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Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier. Tokyo-based SoftBank Group Corp. said it sold the stake in Silicon Vally-based Nvidia in October, a move that reflects its shift in focus to OpenAI, owner of the artificial intelligence chatbot ChatGPT. SoftBank reported its profit in April-September soared to about 2.5 trillion yen (about $13 billion). Its sales for the six month period rose 7.7% year-on-year to 3.7 trillion yen ($24 billion), it said. The company’s fortunes tend to flu…

Amazon ushered in a new era for television advertising when it converted Prime Video into an ad-supported experience by default in 2024. By the middle of this year, some 130 million U.S. viewers were on Prime Video’s ad tier, watching between four and six minutes of ads per hour, according to an Adweek report. The move is part of the company’s long-term plan to dominate television advertising as viewership shifts from traditional broadcast and cable TV to streaming platforms. “The digital advertising landscape is rapidly evolving with streaming TV becoming mainstream,” says Kelly MacLean, VP of Amazon DSP, the company’s ad-buying platform. Under MacLean, Amazon’s…

The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already struggling economy. About 1.25 million federal workers haven’t been paid since October 1. Thousands of flights have been canceled, a trend that is expected to continue this week even as Congress moves toward reopening the government. Government contract awards have slowed and some food aid recipients have seen their benefits interrupted. Most of the lost economic activity will be recovered when the government reopens, as federal workers will receive back pay. But some canceled flights won’t be retaken, missed restaurant meals won’t be made u…

The Senate passed legislation Monday to reopen the government, bringing the longest shutdown in history closer to an end as a small group of Democrats ratified a deal with Republicans despite searing criticism from within their party. The 41-day shutdown could last a few more days as members of the House, which has been on recess since mid-September, return to Washington to vote on the legislation. President Donald The President has signaled support for the bill, saying Monday that “we’re going to be opening up our country very quickly.” The final Senate vote, 60-40, broke a grueling stalemate that lasted more than six weeks as Democrats demanded that Republicans negoti…

Shares in CoreWeave Inc are sinking this morning after the company revealed its third-quarter 2025 results yesterday. While the New Jersey-based AI infrastructure firm more than doubled its revenue from the same quarter a year earlier, it also revised down its full fiscal 2025 forecast, sending its stock price tumbling. Here’s what you need to know. What’s happened? Yesterday, AI infrastructure company CoreWeave announced financial results for its Q3 2025, which ended on September 30. There was some good news for the quarter, including revenue of nearly $1.4 billion (up 134% year over year) and a revenue backlog of $55.6 billion (up 271% YoY). Revenu…

Darin Fisher is a little older than the fresh-faced, newly minted PhD types you see roaming the well-appointed floors at OpenAI’s second location in San Francisco’s Mission Bay district. Before arriving at the AI super-startup, he spent 25 years working on some of the most important web browsers in the history of the web: He worked on Netscape Navigator, which helped define the early consumer internet. He worked on the popular Firefox browser at Mozilla, then went to Google, where he was a member of the Chrome team. After Google, he wanted to explore alternative browsers; he did so first at Neeva (which offered an ad-free experience), then at the Browser Company, whi…

A few months ago, I was lying in bed, lightly clutching my phone, when Instagram Reels presented me with a brief video that promised an impossible soap opera: There were animated cats—with feline faces but unmistakable human bodies—living seemingly human lives, including in a human-seeming house and also, for some totally unclear reason, at a seemingly human construction site. There was drama: A female cat appeared to have been knocked up. There was also, somehow, a related love triangle involving two far more muscle-y male cats vying for her affection. None of the cats actually spoke. Yet somehow the plot proceeded, with one cat winning the heroine’s heart. It was well r…

When you think of leaders you admire, you likely imagine them as authentic, at least in the sense of seeming genuine, real, and trustworthy. Science confirms this is usually the case. For example, data tells us that trustworthy leaders stand out for their “no thrills” patterns of behavior: They are, in other words, predictable, reliable, and unlikely to shock their employees or followers with erratic or excitable behavior that freaks them out. Furthermore, the best meta-analysis (quantitative review of hundreds of independent top studies) on personality and leadership tells us that one of the most consistent predictors of whether someone emerges as a leader,…

