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A reader writes: My brother-in-law works for a company of about 600, with branches of 80 or so in several cities across North America. His department had three employees who served their branch in an HR-type capacity. One employee moved, leaving only him and his manager to handle their caseload. This was okay. Then the manager left. The branch managers called my brother-in-law in and told him that he was now the acting manager but there would be no pay raise “at this time” but they appreciated his work and knew he could handle this opportunity. While the caseload on him went up, he was able to shift work to other branches so there were no late nights or long hours. Still, he was now in charge of a large branch’s department. He immediately started looking at other employment opportunities and after four months has secured a better position elsewhere. Had they offered up an initial pay bump of $10,000 or so, I wouldn’t even be writing this letter. But why do companies not think to raise the salaries of employees under these sorts of conditions? (Even good workplaces?) Now, old company has to: • Go through a hiring process (cost #1) • Bring in a temporary manager from another branch (cost #2) • Train someone who is new to the organization (cost #3) • There’s likely a hidden cost I haven’t thought of Meanwhile they lost someone who was considered strong enough to become head of their department with a title bump but not strong enough to get a pay bump. I continue to be perplexed. They underestimate people’s willingness to leave. They know people can leave; they just don’t think the person will go through the hassle of doing it. This is obviously absurd; people leave jobs all the time. But employers often overestimate their own power in these situations. The other thing that’s often at play is that the employer doesn’t really care that much if the person does leave. They figure if that happens, they’ll hire someone new — which they will. And yes, the costs involved in doing that (all the ones you laid out, plus the opportunity costs there are from having someone new who will take a while to master the job) usually exceed the amount of the raise they’d need to give to retain the person, so from that perspective the math doesn’t add up. Plus, if they end up having to replace the exiting employee with an external hire, they’re probably going to have to pay the external hire more than they were paying the person who left — because a new hire coming in off the street is far less likely than an internal hire to accept “we’re hiring you for a manager job but paying you for a level below that because the money isn’t there right now.” For what it’s worth, it’s possible that they didn’t want to hire your brother-in-law into the manager job permanently and just intended for him to be the interim fill-in while they searched for the permanent hire (which is why he was just acting manager). If that’s the case, well, they got the interim job covered at no extra cost to themselves for a while, and they might not care that much that now there’s turnover in his initial role. Mostly, though, it’s that they figure they can exploit people and so they do. The post why don’t more companies try to retain key employees with raises? appeared first on Ask a Manager. View the full article

Passage for vessels is designed to show Iran’s dominance over waterway and limit diplomatic isolation, analysts suspectView the full article

Google is doubling down on the infrastructure behind “agentic commerce,” introducing new capabilities to its Universal Commerce Protocol (UCP) while making it easier for retailers to plug in. Google says UCP — its open standard for connecting retailers to AI-powered shopping experiences — is getting new features designed to make online buying feel more like a traditional storefront, even when handled by automated agents. What’s new. The latest updates focus on making shopping via AI agents more functional and flexible. A new cart capability allows agents to add or save multiple products from a single retailer in one go, mirroring how a typical shopper builds a basket. There’s also a catalog feature, giving agents access to real-time product data such as pricing, inventory and variants when needed. The goal is to make interactions more accurate and responsive. Another addition is identity linking. This lets shoppers carry over logged-in benefits — like member pricing or free shipping — when using platforms connected through UCP, rather than losing those perks outside a retailer’s own site. Why we care. This update accelerates the shift toward AI-driven, agent-led shopping, where platforms like Search and the Google Gemini app may choose, compare and even purchase products on users’ behalf. That makes product data quality — pricing, inventory and feeds — very important for visibility, while simplified onboarding and support from platforms like Salesforce and Stripe suggest rapid adoption, giving early movers a competitive edge. Zoom out. UCP is designed as a modular system. Retailers and platforms can choose which capabilities to adopt, rather than implementing everything at once. That flexibility is key as the industry experiments with how much control to hand over to AI-driven shopping experiences. What Google is doing. Google plans to bring these capabilities into its own ecosystem, including AI-powered experiences in Search and the Google Gemini app. The company is also working to expand adoption by lowering the barrier to entry. A simplified onboarding process inside Merchant Center is expected to roll out over the coming months. Bottom line. UCP is evolving from a concept into a broader ecosystem play. By adding more capabilities and simplifying onboarding, Google is pushing to make agent-driven commerce easier to adopt — and harder to ignore. View the full article

We may earn a commission from links on this page. Smart home technology has really changed the way we live and work in our homes, giving us more control over our environment and appliances. We can now adjust the climate, monitor our resource consumption, and stream our media anywhere in the house with a tap of the finger or a few spoken words. But that convenience and power has come with a cost, and that cost is the, well, aesthetic of some of that smart tech. Smart devices are often clunky plastic monstrosities that insist upon taking over more than their fair share of flat surfaces. If you’re hoping for a more elegant, analog look—while still enjoying the benefits of modern smart tech in the house—the good news is that there are a lot of options for smart home technology that can be easily hidden (or at least made less obvious). Up to 5 Gbps with two auto-sensing 5 GbE ports and wireless speeds up to 3.9 Gbps; Supports 200+ devices and 2,000 sq. ft. of coverage (a 25 foot radius). eero Pro 7 tri-band mesh Wi-Fi 7 router $249.99 at Amazon $299.99 Save $50.00 Get Deal Get Deal $249.99 at Amazon $299.99 Save $50.00 Matter-Over-Thread Deadbolt Plus Apple Home Key - Keyless & Remote Access via Apple, Alexa, Google Home, SmartThings (Satin Nickel) Levl Lock Pro $349.00 at Amazon Get Deal Get Deal $349.00 at Amazon TP-Link KP200 $24.99 at Amazon Get Deal Get Deal $24.99 at Amazon Sonos In-Ceiling Speakers $499.00 at Amazon $729.00 Save $230.00 Get Deal Get Deal $499.00 at Amazon $729.00 Save $230.00 Slim Fit Wall Mount, Modern Frame Design, NQ4 AI Gen2 Processor, Art Mode, Artful Picture Quality, Samsung Vision AI, Alexa Built-in 65" The Frame Smart TV $1,097.99 at Amazon $1,697.99 Save $600.00 Get Deal Get Deal $1,097.99 at Amazon $1,697.99 Save $600.00 Sylvox 24'' Smart TV Bathroom Magic Mirror Waterproof LED TV $551.83 at Amazon $599.00 Save $47.17 Get Deal Get Deal $551.83 at Amazon $599.00 Save $47.17 SEE 3 MORE Use a wall-mounted, minimalist wifi routerPerhaps the ugliest device in your smart home is the most fundamental: Your router. You won’t get far with your smart home if your devices can’t connect to a robust network, but routers have become unattractive enough that people try hiding them in baskets or behind plants. Instead of hiding your router, try minimizing its visual presence. The eero Pro 7 is a solid WiFi 7 mesh router that not only has a sleeker look than most routers, it can be wall-mounted to get it off flat surfaces and out of the way. This isn’t exactly hidden, of course, but it’s a lot less noticeable and obtrusive than most routers. Hide your smart outlets, locks, and security systemsSmart stuff like outlets, locks, dimmers, and security tools offer a lot of peace of mind and control over your house, but they can also be bulky, making the place look cluttered—not exactly the sleek, cutting-edge vibe a smart home should offer. You can eliminate the clunky, though, with these products: The Level Lock Pro is a smart lock that looks like a traditional deadbolt and integrates inside your door, giving you a cleaner, more traditional look. Smart outlets like the Kasa KP200 or the Eve Energy Outlet eliminate the need for a bulky adapter, and they look like every other outlet in your house (and it’s not hard to replace your outlets DIY). The Lutron Diva Smart Dimmer works with Alexa, Apple Home, Google Assistant, Ring, and more, and offers a range of useful smart functions. But it also looks just like every other dimmer switch in the world, so you don’t have to worry about making your house look like the set of a bad sci-fi show. Home security can be smart, too, and when it comes to exterior cameras you might actually want them to be obvious so they can act as a deterrent. Other security options, like motion detectors, can add to your sense of safety but are often unsightly. Instead, choose the Aqara Zigbee Vibration Sensor, which is a slim, easily hidden tab that detects motion and alerts you immediately. Make your media less intrusive with flush-mounted smart speakers and hidden smart TVsSmart media devices let you take your entertaining to a whole new level and also make relaxing in your home more fun—but even the sleekest Bluetooth speaker can be an eyesore (and one more thing you have to keep track of). Products like the Sonos In-Ceiling speakers are installed flush with your ceiling and can be painted to match, making them all but invisible. Another option is in-wall speakers from Amina, which can be installed inside cabinets or covered by drywall, making them almost totally invisible. Another smart device that sticks out in most homes is the television. There’s no shame in having a TV as the focal point of your living room, but if you’d rather not have an enormous hunk of plastic and glass dominate the room, modern frame TVs like the Samsung’s The Frame transform into framed art when not in use as a TV, so you won’t have an ominous black screen marring your next cocktail party. Keep your bathroom clean and orderly with a smart mirror TVHaving a smart device in the bathroom is useful for checking the news and weather while you prep for your day, or jazzing up your bath time with some music or other media. But having a hunk of plastic on the limited counter space isn’t ideal, and wall-mounted TVs can be an eyesore in an otherwise clean and calming space. The Sylvox Magic Mirror TV, however, looks just like a bathroom mirror when not in active use, but blooms into a smart TV at the touch of a button, so you can play music, movies, live TV, or just get news and weather information. Make your kitchen sleek and tidy with smart countersKitchens have always been magnets for clutter. Countertop appliances, groceries, junk mail—everything winds up sitting on the counters, and there’s never enough counter space. One solution is to install smarter countertops. Products like Invisicook install induction burners under your countertop, so you can use it as both prep space and cooking space—no separate burners needed. This creates an elegantly minimalist look and gives you extra prep space when you’re not cooking. These have to be installed by professionals, and you might need to replace your current countertops as they have specific thickness and material requirements. Another way to make your kitchen invisibly smarter is the Freepower wireless charging countertops. This requires replacing your existing countertops with pieces that integrate the Freepower chargers, but once you do that, you can literally just drop your devices on the counter and they’ll charge—no bulky chargers or unsightly wires needed. View the full article

