lot of agentic AI to help people in any given market,” said John Sass, senior vice president and chief creative officer at ScottsMiracle-Gro, speaking at the Fast Company Grill at SXSW. “We have 158 years of experience; we can help you learn how to grow, whether you’re in Miami or Austin or Columbus, Ohio.” Recognizing this opportunity f…

It has been a bruising 24 hours for investors in memory chip storage companies, including Micron Technology, Inc. (Nasdaq: MU), Sandisk Corporation (Nasdaq: SNDK), Western Digital Corporation (Nasdaq: WDC), and Seagate Technology Holdings (Nasdaq: STX). Yesterday, all four leaders in the memory chip space ended the day significantly lower. Here’s what’s happening—and why some are questioning whether the RAM shortage that has driven these companies’ stock prices to new heights will soon come to an end. Memory chip stocks get pummeled—again Just a few weeks ago, the sky seemed to be the limit for memory chip makers. After all, the world is in the middle of …

JetBlue announced Monday plans to give its top-tier credit card a refresh, adding new travel credits, companion perks, and loyalty boosts as airlines and issuers keep escalating what “premium” actually means. The updates to the JetBlue Premier World Elite Mastercard, issued by Barclays, are set to roll out later this spring. The annual fee isn’t changing, remaining at $499 even as new benefits are added. Companion passes, but with a twist The headline addition is a companion pass benefit, a familiar perk that JetBlue is now bringing into the mix. Cardholders can earn a pass worth up to $500 after spending $15,000 in a calendar year, and a second one worth u…

Universal Music Group saw its shares (AMS: UMG) rise more than 11% on Tuesday, following a proposal from billionaire Bill Ackman to buy the music giant through his investment firm Pershing Square Capital Management. Pershing Square currently owns a 10% stake in Amsterdam-listed UMG. Despite today’s bump, the stock is down about 15% year to date. UMG has an extensive music catalogue and is home to major recording artists such as Taylor Swift, Bob Dylan, and Bad Bunny. What would the deal mean for UMG? If approved, the deal would offer shareholders €9.4 billion ($10.9 billion) in cash and 0.77 shares in “new UMG” for each share of UMG they currently own. …

Whether you’re doomscrolling on LinkedIn or talking to friends, AI-induced job loss anxiety feels inescapable right now. As companies go full throttle on investing in automation tools, the fear that entire roles can be instantly eliminated feels very real. After the surge in economic activity and tech adoption during the pandemic, tech companies issued mass layoffs after over-expanding. That trend continued in the last few months, with tech giants like Amazon and Oracle laying off thousands of employees. But there have been a few silver linings in the mostly pessimistic discourse around AI and the future of work: A recent surprising bright spot in hiring right now fo…

It’s a tough time to own fast-food restaurants. Franchisees for popular chains such as Applebee’s, Subway, and Popeyes Louisiana Kitchen have filed for bankruptcy recently, and another has joined them. Multiple entities associated with Friendly Franchisees Corporation (FFC), owner of 65 Carl’s Jr. locations across California, have filed for Chapter 11 bankruptcy, Restaurant Business first reported. Carl’s Jr. was founded almost 85 years ago and is known for its charbroiled burgers. FFC has yet to state whether any Carl’s Jr. locations will close as a result of the bankruptcies. Its founder, Harshad Dharod, owns the five associated entities that filed…

If you bought Tom’s of Maine toothpaste in the last six years, you could be eligible for a cash payout stemming from a recent $2.9 million settlement. The class-action lawsuit filed against Tom’s parent company, Colgate-Palmolive Company, “alleged deceptive and misleading business practices with respect to the manufacturing, marketing, and sale” of certain toothpaste products.” Tom’s is best known for its natural products. The toothpaste products were produced at its manufacturing facility in Sanford, Maine, where the company also makes deodorant and bar soap, and sold to consumers through third-party retailers. What’s the issue in the class-action lawsuit? …

April is off to a bruising start for people working in Hollywood. Since the month began, two major studios and one of Hollywood’s most high-profile production companies have announced layoffs totaling more than 1,000 jobs combined. The job cuts come at a time of great volatility in the movie and television industry, which is facing disruption from AI while also experiencing a rapidly changing business landscape and consolidation. Here’s what you need to know. Bad Robot to cut jobs as it leaves L.A. for New York The April layoffs began with an unexpected announcement from one of Hollywood’s most successful and high-profile production companies. On April 2, Vari…

Below, Anthony Klotz shares five key insights from his new book, Jolted: Why We Quit, When to Stay, and Why It Matters. Klotz is a professor of organizational behavior at UCL School of Management in London. He is best known for predicting the pandemic-related Great Resignation. He has written for the Harvard Business Review and The Wall Street Journal, and his research is regularly published in leading academic journals in management. What’s the big idea? Even when quitting feels like a slow burn that dances around your mind for months—or even years—the truth is that finally leaving is caused by a sudden spark. Unexpected “jolts” drive us to rethink our work, o…

It’s no secret that a brand alliance with a Formula One team requires a major investment. Whether a company joins at the title level or as a technical partner, the commitment is significant. For most executives, the first question is straightforward: Is the visibility worth it? Drawing on our experience as a global cybersecurity company partnered with one of the sport’s most recognizable teams, this article offers practical insights to help organizations decide whether such partnerships align with their business goals. F1 delivers global exposure that few properties can match. With an estimated 800 million fans worldwide and a race calendar spanning Europe, the Ameri…

Entrepreneurship has always required resilience—nearly half of new businesses don’t make it past five years. But today, the nature of running a business is shifting. It’s no longer just about how hard the work is—it’s about how constant it feels. I see this tension every day from the conversations I have with entrepreneurs from around the world. For many business owners, the mental load of running a business often overwhelms the joy of building it. For the modern small business owner, financial pressure is no longer a seasonal wave. It’s a steady, background hum of rising costs and economic volatility. New research into the “emotional tax” of running a small business …

When you think of an operating system, you probably think of interfaces to open, workflows to follow, screens to move through. Work has always lived inside those boundaries. At Anthropic, that logic is starting to break. The company is reorganizing itself around a simple, destabilizing premise: work no longer needs a fixed system to run through. Anthropic says employees now rely on Claude, its flagship AI model, along with its products Code and Cowork, for most of their day-to-day work. The model is starting to function as an “internal operating system.” What once required navigating multiple systems, stitching together data, and coordinating across teams now begins w…

We have a story we tell ourselves about productivity tools. The story goes like this: The more efficient we become, the more time we free up, and the more we can relax. We’ve been telling this story since the dishwasher. We’ve never once been right. Every tool that has made us more capable has raised the ceiling on what’s possible—and in doing so, has raised the floor on what feels acceptable. We don’t use reclaimed time to rest. We use it to produce more. And with each new capability, the gap between what we’re doing and what we theoretically could be doing gets wider, louder, and harder to ignore. The result is a feedback loop between productivity and anxiety th…