In 2023, Gen Z led in homeownership among young adults, with a higher rate of homeownership at age 24 compared to millennials and Gen X at the same age. Despite their relatively small share of the housing market and challenges like high prices and limited inventory, many Gen Z individuals are determined to buy homes in the near future. This shift could have significant effects on the housing market and the broader economy.
Microsoft, Google and Amazon, along with other tech companies, have been getting creative in how they’re poaching talent from top artificial intelligence startups. Earlier this month, Google inked an unusual deal with Character.ai to hire away its prominent founder, Noam Shazeer, along with more than one-fifth of its workforce while also licensing its technology. It looked like an acquisition, but the deal was structured so that it wasn’t. Google wasn’t the first to take this approach.
In March, Microsoft signed a deal with Inflection that allowed Microsoft to use Inflection’s models and to hire most of the startup’s staff. Amazon followed in June with a faux acquisition of Adept where it hired top talent from the AI startup and licensed its technology.
It’s a playbook that skirts regulators and their crackdown on Big Tech dominance, provides an exit for AI startups struggling to make money, and allows megacaps to pick up the talent needed in the AI arms race.
But while tech giants might think they’re outsmarting antitrust enforcers, they could be playing with fire. CNBC’s Deirdre Bosa has the story.
Fast food has become a luxury for many consumers who are constantly looking for deals and cheap meals. Many popular chains have noticed the pullback and have rolled out the return of value meals. These nostalgic menus offer select items for a cheap price and food chains hope it's a way to bring customers back and to spend on more items outside of the discounted food items.
Wingstop is capitalizing on the American appetite for chicken and providing investors with strong, consistent growth. In the past five years, the company’s share price is up over 250%, and it has grown its store footprint to 2,352 restaurants worldwide. The chicken-wing chain has expanded its offerings and continued to grow brand awareness. Watch the video to find out how Wingstop became one of the hottest restaurant stocks of the year.
Up Close: Funeral director Harmony Tee left her auditing job in the United States to continue her family’s funeral business seven years ago. She talks about the challenges in the 'business of death', including how she handled the high-profile cremation mix-up controversy in 2019.
Ghost jobs are on the rise, even as the U.S. labor market appears healthy. While data suggests a tight job market, many workers still struggle to find employment, revealing a gap between statistics and reality. Interestingly, the rise of ghost job listings may play a significant role in this disconnect.
Anna-Marie Ortiz, 30, started a side hustle with her last $2,000 in savings in July 2023. A year later, Cool Aunt Cleaners brings in an average of $10,000 a month, and Anna's since quit her day job to run the business full-time. Here's how she did it.
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