Happiness may be hard to quantify, but for the data-obsessed, the World Happiness Report is as close as you can get. The annual report, published by the Wellbeing Research Centre at the University of Oxford, leverages data from Gallup to rank every country in the world by self-reported life satisfaction. For the second year in a row, not a single English-speaking country has cracked the top 10. The exact reason is tough to pin down, but this year’s lead researchers point out one major factor that could be to blame. As per usual, Nordic countries dominate the top 10 happiest countries, with Finland claiming the number one spot for the ninth consecutive year. Iceland, Denmark, Sweden, and Norway are also in the top 10, positioning Northern Europe as the happiest region on the planet. Costa Rica also jumped to the top 5 for the first time, snagging the fourth place spot. The United States, meanwhile, finds itself in 23rd place. Happiness among those under age 25 in English-speaking and Western European countries has been on a decline over the past decade, with happiness, as ranked on a scale from 0 to 10, dropping by nearly a full point. While happiness has innumerable contributing factors, the leaders of this year’s World Happiness Report point to one major culprit for declining life satisfaction: overuse of social media. Social media use is particularly concerning among teenagers, the report said, pointing to a study from the Programme for International Student Assessment that surveyed 15-year-old students across 47 countries. Those who used social media for more than seven hours a day had significantly lower wellbeing compared to those who used it for less than an hour. Another study sampled U.S. college students, with the majority saying they wish social media platforms didn’t exist at all, and that they only use them because their peers do. Blanket internet usage isn’t the culprit, the report says, but the ways in which the internet is used. Some applications of the internet can actually increase happiness, including communications, news, learning, and content creation—though these uses, too, were found to decrease life satisfaction at very high rates of use. On the flip side, social media, gaming, and browsing for fun are correlated with lower life satisfaction. But young people who use social media for less than an hour a day have the highest life satisfaction of their demographic, even more than those who don’t use it at all. The data points to moderation as the key to happiness: Social media isn’t inherently a negative factor in life satisfaction, but its widespread overuse is. “It is clear that we should look as much as possible to put the ‘social’ back into social media,” Jan-Emmanuel De Neve, co-editor of the report, told the Associated Press. View the full article

In regard to enhancing workplace skills, comprehension of the top employee development training programs is essential. Effective onboarding sets the stage for new hires, whereas peer-to-peer training nurtures collaboration. Technical skills and product training keep employees up-to-date, and compliance and ethical training guarantee adherence to regulations. Leadership training develops future managers, and customer satisfaction techniques boost client interactions. Each program plays a significant role, but which ones will truly enhance your team’s performance? Key Takeaways Effective onboarding programs enhance understanding of company culture, increasing productivity by up to 60% for new hires. Technical skills training through hands-on workshops and online modules boosts operational efficiency by up to 17%. Regular product training sessions improve employee confidence and sales effectiveness, leading to better customer experiences. Compliance training raises awareness of legal requirements, reducing compliance-related issues in regulated industries. Leadership and managerial training fosters essential skills, resulting in a 30-50% increase in employee engagement and retention. Employee Onboarding Training When you start a new job, effective employee onboarding training is vital for helping you understand the company’s structure, culture, and processes. This training often incorporates employee development activities, such as career progression frameworks and skills gap analysis, which can improve your engagement and retention. Utilizing employee training and development software helps streamline this process, ensuring you receive the necessary information efficiently. Structured onboarding programs can enhance your performance and reduce your time-to-productivity by up to 60%. Regular check-ins during this phase promote transparency about promotion policies and career advancement opportunities, contributing to your overall satisfaction. Peer-to-Peer Training Peer-to-peer training is an impactful method for enhancing collaboration and knowledge sharing among employees. Knowledge Sharing Benefits Knowledge sharing through peer-to-peer training offers numerous benefits that improve workplace collaboration and culture. This approach cultivates teamwork by enabling employees to share their knowledge and skills, breaking down silos within your organization. New hires learn from experienced colleagues, allowing for smoother shifts and quicker integration into your employee training system. Furthermore, job rotation programs diversify skills and prepare employees for leadership roles. Benefit Description Impact on Organization Improved Collaboration Employees share knowledge and skills Breaks down silos, promotes teamwork Faster Onboarding New hires learn from seasoned employees Quicker integration into the company Skill Diversification Job rotation exposes employees to various roles Prepares for future leadership Increased Engagement Employees feel valued and empowered Boosts retention rates Collaboration Across Departments Building on the benefits of knowledge sharing, collaboration across departments through peer-to-peer training plays a pivotal role in nurturing a cohesive work environment. This training cultivates a collaborative atmosphere where employees share knowledge and skills, reducing siloed work. Pairing new hires with experienced employees smooths their integration, enhancing retention rates. Presentations between departments, such as sales sharing insights with marketing, break down barriers and promote a holistic comprehension of the company’s goals. Furthermore, incorporating job rotation programs allows employees to experience diverse roles, diversifying skills and identifying future leaders. Research indicates that organizations with effective peer learning and job rotation programs see increased employee engagement, motivation, and overall productivity, making this approach invaluable for organizational development. Enhanced Engagement Opportunities In today’s fast-paced work environment, nurturing improved engagement opportunities through peer-to-peer training can greatly benefit both employees and organizations. This approach cultivates a collaborative atmosphere, allowing team members to share knowledge and skills, which boosts team culture and breaks down siloed work practices. By encouraging presentations across departments, communication improves, leading to greater organizational efficiency. New hires, when paired with experienced mentors, integrate more smoothly and accelerate their learning process. Job rotation within these programs further promotes diverse skills and perspectives, preparing employees for future leadership roles. Organizations implementing peer-to-peer training often report higher employee engagement and retention rates, as team members feel empowered and valued through these collaborative learning experiences. Technical Skills Training As technology swiftly evolves, technical skills training has become vital for employees looking to stay relevant in their roles. This type of training helps you adapt to new technologies and tools, ensuring you remain competitive in your industry. Programs typically include hands-on workshops, online learning modules, and simulations that provide practical experience and reinforce theoretical knowledge. Companies investing in technical training often see productivity increases, with some studies reporting up to a 17% boost in operational efficiency. Customized training improves employee satisfaction since you’ll feel more competent and confident in your abilities to perform job functions effectively. Continuous technical skills training is important for keeping pace with rapid advancements, helping you avoid skills gaps that could hinder your career progression. Leadership and Managerial Training Effective leadership and managerial training is crucial for anyone looking to improve their ability to guide teams and drive organizational success. These programs focus on critical skills like effective communication, decision-making, and team motivation. By incorporating real-world scenarios and simulations, you can practice leadership skills in a safe environment, gaining immediate feedback on your performance. Organizations investing in leadership development often see a 30-50% increase in employee engagement and retention, underscoring the importance of nurturing future leaders. Furthermore, these training programs typically include coaching and mentoring components, allowing you to learn from experienced leaders who provide personalized guidance to elevate your capabilities. Ultimately, effective leadership training aligns with organizational goals, ensuring you’re equipped to drive company performance and promote a positive workplace culture. Product Training Product training is essential for ensuring you fully understand your organization’s offerings, including their features and benefits. By mastering effective communication techniques and aligning your knowledge with market strategies, you’ll be better equipped to address customer needs. This training not only improves your sales performance but likewise strengthens your connection to the company’s mission, eventually driving customer satisfaction and revenue growth. Comprehensive Product Knowledge Grasping extensive product knowledge is essential for employees, as it empowers them to effectively meet customer needs and improve sales performance. In-depth product knowledge training equips you with a deep comprehension of your organization’s offerings, including features, benefits, and practical applications. This training additionally covers insights into target markets and competitive advantages, enabling you to communicate effectively with customers. By nurturing a thorough grasp of products, you can increase customer satisfaction and loyalty, as you’ll be better prepared to address inquiries and provide customized solutions. Engaging in regular training sessions allows for valuable feedback and collaboration among teams, leading to innovative approaches. In the end, this training aligns you with your organization’s mission, enhancing the overall customer experience. Market Alignment Strategies Grasping market alignment strategies is crucial for maximizing the impact of product training programs. These programs equip you with a thorough comprehension of your organization’s offerings, including features, benefits, and target markets. This knowledge enables you to effectively communicate value to customers. By aligning your training with the organization’s mission, you promote a sense of belonging and commitment to customer satisfaction. Including feedback from non-product team members can improve your ability to convey product advantages, leading to innovative approaches. Research shows that effective product training increases sales effectiveness, allowing you to address customer inquiries and concerns more confidently. Organizations prioritizing robust product training often experience enhanced customer experiences, resulting in higher retention rates and increased revenue. Effective Communication Techniques Effective communication techniques are essential in product training, as they empower employees to clearly articulate the benefits and features of offerings to customers. Incorporating role-playing and scenario-based learning can boost your confidence in customer interactions, leading to improved experiences. Studies indicate that employees trained in these techniques are 25% more likely to successfully convey product value, improving conversion rates. Moreover, seeking feedback from non-product team members during training nurtures fresh perspectives, allowing you to understand how products meet audience needs better. Regularly updating training materials to reflect market trends and customer feedback guarantees that you stay equipped with the latest information, ultimately improving your communication effectiveness and driving sales success. Compliance Training When you participate in compliance training, you’re not just fulfilling a requirement; you’re gaining a crucial understanding of the laws and regulations that govern your industry. This training raises awareness of essential areas like data protection, information security, and health and safety, ensuring you understand the legal standards. It outlines best practices to mitigate compliance risks, particularly in regulated industries, by informing you of the consequences of non-compliance. Regular updates to compliance training are necessary to reflect changes in laws, keeping you informed about current requirements. Companies investing in extensive compliance programs often see a decrease in compliance-related issues, leading to significant cost savings over time. Area of Compliance Key Focus Importance Data Protection Safeguarding personal information Avoiding data breaches Information Security Protecting company assets Preventing cyber threats Health and Safety Ensuring workplace safety Reducing accidents and liabilities Regulatory Updates Keeping abreast of legal changes Maintaining compliance Risk Management Identifying and mitigating risks Protecting company reputation Ethical Training Even though compliance training lays the groundwork for comprehending the legal standards within your industry, ethical training takes a step further by aligning your actions with the values of your organization. This training cultivates a culture of integrity and accountability, ensuring that you understand the importance of the code of conduct and diversity. It addresses critical workplace issues, such as sexual harassment, promoting respectful interactions among colleagues. Effective ethical training equips you to reflect on the broader impact of your decisions on clients and the community, enhancing overall workplace morale. By addressing ethical dilemmas and reinforcing compliance with organizational standards, this training helps mitigate risks associated with unethical behavior. Organizations prioritizing ethical training often see improved employee engagement and satisfaction, as it empowers you to act consistently with your values and the company’s mission. In the end, ethical training is crucial for creating a positive work environment that benefits everyone involved. Frequently Asked Questions What Is the 70 20 10 Rule for Training? The 70-20-10 rule for training suggests that effective learning occurs in three main ways. Seventy percent of your learning comes from hands-on experience, like real-world tasks and projects. Twenty percent is derived from social interactions, such as feedback and mentorship from colleagues. Finally, only ten percent stems from formal education, including structured courses and workshops. This model emphasizes the importance of practical application and collaboration for maximizing skill development in any training program. What Are the 7 Steps to Create an Effective Training Program? To create an effective training program, start by conducting a needs assessment to identify skill gaps. Involve leadership to guarantee their support. Next, outline clear training objectives aligned with organizational goals. Develop diverse training formats to cater to different learning styles. Incorporate continuous feedback mechanisms to assess effectiveness. Finally, measure the program’s impact using key performance indicators before, during, and after implementation to demonstrate results and secure further investment in training. What Are Your Top 3 Development Areas? Your top three development areas should focus on technical skills, leadership capabilities, and employee well-being initiatives. Enhancing technical skills can boost productivity markedly, whereas strong leadership development prepares you for greater responsibilities and improves team engagement. Furthermore, prioritizing employee well-being through wellness initiatives is essential for maintaining mental and physical health, which directly influences productivity and reduces burnout. Identifying these areas will align your growth with organizational goals effectively. Which Training Method Is Most Effective for Developing Leadership Skills? Hands-on workshops combined with real-world simulations are often the most effective methods for developing leadership skills. These approaches allow you to practice decision-making, communication, and conflict resolution in realistic scenarios. Furthermore, mentorship programs can further accelerate your growth by connecting you with experienced leaders who provide guidance and feedback. Continuous performance reviews also play an essential role, ensuring you receive constructive feedback that aligns your development with organizational goals. Conclusion In summary, implementing these top employee development training programs can greatly improve your workforce’s skills and overall performance. By focusing on onboarding, peer-to-peer learning, and targeted training in technical, leadership, compliance, and ethical areas, you create a well-rounded development experience. This not just boosts employee engagement and productivity but also guarantees that your team is equipped to meet organizational goals effectively. Investing in these programs is crucial for cultivating a competent and adaptable workforce in today’s competitive environment. Image via Google Gemini and ArtSmart This article, "Top 7 Employee Development Training Programs to Boost Skills" was first published on Small Business Trends View the full article

