The six largest businesses in the world, as measured by stock market capitalization, are headquartered not merely in the US, but in just two of its 50 states. Those companies are Nvidia, Microsoft MSFT, Apple, Alphabet, Amazon.com AMZN, and Meta Platforms. (Just behind them is Broadcom, in the eighth slot.) The states are California and Washington.
If AI is a sort of bubble, it will eventually pop. What can investors who agree with this idea do to prepare for that pop? Or is there nothing you can do but ride the wave? Even if a bubble is obvious, what do you do about it?
OpenAI employees sold shares at a $500 billion valuation, pushing the company past SpaceX to be the world's most valuable private company. The new figure represents a major jump from March's valuation of $300 billion. OpenAI is not the only tech company seeing its valuation leap.
All phases of the housing market are either at or near their low points (sales, permits, starts), or declining (prices, construction, employment, and new spec units for sale). What is different is that the manufacturing side of the goods-producing sector has shown renewed vigor in the last couple of months
In 2016, Geoffrey Hinton – computer scientist and Turing Award winner – declared that ‘people should stop training radiologists now'. If the most extreme predictions about the effect of AI on employment and wages were true, then radiology should be the canary in the coal mine. But demand for human labor is higher than ever.
What happens to a doctor's mind when there's always a recommendation engine sitting between thought and action? How quickly do habits of attention fade when the machine is doing the prereading, the sorting, even the first stab at a diagnosis? Is this just a temporary setback while we get used to the tools, or is it the start of a deeper shift in what doctors do?
Speaking of which, here's a guide on RVU.
Americans say it's harder to afford their groceries now than it was a year ago, a warning sign for President Trump and Republicans, in the latest Axios Vibes survey by The Harris Poll.
Thinking of some more discipline in your life? Check out Ben Carlson's random rules of thumb for living a good life, including bragging about your children's accomplishments, complaining about vacation, AirPod etiquette, and more.
One of the chief paradoxes of managing our money is that the concrete nature of numbers leaves us with a false sense of certainty despite the many (many) financial factors that are unknown, unknowable, or out of our control.
As each person falls into an isolated relationship with a screen, larger communities begin to fray. David Foster Wallace anticipated a “new vision of the U.S.A. as an atomized mass of watchers and appearers.” Instead of participating in a “community of relationships” we become locked into “networks of strangers connected by self-interest and technology.”
Amazon's October Prime Day, or Prime Big Deal Days 2025, is set to begin on October 7 and end on October 8. That's still a couple of days away, but the frenzy has already begun. Check out the deals that are live across tech, kitchen essentials, home gadgets, and even skincare, with discounts that rival Black Friday.
The American wealth culture is nothing if not ironic. People earning six figures or more will sit across from a financial planner, sigh deeply, and mutter, “I just don't feel rich.” In 2025, Americans claimed it takes $2.3 million in net worth to be considered “wealthy” and $839,000 to be “financially comfortable.”