One of the many ways Americans practice gratitude in the month of November is by honoring those who have served in the U.S. military. This federal holiday is always observed on November 11—even if that falls on a weekday, as is the case this year. Many federal services take the day off to give workers time to observe Veterans Day. It can get a bit confusing to know how this impacts what’s open and closed. The ongoing federal government shutdown adds another layer of uncertainty. Before we clear all that up, let’s take a look at the history of the day. A brief history of Veterans Day World War I was supposed to be the war that ended all wars. On November 11,…

Affordable housing has gone in search of collaborations. Across the country, developers and cities have found a solution in pairing housing with unexpected projects to save money and build more vibrant communities. A wave of libraries, fire stations, and even Costco stores have been built below or adjacent to much-needed, lower-cost apartments. Now a new development in the Southern California city of San Juan Capistrano is sharing a lot with City Hall. Salida del Sol, a $31 million, 49-unit supportive housing development by Jamboree Housing Corp., opened this past July on a 2.2-acre site downtown. At a time when federal support for homeless services is waveri…

The newest plaza in Valencia, Spain, has everything one might expect from a public space in a temperate seaside Spanish city. Its five acres contain green space, a playground, ball courts, and walking paths, and the plaza connects to a new market hall, with restaurants and bars serving a wide range of local specialties. Next to all this—and the real reason for any of it existing at all—is Roig Arena, the new multipurpose stadium built for the men’s and women’s professional basketball teams of the Valencia Basket Club. The basketball arena is hardly the second thought here, but it’s much more a piece of this broader civic space than the typical pro sports facility.…

Every year, the $463 billion global footwear industry make 20 billion pairs of shoes for just 8 billion humans. Since virtually none of them are recyclable, they will end up clogging up landfills around the world. For decades now, the fashion industry has been on a mission to make products recyclable. But shoes have been a much harder puzzle to crack than clothing. While garments are made from just a handful of materials, shoes are far more complex objects. A sneaker can be made of 50 different materials from foam insoles to leather exteriors to cotton laces, all glued together with adhesives. A handful of brands have prototyped one-off recyclable shoes, like Adi…

When it comes to inquiring about—ahem—certain products, shoppers prefer the inhuman touch. That is what we found in a study of consumer habits when it comes to products that traditionally have come with a degree of embarrassment—think acne cream, diarrhea medication, adult sex toys, or personal lubricant. While brands may assume consumers hate chatbots, our series of studies involving more than 6,000 participants found a clear pattern: When it comes to purchases that make people feel embarrassed, consumers prefer chatbots over human service reps. In one experiment, we asked participants to imagine shopping for medications for diarrhea and hay fever. They were …

There are a lot of words marketers can’t seem to quit. “Unique.” “Authentic.” “Real.” But these are threadbare clichés, which have all but become nullified due to the erosion of their meaning, a dilution fueled by the desire for brands to be generally, yet specifically, for everyone. But “everyone” is not a target audience. It’s a comfortable void. What brands really need right now isn’t another lap around the buzzword block. It’s courage. Courage to lean into the one trait that could cut through in a world of algorithms, sameness, and mediocrity. Marketers need to be weirder. If you want a sociological anecdote of how weird wins, look no further than online dating. D…

My wife and I visited Singapore last week for the first time in a couple of years, and I was reminded how impressed I am with the country. It illustrates a great strategy point, the subject of this Playing to Win/Practitioner Insights (PTW/PI) piece, which borrows from Billy Preston, whose Billboard No. 1 hit song in October 1974, Nothing From Nothing, contained the immortal line: “Nothing from nothing leaves nothing.” This piece is a play on the line entitled Something From Nothing Leaves Something: How Strategy Choice Can Make Something out of Very Little. And as always, you can find all the previous PTW/PI here. Impressive Singapore The minute you land at Changi…