Your local Macy’s might not be closing its doors as soon as previously expected. On Wednesday, the department store chain confirmed a major change involving a previously announced plan to permanently shutter 150 stores. In an earnings call, CEO Tony Spring revealed that “several major milestones” had been hit last year, citing a return to “positive comparable sales for total Macy’s Inc. and Macy’s Nameplate.” The retail boss said Macy’s success marked “an important inflection point” for the chain, as the brand hit “better-than-expected” results in every quarter, and “delivered adjusted diluted EPS well above” the chain’s own guidance. On that same call, Macy’s CFO Tom Edwards confirmed that the chain still plans to close 65 locations to complete the 150 store closures that had been planned since 2024. However, the closures will take place over an extended timeline. “With our strong balance sheet and cashflow generation, we can be flexible on timing of transactions,” Edwards said. “In order to maximize value of remaining assets, we now expect closures through 2028.” Macy’s had initially announced that the closures would take place through 2026. Building a “bold new chapter” Reflecting on since-implemented changes, Spring said he believes. Macy’s will continue to “build momentum.” He also mentioned strong growth at Bloomingdale’s stores, renewed multi-generational interest, and the utilization of AI to build “capabilities throughout the organization.” The hopeful news comes after Macy’s announced its “Bold New Chapter” plan in 2024, which included cutting 150 underperforming stores over three years and investing in its best-performing stores. It involves reimagining hundreds of locations with upgrades, focusing on the customer experience, and making some major cuts. In an update last January, the company confirmed that it would axe 66 of its stores in 2025. It wasn’t long after that Macy’s started to see promising results. In September, for example, it announced its first increase in sales since 2022. And in a letter to employees this January, Spring said the plan to focus on well-performing stores was working in a letter to employees. Shares of Macy’s Inc (NYSE: M) have struggled this year, with the stock down roughly 22% year to date. But the stock has seen gains of around 30% over the past 12 months. “We are seeing customers respond through strong performance in our go-forward business, record Net Promoter Scores, and improved results over the first three quarters,” Spring stated, while confirming that 14 stores were still slated to close in March of this year. Which Macy’s locations are closing this year? As Fast Company reported in January, previously announced closing stores in 2026 include locations in California, Michigan, Minnesota, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Texas, and Washington. A Macy’s spokesperson told Fast Company that the company has closed 85 locations thus far, but it has not shared a list of possible future closure locations. Regardless of the clear gains that Macy’s has made since its 2024 announcement, the company’s leaders still gave modest predictions for the rest of 2026, noting that it would be a challenging year with lower sales than 2025. Macy’s projects full-year revenue between $21.4 billion and $21.65 billion, below 2025’s $21.8 billion. View the full article

In an era where technology drives business growth, the expansion of AI data centers by Oracle promises a significant boost for local economies, particularly for small businesses. These modern facilities are not just about servers; they represent a fusion of advanced technology and community development, opening doors to a multitude of job opportunities. Oracle’s AI data centers, strategically located in places like New Mexico, Texas, Michigan, and Wisconsin, are expected to create nearly 8,000 jobs in operational roles when fully functional. This figure is remarkable, considering hundreds of construction jobs arise even before the first data center begins to operate. For instance, the site in Abilene, Texas, alone has already engaged over 8,000 construction workers. Local construction jobs also benefit small businesses. As Oracle builds these vast infrastructures, local suppliers and service providers will be actively involved, translating into additional economic activity within the region. “This level of construction activity supports not only the workforce but also small businesses contributing to overall regional growth,” said an Oracle spokesperson. Beyond construction, these data centers are creating a range of operational roles, from data center technicians to logistics professionals. They represent an ideal opportunity for community members who might lack previous experience in high-tech industries. Oracle’s commitment to hiring locally emphasizes the importance of community involvement. The jobs are varied, allowing entry for people with diverse backgrounds, making them accessible to many former military personnel and civilians alike. The potential for career advancement is also high. Oracle has a commitment to workforce development, aiming to equip individuals with hands-on training through their Data Center Oracle Pathways Trainee program. This initiative provides structured mentorship and real-world experience to prepare participants for operational roles. The first cohort in Abilene surpassed expectations, showcasing the program’s effectiveness and paving the way for future training sites. In addition to local talent, Oracle emphasizes its commitment to helping military veterans transition into civilian roles. This is achieved through partnerships with educational institutions like Saint Martin’s University, offering specialized training for data center technician roles. Veterans bring valuable experience in operating mission-critical systems, which aligns perfectly with the needs of tech operations. While the potential benefits are significant, small business owners should also consider some challenges that come with this rapid expansion. The influx of jobs may create competition for local talent, making it necessary for smaller businesses to enhance their employment packages to attract skilled workers. Additionally, small businesses might need to ramp up their capacity to meet increased demand from the data center workforce for services like food, transportation, and other essential needs. Through its Oracle Academy, the company also invests in educational programs that prepare students for technology careers. High school and college students can access curricula focused on cloud infrastructure, information systems, and project management, effectively building a local talent pipeline that small businesses can draw from in the future. Ultimately, the growth of AI data centers signifies much more than job creation; it represents a shift in how small businesses can thrive in a technology-driven landscape. As Oracle forges a path to enhance local economies, taking proactive steps—like investing in workforce development and local partnerships—can yield long-term benefits for communities. For more information on this initiative, you can read the original press release from Oracle here. Image via Google Gemini This article, "Oracle’s AI Data Centers to Create Thousands of Local Jobs and Training Paths" was first published on Small Business Trends View the full article

We may earn a commission from links on this page. Deal pricing and availability subject to change after time of publication. There's nothing sweeter than listening to your favorite album or watching your favorite movie with pristine audio. And if you're a true audiophile, few brands approach the quality Sonos can offer. Right now, Sonos is offering major discounts in the lead-up to Amazon's Big Spring Sale, and the Sonos Beam G2 + Sub Mini combo in particular stands out; it's currently $749, a 25% drop from the $998 list price and the lowest price it yet reached, according to price tracking tools. Sonos Beam G2 + Sub Mini - White $749.00 at Amazon $998.00 Save $249.00 Get Deal Get Deal $749.00 at Amazon $998.00 Save $249.00 Sonos Beam G2 + Sub Mini - Black $749.00 at Amazon $998.00 Save $249.00 Get Deal Get Deal $749.00 at Amazon $998.00 Save $249.00 SEE -1 MORE This soundbar and subwoofer combo is perfect for those who want to keep things minimalistic, whether for space or aesthetic reasons, without sacrificing sound quality. The deal includes the Sonos Beam Gen 2, which normally goes for $499, and the Sonos Sub Mini, which normally also goes for $499. The Sonos Beam Gen 2 arrived in 2021 with Atmos compatibility, eARC connectivity, NFC connectivity, and a better processor than the Gen 1 from 2018. As a smart soundbar, it supports both Google and Alexa voice assistants, as well as AirPlay. Its flat, tablet-like design (measuring 2.7 x 25.7 x 4.0 inches) makes it extremely compact, yet it still produces big sound, as noted in PCMag's "excellent" review. The Sonos Sub Mini is a smaller and more affordable version of the Sonos Sub Gen 3, perfect for a small apartment. You can learn more about it in CNET's review. The Sonos companion app has improved dramatically over the years, making for a much better experience, adding features like Sonos TruePlay, which calibrates the speaker based on its environment. Our Best Editor-Vetted Amazon Big Spring Sale Deals Right Now Apple AirPods 4 Active Noise Cancelling Wireless Earbuds — $148.99 (List Price $179.00) Apple iPad 11" 128GB A16 WiFi Tablet (Blue, 2025) — $299.00 (List Price $349.00) Sony WH1000XM6- Best Wireless Noise Canceling Headphones — $398.00 (List Price $459.99) Apple Watch Series 11 (GPS, 42mm, S/M Black Sport Band) — $299.00 (List Price $399.00) Blink Video Doorbell Wireless (Newest Model) + Sync Module Core — $35.99 (List Price $69.99) Ring Indoor Cam Plus 2K Wired Security Camera (White) — $39.99 (List Price $59.99) Fire TV Stick 4K Max Streaming Player With Remote — $34.99 (List Price $59.99) Deals are selected by our commerce team View the full article

