The piece also shares insights from eight families who received universal basic income, revealing that while it may not have immediately alleviated their financial struggles, they found the support valuable. Other stories include a quote from a former Tesla employee about Omead Afshar's promotion, the potential impact of DOGE-fueled layoffs on government workers, Trump's latest trade threat, Walmart's scaling back of DEI initiatives, and Marc Andreessen's views on work-life balance. The article concludes with a discussion on the future of customer service, Aldi's growth, and California's proposed EV buyer credit.
Key takeaways:
- Macy's announced a delay in its quarterly earnings due to an accounting error of between $132 million to $154 million, leading to questions about its control systems.
- Patagonia has recently made changes including cutting headcount and expediting service, leading some employees to believe it's lost sight of its values.
- There's a debate over whether the rate of AI model improvement has hit its limit, with industry leaders discussing the challenges and opportunities ahead.
- Pilot programs in 150 cities have been giving no-strings-attached cash to low-income Americans, with most recipients finding the support valuable even if it didn't immediately alleviate their financial struggles.