Below, Ranjay Gulati shares five key insights from his new book, How to Be Bold: The Surprising Science of Everyday Courage. Gulati is a professor of business administration at Harvard Business School. He is a leading expert on purpose-driven leadership and helps organizations unlock growth and meaning. What’s the big idea? Courage is essential in the uncertain world we live in. It allows us to expand our horizons, grow in unexpected ways, and reach our fullest potential by taking bold action. How to Be Bold provides a road map for understanding what courage really is, explains why it’s important in our personal and professional lives, and offers a set of pract…

“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so,” is a quote, often attributed to Mark Twain, that people like to repeat because it so captures our everyday experience. You can learn things that you don’t know, but it’s incredibly difficult to unlearn something you believe to be true. There’s real science behind this. Things we experience are packed away in our brain as the connections called synapses, which form and evolve over time. These connections strengthen as we use them and degrade when we do not. Or, as neuroscientists who study these things like to put it, the neurons that fire together, wire together.…

Most people recognize that when you’re answering email while walking your dog and listening in on a meeting, you’re bound to lose effectiveness. Whether it’s that awkward silence when your boss asks for your input and you didn’t hear it—or you stepping in something not so pleasant because you didn’t realize your dog had done his business right in front of you. The limitations of multitasking present themselves in an obvious fashion. But as a time management coach, I’ve seen that it’s not just trying to do too many small things at once that can trip you up. I also see people dramatically reduce their effectiveness when they try to do too many large things at once—a…

A business owner I know tends to only hire people in their twenties, under the assumption they bring new life into his business: new ideas, new innovations, new skills. And he’s sometimes right, especially in the specific. But in general? Science says his hiring approach is probably wrong. In a review of studies published by the National Bureau of Economic Research, researchers found that the age at which scientists and inventors reach their moment of “genius” is increasing: while the average age used to be younger, the majority now make their biggest contributions to their field after the age of 40. As the researchers write: This research consiste…

Every professional faces cycles consisting of booms, busts, restructurings, and reinventions. The difference between those who endure and those who fade isn’t luck or timing; it’s adaptability. In volatile economies, careers built on curiosity and agility thrive long after others stall. No market cycle lasts forever. Careers, like economies, move through expansions and contractions. It’s vital to continue upskilling, remain flexible, and adapt to market cycles. They are not always predictable, but the leaders who adapt, always learn, network, reflect, and rebalance will outperform the cycles. Adaptability Is the New Alpha In finance and beyond, resilience has …

What if I told you the single most important tool for growing your business is free? It doesn’t require fancy business cards, a corner office, or the latest app that tracks every data point in real time. It’s networking. Networking fuels growth, builds relationships, and keeps your business thriving. We live in a world moving at the speed of AI, where everything is changing all at once. As we streamline every aspect of life to be faster and more efficient, it only makes sense to modernize how we network. Before you overhaul your networking style, it’s important to remember the fundamentals, then build on them with new skills. Networking is everywhere, all th…

Neither government shutdown nor IT outage can stop the merger of Alaska Airlines and Hawaiian Airlines. On Oct. 15, Seattle-based Alaska achieved one of the first major tech milestones of the combination. All new bookings made after that day for travel on either airline took place on Alaska’s reservations system, or “passenger service system” (PSS) in airline parlance. And all existing bookings at Hawaiian after April 22, 2026 were moved over to the platform. This is what Charu Jain, senior vice president of merchandising and innovation at Alaska who is overseeing the guest-facing technology integration of Hawaiian, calls the “selling cutover.” The idea is th…

Executives like to say they are “integrating AI.” But most still treat artificial intelligence as a feature, not a foundation: they add a chatbot here, an automated report there, and call it transformation. That’s the same mistake companies made in the early days of the web: building websites as brochures instead of re-thinking their business models around digital interaction. AI is not a feature. It’s an architectural layer that will reshape every workflow, decision, and product. Those who treat it as decoration will fade, those who treat it as structure will lead. From automation to agency As product strategist Connor Davis noted, “every great company will …