The Ohio-based lender is accusing Atlantic Coast Mortgage of stealing customers, while a Chicago bank is accusing Lower of raiding a Maryland branch. View the full article

Contradictory accounts of attack underscore challenges of managing widening conflict View the full article

For the second week in a row, the 30-year fixed increased by 11 basis points, Freddie Mac found, a result of reaction to oil price hikes from the Iran conflict. View the full article

Current commercial mortgage rates can greatly affect your financing decisions, with variations depending on loan type and amount. For instance, multifamily loans over $6 million have an interest rate of 5.16%, whereas those under $6 million rise to 5.60%. Other options include retail mortgages at 6.07% and SBA 504 loans at 6.50%. Comprehending these rates is essential, as they reflect ongoing market trends and economic conditions. What factors should you consider when steering through these rates? Key Takeaways Multifamily loans over $6 million have a 5.16% interest rate, while those under $6 million have a 5.60% rate. Commercial retail mortgages currently feature a 6.07% interest rate with a 75% loan-to-value (LTV) ratio. SBA 504 loans are available at a 6.50% interest rate with a 90% LTV ratio. Bridge loans carry a higher interest rate of 9.00%, also with an 80% LTV ratio. Fannie Mae and Freddie Mac loan rates range from 5.60% to 7.15%, depending on the LTV and loan type. Commercial Mortgage Rates as of December 1, 2025 As of December 1, 2025, commercial mortgage rates reflect a diverse terrain for various property types and loan sizes. For multifamily loans over $6 million, you’ll find an interest rate of 5.16%, with a loan-to-value (LTV) ratio of up to 80%. If you’re looking at multifamily loans under $6 million, expect a slightly higher rate of 5.60%, still maintaining that 80% LTV limit. The commercial retail mortgage rate stands at 6.07%, allowing for an LTV of up to 75%. If you’re considering SBA 504 loans, they’re currently offered at a rate of 6.50%, with a generous LTV allowance of 90%. For those needing quick financing, bridge loans are available at a higher rate of 9.00%, but keep in mind that they likewise have an LTV limit of 80%. Comprehending these rates can help you make informed decisions in your financing expedition. Current Interest Rates on Commercial Loans What factors should you consider when evaluating current interest rates on commercial loans? First, note that multifamily loans over $6 million have an interest rate of 5.16%, whereas those under $6 million are at 5.60%. For commercial retail mortgage rates, expect an average of 6.07% with a loan-to-value (LTV) ratio up to 75%. If you’re looking at SBA 504 loans, the rate is 6.50% with a higher LTV of 90%. Keep in mind that apartment loans typically have lower rates than office properties. If you’re considering bridge loans, be prepared for a higher interest rate of 9.00%, capped at an LTV of 80%. Comprehending the current interest rates for investment property can help you make informed decisions with Freddie Mac, ensuring you choose the best financing option for your needs. Current Commercial Mortgage Terms When evaluating current commercial mortgage terms, it’s crucial to grasp the specifics that may impact your financing options. Commercial lending companies offer various mortgages, each customized to different property types and borrower profiles. For instance, commercial mortgage rates for multifamily loans over $6 million stand at 5.16%, with a loan-to-value (LTV) ratio of up to 80%. Conversely, commercial retail mortgages have a higher rate of 6.07% but a lower LTV limit of 75%. If you’re a business owner, consider the SBA 504 loan, which provides a rate of 6.50% and an attractive LTV of up to 90%. Current market conditions furthermore suggest a preference for short-term deals with lower prepayment penalties, as borrowers seek flexibility amidst fluctuating interest rates. Grasping these terms can help you make informed decisions about your commercial financing needs. Overview of Commercial Mortgage Rates in Early 2025 In early 2025, you’ll notice that the Federal Reserve‘s recent rate cuts have sparked changes in commercial mortgage rates. As the 10-year treasury rate climbs to over 4.50%, the relationship between short-term and long-term rates becomes increasingly complex, affecting your borrowing options. Many borrowers are now leaning in the direction of shorter-term loans with lower prepayment penalties, as they anticipate potential further rate cuts later this year. Federal Reserve Rate Changes As the Federal Reserve implemented a series of rate cuts in early 2025, the environment of commercial mortgage rates experienced notable shifts. The Fed reduced the federal funds rate by 75 basis points across three meetings, but long-term treasury rates rose considerably, leading to increased financing costs for borrowers. Here’s what you need to know: The 10-year treasury rate jumped from 3.70% to over 4.50%. Multifamily and CMBS loans faced notable fluctuations. Preference shifted towards bank and credit union loans. The Fed hinted at potential further rate cuts in 2025. These changes impacted overall commercial mortgage rates. Navigating this evolving environment is essential for comprehending your borrowing options and making informed financial decisions. Long-Term Treasury Trends With the Federal Reserve’s recent rate cuts, comprehending the trends in long-term treasury rates is crucial for grasping the terrain of commercial mortgage rates in early 2025. In spite of a reduction in short-term rates, long-term treasury rates have shown an upward trend, with the 10-year treasury rate rising from 3.70% to over 4.50% by January 2025. This increase has directly impacted commercial mortgage rates, as lenders adjust their offerings in response. As of December 2025, multifamily loans over $6 million have rates at 5.16%, whereas commercial retail mortgages are at 6.07%. Market expectations of potential future rate cuts from the Federal Reserve could further influence long-term treasury rates and, in turn, commercial mortgage rates. Refinancing and Broker Advantages In today’s commercial mortgage environment, many borrowers face cash-short situations, making refinancing a crucial step to maintain cash flow. Working with a commercial mortgage broker can give you access to a broad range of capital sources, allowing you to secure more favorable loan terms in spite of rising interest rates. Cash Short Situations Maneuvering cash-short situations in commercial real estate can be challenging, especially when rising mortgage rates strain your financial resources. If you’re facing difficulties, consider the following strategies: Assess your current cash flow and identify areas for improvement. Explore refinancing existing loans to secure better commercial mortgage rates. Involve equity partners to bolster your financial position. Leverage the experience of commercial mortgage brokers for diverse borrowing options. Demonstrate solid creditworthiness to improve your refinancing opportunities. In these scenarios, it’s essential to act swiftly. The right approach, combined with expert guidance, can help you navigate cash-short situations effectively. Access to Capital Sources Maneuvering cash-short situations in commercial real estate often leads borrowers to seek access to capital sources for refinancing. With rising mortgage interest rates in Washington state, you may find it crucial to work with refinance banks. This approach helps identify current ARM mortgage rates and investment property loan rates today. Capital Source Advantages Commercial Brokers Access to diverse financing options Direct Lenders Potentially lower rates Private Equity Firms Flexible terms and faster approvals Engaging with a commercial mortgage broker can simplify your refinancing experience, offering customized solutions to navigate the intricacies of securing financing, especially in a fluctuating market. Loan Types and Terms When exploring commercial mortgage options, it’s essential to understand the various loan types and terms available to you. Each loan type comes with its own unique characteristics, rates, and terms that can greatly impact your investment. Multifamily loan rates can range from 5.16% to 5.60% based on loan amounts and LTV ratios. Commercial retail mortgage rates currently stand at 6.07% with an LTV of up to 75%. SBA 504 loans are available at 6.50%, allowing for a higher LTV of 90%. Bridge loans offer short-term financing at higher rates, around 9.00%, with an LTV of up to 80%. Non-recourse options are available, providing less liability in case of default, particularly in CMBS loans. Understanding these options helps you make informed decisions customized to your financial goals and risk tolerance. Multifamily Loan Rates Multifamily loan rates play a significant role in the financing environment for those looking to invest in residential properties with multiple units. As of December 1, 2025, the interest rate for multifamily loans over $6 million is 5.16%, whereas those under $6 million have an interest rate of 5.60%. Both options come with a loan-to-value (LTV) ratio of up to 80%. Here’s a quick overview of the current multifamily loan rates: Loan Amount Interest Rate Loan-to-Value Ratio Over $6 million 5.16% Up to 80% Under $6 million 5.60% Up to 80% Tiered Pricing Varies 55% to 80% Additionally, investors can take advantage of non-recourse loans, which limit personal liability and offer greater security in this asset class. CMBS Rates CMBS rates, which are crucial for investors seeking stable financing for commercial properties, currently range from 6.07% to 6.99% for 10-year fixed loans, depending on the property type and its associated risk profile. These loans often come with amortization terms of up to 30 years, providing long-term financing options. Here are some key points to reflect on about CMBS rates: Loan-to-value (LTV) ratios can reach up to 75% for purchases and refinances. CMBS loans are ideal for properties with stable cash flows and long lease terms. Cash-out refinances are permitted, allowing you to leverage equity. Investors appreciate the predictability of 10-year fixed loans. These commercial mortgage-backed securities are well-suited for long-term exit strategies. Understanding these factors can help you make informed decisions when exploring CMBS financing options for your commercial investments. Fannie Mae and Freddie Mac Loans When considering financing options for multifamily properties, Fannie Mae and Freddie Mac loans stand out with fixed rates and manageable terms. Fannie Mae offers rates between 5.60% and 7.15%, whereas Freddie Mac‘s range is slightly narrower, from 5.93% to 6.12%. Both programs cater to loan amounts from $1.5 million to $6 million, making them accessible choices for many investors. Loan Amounts and Terms Fannie Mae and Freddie Mac loans cater to borrowers looking for financing in the range of $1,500,000 to $6,000,000, making them a popular choice in the commercial mortgage market. Here are some key features of these loans: Fannie Mae Small Balance loans range from $1,500,000 to $6,000,000, with fixed rates typically between 5.60% and 7.15%. Freddie Mac Small Balance loans offer rates from 5.93% to 6.12%, likewise within the same range. Both loans have loan-to-value (LTV) ratios up to 80% for purchases and 75% for refinances. They feature simplified underwriting processes, making it easier to secure financing. They provide non-recourse financing options, appealing to investors seeking lower servicing costs and risk mitigation. Interest Rates Comparison Although both Fannie Mae and Freddie Mac loans serve similar markets, their interest rates reveal notable differences that can greatly impact your financing decisions. Fannie Mae Small Balance rates range from 5.60% to 7.15%, making them more attractive for seasoned investors, particularly with lower servicing costs. Conversely, Freddie Mac rates fall between 5.93% and 6.12%, slightly higher for similar loan amounts. Current mortgage rates in Austin may likewise reflect these trends, affecting your mortgage refinance rates for a 20-year fixed term. Comprehending what mortgage rates are based on, including market conditions, is essential. If you’re considering refinancing, pay attention to the interest rates for a 15-year refinance, as they can greatly influence your overall costs. Applying for Multifamily Loans Have you considered applying for a multifamily loan? Comprehending the requirements is vital for a smooth application process. Here are some key points to keep in mind: You’ll need a current rent roll showing at least 90% occupancy. A 12-month operating history is fundamental to demonstrate cash flow. Lenders look for sufficient multifamily experience, net worth, cash liquidity, and a solid credit rating. Loan amounts typically range from $1,500,000 to $6,000,000, with potential increases in larger markets. Non-HUD/Fannie Mae/Freddie Mac loans can be secured through banks or credit unions. When applying, lenders will evaluate property cash flow, borrower creditworthiness, and the Debt Service Coverage Ratio (DSCR). The interest rate for investment property today may vary based on factors like current mortgage rates in Seattle, WA, and whether you’re considering a 7-year fixed mortgage. Commercial Mortgage Application Considerations When applying for a commercial mortgage, understanding the key considerations can greatly impact your success. One vital factor is the debt service coverage ratio (DSCR), which lenders use to evaluate your ability to meet mortgage payments. A higher DSCR indicates better cash flow, boosting your chances for loan approval. Moreover, the creditworthiness of the borrower, including your credit score and financial history, plays a significant role in the commercial mortgage application process. Lenders want to see that you can manage financial responsibilities effectively. The type and location of your property are significant, as different asset classes carry varying risk profiles. To improve your credibility and increase approval chances, it’s important to present a thorough business plan and demonstrate relevant experience. Frequently Asked Questions What Is the Current Commercial Loan Rate? You’re likely interested in the current rates for commercial loans, which vary based on the type of loan and amount. For multifamily loans exceeding $6 million, the rate is 5.16%, whereas those under $6 million are at 5.60%. Retail mortgages are currently 6.07%, and SBA 504 loans are 6.50%. If you’re considering a bridge loan, expect a higher rate of 9.00%. Each option has specific loan-to-value ratios that can impact your financing decisions. What Is a Typical Interest Rate on a Commercial Loan? A typical interest rate on a commercial loan varies based on factors like the type of property and the loan’s specifics. For multifamily properties, rates might range from 5% to 6%, whereas bridge loans can be higher, around 9%. Furthermore, your loan-to-value ratio and debt service coverage ratio influence the rate you receive. Typically, higher-quality assets secure lower rates, reflecting their perceived risk to lenders in today’s market. What Is the Loan Interest Rate for Commercial Property? The loan interest rate for commercial property varies based on factors like property type and borrower creditworthiness. For instance, multifamily loans over $6 million might’ve rates around 5.16%, whereas smaller loans could be at 5.60%. Retail properties typically see higher rates, like 6.07%. Furthermore, SBA 504 loans and bridge loans have rates of 6.50% and 9.00%, respectively, reflecting their different risk profiles and terms. Always compare options before committing. What Is the Current Commercial Bank Interest Rate? Right now, commercial bank interest rates depend on the type and amount of the loan. For instance, multifamily loans over $6 million typically have rates around 5.16%, whereas those under $6 million are at 5.60%. Retail mortgages are higher at 6.07%. Furthermore, SBA 504 loans are set at 6.50%, and bridge loans can reach 9.00%. Factors like property location and borrower creditworthiness greatly influence these rates. Conclusion In conclusion, comprehending current commercial mortgage rates can help you make informed financial decisions. With varying rates depending on loan type and amount, it’s vital to evaluate your specific needs. Whether you’re considering multifamily loans, commercial retail mortgages, or bridge loans, knowing the current rates and terms is important. Furthermore, exploring refinancing options and working with brokers can provide advantages. Always stay updated on market trends, as these influence rates and your borrowing potential. Image via Google Gemini and ArtSmart This article, "Current Commercial Mortgage Rates" was first published on Small Business Trends View the full article

