Magnificent Seven ETF Soars in Best Day Since May
The Roundhill Magnificent Seven ETF jumped 2.6% Monday, potentially marking its strongest session since May 27. All seven component stocks traded higher, signaling a broad tech rebound.
Category: Business
AI hiring bias gets copied by humans, study finds
A University of Washington study reveals that human hiring managers tend to adopt the racial biases present in AI recommendations. When AI systems showed moderate bias, participants mirrored those preferences in their candidate selections. The findings highlight the real-world implications of AI-hum
Samsung now sells extended warranties for your fridge and TV
Samsung is bringing extended warranty coverage to home appliances in India through its Samsung Care+ program. The expansion covers air conditioners, microwave ovens, TVs, and washing machines. Customers get access to over 2,500 service centers across the country.
China Eases Export Controls on Critical Minerals
China has suspended several export controls on critical minerals that had effectively blocked shipments to the US. The move comes after commitments made during the Trump-Xi meeting in Korea and partially confirms White House statements.
Tariffs Are Backfiring on Trump’s Base
The recent US-China trade truce provides little relief for American farmers and workers. Soybean exports to China have been halved despite political promises. The economic damage from tariff policies continues to mount.
Trump’s $2,000 Tariff Dividend Plan Faces Major Tax Questions
President Trump has floated $2,000 payments to taxpayers using tariff collections. But without specific legislation, these “dividends” could be subject to income tax, reducing the actual benefit significantly.
Why Every Company Needs an AI-First Strategy Now
The shift to AI-first means designing products and processes with continuous intelligence at their core. Instead of humans jumping between apps, agents will execute intent across systems automatically.
Lenskart’s IPO stumbles despite massive investor demand
Lenskart’s highly anticipated $828 million IPO got off to a rocky start Monday, with shares dropping as much as 11% below the issue price. The weak debut contrasts sharply with recent Indian tech listings like Urban Company’s 60% surge.
Reed’s CEO on why AI hiring tools “don’t work very well”
The head of Britain’s £1bn recruitment giant Reed says current AI hiring tools “don’t work very well” despite 18 months of development. He argues that while technology can identify candidates, only humans can actually persuade people to change jobs.
Wall Street pros are getting paid up to $150/hour to train AI
AI training companies are offering surprisingly high rates to finance professionals, with some roles paying up to $150 per hour. The demand reflects how hard it is to train AI on specialized financial knowledge that isn’t publicly available online.