Current commercial mortgage rates can greatly affect your financing decisions, with variations depending on loan type and amount. For instance, multifamily loans over $6 million have an interest rate of 5.16%, whereas those under $6 million rise to 5.60%. Other options include retail mortgages at 6.07% and SBA 504 loans at 6.50%. Comprehending these rates is essential, as they reflect ongoing market trends and economic conditions. What factors should you consider when steering through these rates? Key Takeaways Multifamily loans over $6 million have a 5.16% interest rate, while those under $6 million have a 5.60% rate. Commercial retail mortgages currently feature a 6.07% interest rate with a 75% loan-to-value (LTV) ratio. SBA 504 loans are available at a 6.50% interest rate with a 90% LTV ratio. Bridge loans carry a higher interest rate of 9.00%, also with an 80% LTV ratio. Fannie Mae and Freddie Mac loan rates range from 5.60% to 7.15%, depending on the LTV and loan type. Commercial Mortgage Rates as of December 1, 2025 As of December 1, 2025, commercial mortgage rates reflect a diverse terrain for various property types and loan sizes. For multifamily loans over $6 million, you’ll find an interest rate of 5.16%, with a loan-to-value (LTV) ratio of up to 80%. If you’re looking at multifamily loans under $6 million, expect a slightly higher rate of 5.60%, still maintaining that 80% LTV limit. The commercial retail mortgage rate stands at 6.07%, allowing for an LTV of up to 75%. If you’re considering SBA 504 loans, they’re currently offered at a rate of 6.50%, with a generous LTV allowance of 90%. For those needing quick financing, bridge loans are available at a higher rate of 9.00%, but keep in mind that they likewise have an LTV limit of 80%. Comprehending these rates can help you make informed decisions in your financing expedition. Current Interest Rates on Commercial Loans What factors should you consider when evaluating current interest rates on commercial loans? First, note that multifamily loans over $6 million have an interest rate of 5.16%, whereas those under $6 million are at 5.60%. For commercial retail mortgage rates, expect an average of 6.07% with a loan-to-value (LTV) ratio up to 75%. If you’re looking at SBA 504 loans, the rate is 6.50% with a higher LTV of 90%. Keep in mind that apartment loans typically have lower rates than office properties. If you’re considering bridge loans, be prepared for a higher interest rate of 9.00%, capped at an LTV of 80%. Comprehending the current interest rates for investment property can help you make informed decisions with Freddie Mac, ensuring you choose the best financing option for your needs. Current Commercial Mortgage Terms When evaluating current commercial mortgage terms, it’s crucial to grasp the specifics that may impact your financing options. Commercial lending companies offer various mortgages, each customized to different property types and borrower profiles. For instance, commercial mortgage rates for multifamily loans over $6 million stand at 5.16%, with a loan-to-value (LTV) ratio of up to 80%. Conversely, commercial retail mortgages have a higher rate of 6.07% but a lower LTV limit of 75%. If you’re a business owner, consider the SBA 504 loan, which provides a rate of 6.50% and an attractive LTV of up to 90%. Current market conditions furthermore suggest a preference for short-term deals with lower prepayment penalties, as borrowers seek flexibility amidst fluctuating interest rates. Grasping these terms can help you make informed decisions about your commercial financing needs. Overview of Commercial Mortgage Rates in Early 2025 In early 2025, you’ll notice that the Federal Reserve‘s recent rate cuts have sparked changes in commercial mortgage rates. As the 10-year treasury rate climbs to over 4.50%, the relationship between short-term and long-term rates becomes increasingly complex, affecting your borrowing options. Many borrowers are now leaning in the direction of shorter-term loans with lower prepayment penalties, as they anticipate potential further rate cuts later this year. Federal Reserve Rate Changes As the Federal Reserve implemented a series of rate cuts in early 2025, the environment of commercial mortgage rates experienced notable shifts. The Fed reduced the federal funds rate by 75 basis points across three meetings, but long-term treasury rates rose considerably, leading to increased financing costs for borrowers. Here’s what you need to know: The 10-year treasury rate jumped from 3.70% to over 4.50%. Multifamily and CMBS loans faced notable fluctuations. Preference shifted towards bank and credit union loans. The Fed hinted at potential further rate cuts in 2025. These changes impacted overall commercial mortgage rates. Navigating this evolving environment is essential for comprehending your borrowing options and making informed financial decisions. Long-Term Treasury Trends With the Federal Reserve’s recent rate cuts, comprehending the trends in long-term treasury rates is crucial for grasping the terrain of commercial mortgage rates in early 2025. In spite of a reduction in short-term rates, long-term treasury rates have shown an upward trend, with the 10-year treasury rate rising from 3.70% to over 4.50% by January 2025. This increase has directly impacted commercial mortgage rates, as lenders adjust their offerings in response. As of December 2025, multifamily loans over $6 million have rates at 5.16%, whereas commercial retail mortgages are at 6.07%. Market expectations of potential future rate cuts from the Federal Reserve could further influence long-term treasury rates and, in turn, commercial mortgage rates. Refinancing and Broker Advantages In today’s commercial mortgage environment, many borrowers face cash-short situations, making refinancing a crucial step to maintain cash flow. Working with a commercial mortgage broker can give you access to a broad range of capital sources, allowing you to secure more favorable loan terms in spite of rising interest rates. Cash Short Situations Maneuvering cash-short situations in commercial real estate can be challenging, especially when rising mortgage rates strain your financial resources. If you’re facing difficulties, consider the following strategies: Assess your current cash flow and identify areas for improvement. Explore refinancing existing loans to secure better commercial mortgage rates. Involve equity partners to bolster your financial position. Leverage the experience of commercial mortgage brokers for diverse borrowing options. Demonstrate solid creditworthiness to improve your refinancing opportunities. In these scenarios, it’s essential to act swiftly. The right approach, combined with expert guidance, can help you navigate cash-short situations effectively. Access to Capital Sources Maneuvering cash-short situations in commercial real estate often leads borrowers to seek access to capital sources for refinancing. With rising mortgage interest rates in Washington state, you may find it crucial to work with refinance banks. This approach helps identify current ARM mortgage rates and investment property loan rates today. Capital Source Advantages Commercial Brokers Access to diverse financing options Direct Lenders Potentially lower rates Private Equity Firms Flexible terms and faster approvals Engaging with a commercial mortgage broker can simplify your refinancing experience, offering customized solutions to navigate the intricacies of securing financing, especially in a fluctuating market. Loan Types and Terms When exploring commercial mortgage options, it’s essential to understand the various loan types and terms available to you. Each loan type comes with its own unique characteristics, rates, and terms that can greatly impact your investment. Multifamily loan rates can range from 5.16% to 5.60% based on loan amounts and LTV ratios. Commercial retail mortgage rates currently stand at 6.07% with an LTV of up to 75%. SBA 504 loans are available at 6.50%, allowing for a higher LTV of 90%. Bridge loans offer short-term financing at higher rates, around 9.00%, with an LTV of up to 80%. Non-recourse options are available, providing less liability in case of default, particularly in CMBS loans. Understanding these options helps you make informed decisions customized to your financial goals and risk tolerance. Multifamily Loan Rates Multifamily loan rates play a significant role in the financing environment for those looking to invest in residential properties with multiple units. As of December 1, 2025, the interest rate for multifamily loans over $6 million is 5.16%, whereas those under $6 million have an interest rate of 5.60%. Both options come with a loan-to-value (LTV) ratio of up to 80%. Here’s a quick overview of the current multifamily loan rates: Loan Amount Interest Rate Loan-to-Value Ratio Over $6 million 5.16% Up to 80% Under $6 million 5.60% Up to 80% Tiered Pricing Varies 55% to 80% Additionally, investors can take advantage of non-recourse loans, which limit personal liability and offer greater security in this asset class. CMBS Rates CMBS rates, which are crucial for investors seeking stable financing for commercial properties, currently range from 6.07% to 6.99% for 10-year fixed loans, depending on the property type and its associated risk profile. These loans often come with amortization terms of up to 30 years, providing long-term financing options. Here are some key points to reflect on about CMBS rates: Loan-to-value (LTV) ratios can reach up to 75% for purchases and refinances. CMBS loans are ideal for properties with stable cash flows and long lease terms. Cash-out refinances are permitted, allowing you to leverage equity. Investors appreciate the predictability of 10-year fixed loans. These commercial mortgage-backed securities are well-suited for long-term exit strategies. Understanding these factors can help you make informed decisions when exploring CMBS financing options for your commercial investments. Fannie Mae and Freddie Mac Loans When considering financing options for multifamily properties, Fannie Mae and Freddie Mac loans stand out with fixed rates and manageable terms. Fannie Mae offers rates between 5.60% and 7.15%, whereas Freddie Mac‘s range is slightly narrower, from 5.93% to 6.12%. Both programs cater to loan amounts from $1.5 million to $6 million, making them accessible choices for many investors. Loan Amounts and Terms Fannie Mae and Freddie Mac loans cater to borrowers looking for financing in the range of $1,500,000 to $6,000,000, making them a popular choice in the commercial mortgage market. Here are some key features of these loans: Fannie Mae Small Balance loans range from $1,500,000 to $6,000,000, with fixed rates typically between 5.60% and 7.15%. Freddie Mac Small Balance loans offer rates from 5.93% to 6.12%, likewise within the same range. Both loans have loan-to-value (LTV) ratios up to 80% for purchases and 75% for refinances. They feature simplified underwriting processes, making it easier to secure financing. They provide non-recourse financing options, appealing to investors seeking lower servicing costs and risk mitigation. Interest Rates Comparison Although both Fannie Mae and Freddie Mac loans serve similar markets, their interest rates reveal notable differences that can greatly impact your financing decisions. Fannie Mae Small Balance rates range from 5.60% to 7.15%, making them more attractive for seasoned investors, particularly with lower servicing costs. Conversely, Freddie Mac rates fall between 5.93% and 6.12%, slightly higher for similar loan amounts. Current mortgage rates in Austin may likewise reflect these trends, affecting your mortgage refinance rates for a 20-year fixed term. Comprehending what mortgage rates are based on, including market conditions, is essential. If you’re considering refinancing, pay attention to the interest rates for a 15-year refinance, as they can greatly influence your overall costs. Applying for Multifamily Loans Have you considered applying for a multifamily loan? Comprehending the requirements is vital for a smooth application process. Here are some key points to keep in mind: You’ll need a current rent roll showing at least 90% occupancy. A 12-month operating history is fundamental to demonstrate cash flow. Lenders look for sufficient multifamily experience, net worth, cash liquidity, and a solid credit rating. Loan amounts typically range from $1,500,000 to $6,000,000, with potential increases in larger markets. Non-HUD/Fannie Mae/Freddie Mac loans can be secured through banks or credit unions. When applying, lenders will evaluate property cash flow, borrower creditworthiness, and the Debt Service Coverage Ratio (DSCR). The interest rate for investment property today may vary based on factors like current mortgage rates in Seattle, WA, and whether you’re considering a 7-year fixed mortgage. Commercial Mortgage Application Considerations When applying for a commercial mortgage, understanding the key considerations can greatly impact your success. One vital factor is the debt service coverage ratio (DSCR), which lenders use to evaluate your ability to meet mortgage payments. A higher DSCR indicates better cash flow, boosting your chances for loan approval. Moreover, the creditworthiness of the borrower, including your credit score and financial history, plays a significant role in the commercial mortgage application process. Lenders want to see that you can manage financial responsibilities effectively. The type and location of your property are significant, as different asset classes carry varying risk profiles. To improve your credibility and increase approval chances, it’s important to present a thorough business plan and demonstrate relevant experience. Frequently Asked Questions What Is the Current Commercial Loan Rate? You’re likely interested in the current rates for commercial loans, which vary based on the type of loan and amount. For multifamily loans exceeding $6 million, the rate is 5.16%, whereas those under $6 million are at 5.60%. Retail mortgages are currently 6.07%, and SBA 504 loans are 6.50%. If you’re considering a bridge loan, expect a higher rate of 9.00%. Each option has specific loan-to-value ratios that can impact your financing decisions. What Is a Typical Interest Rate on a Commercial Loan? A typical interest rate on a commercial loan varies based on factors like the type of property and the loan’s specifics. For multifamily properties, rates might range from 5% to 6%, whereas bridge loans can be higher, around 9%. Furthermore, your loan-to-value ratio and debt service coverage ratio influence the rate you receive. Typically, higher-quality assets secure lower rates, reflecting their perceived risk to lenders in today’s market. What Is the Loan Interest Rate for Commercial Property? The loan interest rate for commercial property varies based on factors like property type and borrower creditworthiness. For instance, multifamily loans over $6 million might’ve rates around 5.16%, whereas smaller loans could be at 5.60%. Retail properties typically see higher rates, like 6.07%. Furthermore, SBA 504 loans and bridge loans have rates of 6.50% and 9.00%, respectively, reflecting their different risk profiles and terms. Always compare options before committing. What Is the Current Commercial Bank Interest Rate? Right now, commercial bank interest rates depend on the type and amount of the loan. For instance, multifamily loans over $6 million typically have rates around 5.16%, whereas those under $6 million are at 5.60%. Retail mortgages are higher at 6.07%. Furthermore, SBA 504 loans are set at 6.50%, and bridge loans can reach 9.00%. Factors like property location and borrower creditworthiness greatly influence these rates. Conclusion In conclusion, comprehending current commercial mortgage rates can help you make informed financial decisions. With varying rates depending on loan type and amount, it’s vital to evaluate your specific needs. Whether you’re considering multifamily loans, commercial retail mortgages, or bridge loans, knowing the current rates and terms is important. Furthermore, exploring refinancing options and working with brokers can provide advantages. Always stay updated on market trends, as these influence rates and your borrowing potential. Image via Google Gemini and ArtSmart This article, "Current Commercial Mortgage Rates" was first published on Small Business Trends View the full article

This week, postmaster general David Steiner testified before Congress highlighting major concerns about the United States Postal Service (USPS). Steiner said that USPS is at a “critical juncture” and underscored the “urgent need for greater operational and pricing flexibility” in order to maintain the service. “We got here because of the drastic reduction in the use of mail,” Steiner explained. “From the historic peak volume of 213 billion pieces per year in 2006 to 109 billion pieces today, we have lost over 104 billion pieces per year in our system. For perspective, if all of that lost volume was paid at the current price of a stamp, which is 78 cents, that’s about 81 billion dollars. No company could weather that much revenue loss.” Steiner continued, warning, “At our current rate, we’ll be out of cash in less than 12 months. So in about a year from now, the postal service would be unable to deliver the mail.” The postmaster general also outlined a long list of issues negatively impacting USPS, which he called an “anchor” that is weighing the organization down. He cited overregulation, saying “our regulator ensures that we won’t make money or break even – out of fear of a non-existent mail monopoly”, along with a series of other constraints. In an effort to solve some of the financial issues facing USPS, Steiner said the price of a first‑class stamp could rise to 90 to 95 cents, up from its current rate of 75 cents. He said the change alone would “would largely solve” the agency’s “controllable loss.” The postmaster general also urged Congress to increase the organization’s borrowing power, saying “no private company is as limited in its credit access as the Postal Service, and certainly not one with our scope, operational complexity, and importance to the American public.” Steiner said the agency is committed to cost-saving ventures. It previously outlined a proposal for saving around $3 billion annually. USPS has been reporting losses since 2007. In 2024, it incurred $9.5 billion in losses. Last the last fiscal year, the agency said it incurred net losses of $9 billion. And in the first quarter of 2026, it lost a reported $1.3 billion. Last year, President The President spoke about the postal service’s struggles, after previously dropping plans to privatize the agency. “Well, we want to have a post office that works well and doesn’t lose massive amounts of money, and we’re thinking about doing that, and it will be a form of a merger,” The President said when asked if he wanted to make USPS part of the Commerce Department. The President continued, “It’ll remain the Postal Service, and I think it’ll operate a lot better than it has been over the years.” View the full article

Here are three updates from past letter-writers. 1. What to do about serious problems you never see firsthand (#2 at the link) Great advice and so many great responses – thank you! it is indeed nonprofit early childhood education, with infant, toddler and preschool classrooms. I got two big things from this conversation – I am indeed not crazy, this is a solvable problem. And I got some strong language for how to name what is going on and try to shift things next time. Here is what I ended up doing this time: With this director there had been a previous situation where I had looped in the supervisor, and the director was upset, why hadn’t I talked to her, she thought we had a good relationship, gone behind her back, etc. and it didn’t help much and I had to do relationship repair to get back to a good coaching relationship. This time, I sent her this: “I wanted to share some thoughts and see what you think. I’m sending this just to you so we can think this through, and see what the next steps might be. There are two things that most concern me . . .” With a “we’ll figure it out together” tone, I objectively detailed my concerns, especially how serious it was that there was the fear of retaliation from the other staff, and acknowledged how hard it must be to follow through when you don’t see it, and how can we brainstorm to get the data she needs to act? I didn’t get a response to the email, but the next time I was there the problematic staff was gone. Apparently the director met with her and she walked out. So win for this classroom, but we still have some big challenges in our agency. Out of the answer and comments, I also got a realization and some questions – coaching, at least how my agency does it, is a strange space. I have responsibility but no way to enforce accountability. I have goals as a coach, but if directors won’t back me up and hold people accountable, nothing changes. And if their supervisors won’t either, it’s even more impossible. And I really don’t understand why as a culture my agency is not willing to deal with ineffective or inappropriate directors and teachers. Part of it is chronic struggles with staffing. (To answer one question, no, we never go out of ratio. We will pull a director or admin into a room rather than do that. You don’t even step out for a bathroom break without someone stepping in.) I’m curious what coaching and quality improvement looks like in fields other than education. Early childhood care and education in the U.S. is struggling so much. Families can’t afford care, we can’t pay teachers enough, and public funding is being cut like crazy. Many states had quality improvement initiatives begin in the 1990’s and 2000’s to address it with increased qualifications for teachers and state money to support it, but with the states I’m involved in, the updated quality improvement standards have decreased, probably because of the very desperate lack of more highly qualified teachers. We are going back to unregulated underground child care for many families. 2. Am I ruining my life by moving for my spouse’s job? (#5 at the link) I wanted to share an update a couple of years after writing my original letter about whether to move for my spouse’s career. I ultimately agreed to move because of how difficult it is to find a job in my spouse’s field and the quality of life benefits of the new city. Thankfully, a couple months after arriving I found a local job in a different industry with decent pay, flexibility, and benefits. The hardest part has been the hit to my ego and sense of identity. I was very good at my previous job and, in many ways, it was my imperfect dream role. But it was a public-sector position in an organization that has become much less stable under this presidential administration, and my broader field has taken a decimating hit. My current job is unrelated, and sometimes I miss being seen as an expert rather than just another small part of a large system. I’ve been working on separating my sense of self-worth from my job, but that transition has certainly been hard. One upside of watching the upheaval in the field I once loved from afar is that it’s made it easier not to dwell on what my career might have looked like if I’d stayed. As the professional landscape has changed, my parents have stopped telling me I made a terrible career decision and instead now criticize the move itself. That’s been tough, but with time, grief, and therapy I’ve started to make peace with the personal side of it and stop letting it drive my anxiety about my career. Life looks different than I expected a few years ago, but many of the things within my control are going well. My spouse and child are thriving. I miss our old city, but I’m also enjoying the new one and the opportunities it brings. 3. Can I advise my boss not to hire a contractor? (#4 at the link) I took my concerns about Jane (the contractor who couldn’t do her job but was well liked) to my boss and he said he appreciated my honesty. He also felt that the things Jane was struggling with could be taught but that she’d built strong relationships at the company and that kind of thing couldn’t be taught. Jane was hired. It became clear to me that Jane’s “good relationships” were the result of her sharing privileged information, over-promising, and gossiping. Jane also began to backstab and exclude all the other women on the team. Before her trial period was over, I took my new concerns about her behavior to my boss, who promised to speak with her and asked me to give her another chance. Some time later, we received an email from HR (not our boss) that Jane had been fired. My boss now insists I am part of all hiring committees. I’d like to leave this update here, but honestly the team has not recovered from Jane’s toxic behavior. The factions she created to pit against each other have not dissipated and there is anger and confusion around her firing. There’s also lingering suspicion that maybe Anna is actually a slacker, Betty is actually a bully, and Connie is actually unreliable and Jane was the only hard working, honest, and dependable woman on the team. HR isn’t about to tell us why she was fired so we’ll never really know what happened. When it comes up, all I can do is counter rumor with my personal experience (i.e., “I’ve never had a problem with the quality of Anna’s work” — a strategy I know because of your great advice on other letters, Alison!). I don’t expect the team to recover until each and every one of us has moved on to a new job. Wishing everyone a drama-free workplace! The post updates: trailing spouse, problems you don’t see firsthand, and more appeared first on Ask a Manager. View the full article

Fifteen years after his passing, Steve Jobs’s thoughts on innovation, entrepreneurship, design, and leadership still make a meaningful impact. Since there’s a Jobs quote for many situations, winnowing it down to five isn’t an easy task. Still: Here’s my attempt. Here’s Steve Jobs on starting your own business, perseverance, leadership and responsibility, intelligence, and money. Jobs’s thoughts on starting a business Maybe you don’t want to start your own company, much less build a thriving business. Even so, Jobs felt everyone should dip a toe in the entrepreneurial water, even if it’s just a side hustle. Why? As Jobs said: I think that without owning something over an extended period of time, like a few years, where you have the chance to take responsibility for your recommendations, where you have to see your recommendations through all action stages, and accumulate scar tissue for the mistakes, and pick yourself up off the ground and dust yourself off . . . you learn a fraction of what you can. Coming in and making recommendations and not owning the results, not owning the implications, [provides] a fraction of the value and a fraction of the opportunity to learn to be better. Without the experience of actually doing it, [you] never get three-dimensional. Start a business or a side hustle and you get to chart your own course, make your own decisions, make your own mistakes, be responsible for your own success: and learn from those decisions, mistakes, and successes. And add another dimension to your skills, your personality, and your life. Jobs’s thoughts on perseverance If talent is the ability to learn a subject or gain a skill more quickly than most, I definitely lack talent. But that’s OK since, as Jobs said: I’m convinced that about half of what separates successful entrepreneurs from the non-successful ones is pure perseverance. It is so hard. You pour so much of your life into this thing. There are such rough moments . . . that most people give up. I don’t blame them. It’s really tough. While Jobs was referring to startup founders, the premise is broadly applicable. For most of us, success is based on showing up, day after day, even when we don’t want to. While that might sound too simplistic—perseverance is just one factor in achieving any worthwhile pursuit—science says showing up every day carries outsize importance. A meta-analysis published in Review of Educational Research found that college students who consistently go to class get better grades. While that might sound more like correlation than causation (maybe the smartest people tend to go to class more regularly?), there’s more to it. As the researchers write: Not particularly talented? Not particularly smart? As long as you show up, and keep showing up, you’ll likely do well. If you don’t have a talent for sales, sales skills can still be learned. If you don’t have a talent for leading people, most leadership skills—giving feedback, building teams, setting expectations, showing consideration for others, seeking input, focusing on meaningful priorities, etc.—can be learned. Success in most pursuits doesn’t require talent. Success simply requires skill and experience you can gain. As long as you’re willing to keep showing up. Jobs’s thoughts on responsibility No one ever does anything truly worthwhile on their own. That means we’re all, whether formally or informally, at times in a position to lead. And to take responsibility. Here’s a story from John Rossman’s book Think Like Amazon: Steve Jobs told employees a short story when they were promoted to vice president at Apple. Jobs would tell the VP that if the garbage in his office was not being emptied, Jobs would naturally demand an explanation from the janitor. “Well, the lock on the door was changed,” the janitor could reasonably respond, “and I couldn’t get a key.” The janitor can’t do his job without a key. As a janitor, he’s allowed to have excuses. “When you’re the janitor, reasons matter,” Jobs told his newly minted VPs. “Somewhere between the janitor and the CEO, reasons stop mattering. “In other words, when the employee becomes a vice president, he or she must vacate all excuses for failure. A vice president is responsible for any mistakes that happen, and it doesn’t matter what you say.” Many people feel success or failure is caused by external forces, and especially by other people. If I succeed, other people helped me, supported me, and were “with” me. If I fail, other people let me down, didn’t believe in me, didn’t help me—other people were “against” me. To some extent, that’s true. But also not totally within your control. The only thing you can control? Yourself. So act as if success or failure is totally within your control: If you succeed, you caused it. If you fail, you caused it. As Jobs would say, “Reasons stop mattering.” Never make excuses. Never list reasons. And never point fingers. Unless, of course, you point them at yourself, and resolve that next time you’ll do whatever it takes to make sure things turn out the way you wish. Jobs’s thoughts on intelligence Jobs spent a lot of time thinking about the nature of intelligence, if only because it’s hard to surround yourself with smart people if you can’t identify smart people. So what did he feel was the best indication of high intelligence? According to Jobs: A lot of it is memory. But a lot of it is the ability to zoom out, like you’re in a city and you could look at the whole thing from the 80th floor down at the city. And while other people are trying to figure out how to get from point A to point B, reading these stupid little maps, you can just see it in front of you. You can see the whole thing. And you can make connections that seem obvious to you, because you can see the whole thing. No matter how much information you’re able to retain, memory doesn’t necessarily help you make decisions. (I know plenty of smart people who sometimes struggle to make simple decisions.) Jobs felt the smartest people excel at making connections. But you can’t make connections unless you collect a variety of experiences you can connect. As Jobs said: One of the funny things about being bright is everyone puts you on this path. To go to high school, go to college . . . [But] the key thing that comes through is they had a variety of experiences which they could draw upon in order to try to solve a problem, or attack a particular dilemma, in a unique way. What you have to do is get different experiences. To make connections which are innovative, to connect two experiences together, you have to not have the same bag of experiences as everyone else . . . or you’ll make the same connections. Try new things. Learn new things. Do things that aren’t comfortable; that’s a sure sign the experience—and what you may later draw from the experience, and be able to connect it to—is unique to you. Because it’s easy, even comforting, to learn more about something you already know. But then you’ll have the same “bag of experiences” and make the same street-level connections as everyone else. Jobs’s thoughts on money Wealth isn’t a proxy for intelligence. And definitely not for success. As Jobs said: When I was 25, my net worth was $100 million or so. I decided then that I wasn’t going to let it ruin my life. There’s no way you could ever spend it all, and I don’t view wealth as something that validates my intelligence. My favorite things in life don’t cost any money. Easy to say when you’re worth $100 million, but still. While money does a lot of things (one of the most important is to create choices), after a certain point research shows money doesn’t make people happier. To Jobs, the goal was to make a living by doing what he loved. How you define a “living” is up to you, but once you’ve reached that level of financial success, make sure you also work hard to include at least a little of the “love what you do” part. Because then you’ll be living the life you want to live. On your terms. —Jeff Haden This article originally appeared on Fast Company’s sister website, Inc.com. Inc. is the voice of the American entrepreneur. We inspire, inform, and document the most fascinating people in business: the risk-takers, the innovators, and the ultra-driven go-getters that represent the most dynamic force in the American economy. View the full article

Which segment will you target? By August Aquila MAX: Maximize Productivity, Profitability and Client Retention Go PRO for members-only access to more August J. Aquila. View the full article

Which segment will you target? By August Aquila MAX: Maximize Productivity, Profitability and Client Retention Go PRO for members-only access to more August J. Aquila. View the full article

If your browser of choice happens to be Firefox, good news: Your web surfing is about to get a bit more private. On Tuesday, Mozilla announced a number of upcoming updates to Firefox, all under the theme of user customizability. One such option happens to be a built-in VPN that Mozilla will offer users free of charge. This new VPN option in Firefox rolls out March 24, as part of Firefox 149. There are no downloads required, since the VPN is baked into the update: Once it hits your browser, you'll be able to turn on the VPN and start hiding your IP address and location while you use Firefox. The only caveat here is that Mozilla is capping VPN data usage at 50GB per month. The company doesn't say what happens once you hit that data limit, and I've reached out for clarification, but my guess is that the VPN will simply switch off, sending you back to Firefox's default browsing experience—at least until the next month starts, and your data limit resets. Why you should always use a VPNIf you use the internet without a VPN, you're being tracked (yes, even if you use an incognito window). Without a Virtual Private Network, your IP address is exposed to the internet. Trackers can follow you around the web, and your internet service provider can keep tabs on what you're doing. A VPN alone won't make you impervious to tracking, but it does go a long way—all without having much impact on your browsing experience. There are a lot of VPNs out there to choose from, and not all of them are equal. However, the general rule of thumb is to be wary of free VPNs. This is often a case of "you get what you pay for," as many free options aren't necessarily "upstanding." The companies aren't making any money off you directly, after all, so they may seek out data-sharing solutions to make money instead. As such, they may end up compromising your privacy in the end, defeating the purpose of the VPN in the first place. I don't see Firefox's free VPN raising those red flags, however. Mozilla has a better track record than most when it comes to user privacy, and, in fact, already offers a paid VPN. From where I'm sitting, adding a free, limited VPN to Firefox is only a win-win for Mozilla: The company gets points for boosting user privacy for free, and if those users are looking for more flexibility while preserving their internet anonymity, they can check out Mozilla's paid VPN option. What else is coming to Firefox in the next update?In its Tuesday post, Mozilla announced some other Firefox news in addition to its free VPN, including the following: Smart Window: This feature, previously called AI Window, uses AI to offer "quick help" while you browse, without actually leaving the page you're on. This help can include things like definitions, article summaries, and product comparisons. Mozilla says the feature is optional and opt-in, following the company's stance on opt-in-only AI features. Split view: This places two webpages side-by-side in the same window, following similar features in other browsers like Chrome. Tab notes: This feature lets you add notes to tabs, up to 1,000 characters. A note will stay attached to the webpage until you delete it, even if you close the tab. A new look: Firefox is teasing a "fresh new look," including updated themes, icons, toolbars, menu, and the homepage. View the full article

Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week via email here. The cost of AI will surely rise, along with our dependence on it Developing AI models and serving AI apps is a notoriously expensive undertaking. AI labs use massive amounts of computing power, training data, and high-priced talent to create and serve AI models, and the costs are not nearly covered by the chatbot subscription and API fees they bring in. Neither OpenAI nor Anthropic, for example, are profitable, and won’t be for some time. The difference, for now, is made up by investment money, much of it from venture capital firms. But that won’t last, of course. As AI companies mature, they’ll be expected to make returns on all the investment money they’ve taken. And the prices consumers and businesses pay for AI will almost certainly go up. It fits the model. Silicon Valley’s canonical playbook is to sell an app or service cheaply at first to build a large user base, then raise prices and, often, let the customer experience slip. In the early 2010s, for instance, Uber heavily subsidized fares with venture capital as it scaled its network of riders and drivers. In some markets, drivers received the full fare plus bonuses of up to 50%. By the late 2010s, as investors pushed toward a 2019 IPO, Uber began sharply increasing prices. Between roughly 2018 and 2022, fares rose by 50% to 80%, depending on the study, with further increases since. Many startups, including Amazon, Netflix, Airbnb, Instacart, and DoorDash, have followed versions of this model. Some of the same big VCs that funded these “growth-at-all-costs” companies are now bankrolling today’s AI companies. For example, Khosla Ventures and Sequoia Capital invested in Uber and are now backing both OpenAI and Anthropic, among other AI labs. Andreessen Horowitz (a16z) invested in Uber (and other Uber-like startups) and now backs OpenAI and numerous other AI app and infrastructure companies. The main difference between the Ubers of the past and the AI companies of today is that the AI companies also take investment money from their big tech business partners (like Microsoft and Nvidia) as well as from private equity giants like TPG and Bain Capital. I see another similarity. Kara Swisher once quipped that with the rise of Uber, Instacart, and other app-based services in the 2010s, San Francisco began to feel like “assisted living for millennials.” What she meant was that these companies offered a cheap—at least initially—way to outsource everyday physical tasks, from grocery shopping to getting around to making dinner or going out to a movie. You could sit on the couch, tap your phone, and it was done for you. The convenience was undeniable, and during the pandemic it often felt essential. But it also nudged people toward a more sedentary, phone-mediated existence. And, as with so many of these services, the costs eventually rose, claiming a larger share of users’ paychecks. AI chatbots and related tools may point to a similar, or even more troubling, trajectory. They can speed up information retrieval and automate a share of routine cognitive work. But as the major AI labs themselves have suggested, intelligence is becoming a commodity, something available on demand. The temptation, then, is to offload more and more of our own thinking and reasoning as these systems improve, outsourcing not just tasks but the mental effort behind them. MiniMax says its newest AI model helped build itself A new AI model from the Chinese AI startup MiniMax played a major role in its own development, the company says. The model, called MiniMax M2.7, can reportedly test itself on tasks and knowledge areas, diagnose its limitations, then improve itself automatically. MiniMax calls the concept “self-participation iteration.” MiniMax says M2.7 handled between 30% and 50% of its own development work. For example it ran more than 100 loops of self-analysis and debugging, then iterative self-improvement without human intervention. As a result, the model hit benchmark scores comparable with the best Western AI models. M2.7 scored 56% on SWE-Pro (a difficult, realistic coding benchmark), MiniMax says. OpenAI’s GPT-5.2 “Thinking” model scored roughly 55%, while Anthropic’s Claude Opus 4.5 scored 52%. Normally, AI labs rely on human engineers to design and run evaluations on models to find shortcomings, then make improvements that eventually packaged up into a new version release. The idea of a continually self-improving model calls into question the need for new product releases, and points to a time when models simply improve on their own over time. More AI coverage from Fast Company: OpenAI’s new frontier models mark a huge change in how AI will be built Does the public comment system have an AI problem? Miro’s CEO is betting AI will change how teams work This AI project turns deepfakes into a history lesson Want exclusive reporting and trend analysis on technology, business innovation, future of work, and design? Sign up for Fast Company Premium. View the full article

You might decide to keep them going year round. By Sandi Leyva The Complete Guide to Marketing for Tax & Accounting Firms Go PRO for members-only access to more Sandi Smith Leyva. View the full article

You might decide to keep them going year round. By Sandi Leyva The Complete Guide to Marketing for Tax & Accounting Firms Go PRO for members-only access to more Sandi Smith Leyva. View the full article

Today's Bissett Bullet: “How are your clients, really?” By Martin Bissett See more Bissett Bullets here Go PRO for members-only access to more Martin Bissett. View the full article

Today's Bissett Bullet: “How are your clients, really?” By Martin Bissett See more Bissett Bullets here Go PRO for members-only access to more Martin Bissett. View the full article