qz

2026-08-14

Elon Musk's Tesla pay package was 2.5 million times the average worker's salary in 2025

The AFL-CIO's annual executive paywatch found Musk's $158 billion compensation package skewed S&P 500 CEO pay averages to a record high [...]

qz

2026-08-14

Wall Street set for third straight winning week after record high

The S&P 500 closed at an all-time high for the 27th time this year on Thursday, with retail sales data due before the open [...]

qz

2026-08-14

Cleveland Fed president is urging an immediate rate hike to rein in inflation

Beth Hammack, one of three dissenters at the Fed's July meeting, says inflation must return to 2% faster than the current path allows [...]

qz

2026-08-14

Reddit stock surges after being named to the S&P 500 for the first time

Reddit will join the benchmark index on Aug. 18, replacing AvalonBay Communities, becoming only the second pureplay social media company in the S&P 500 [...]

thenextweb

2026-08-14

Europe’s ‘Made in EU’ rules start at 5%, and they do not mention software

The Industrial Accelerator Act arrived on 4 March 2026 as COM(2026)100, alongside an impact assessment and three staff working documents, per the European Commission. Its formal title says what it is for. It establishes a framework for accelerating industrial capacity and decarbonisation in strategic sectors. It is a proposal, not a law. It is now […]<br /> This story continues at The Next [...]

thenextweb

2026-08-14

Airbnb’s CEO says nobody builds AI for normal people. He is on Y Combinator’s board

The Airbnb chief executive made the argument on the Yahoo Finance podcast Power Players with Brian Sozzi this week. His diagnosis has two parts. “I think part of it’s a narrative issue that we’re not talking about AI correctly,” he said. The second part is the product. “We need to actually be developing more products […]<br /> This story continues at The Next Web [...]

thenextweb

2026-08-14

Microsoft is killing its AI mascot, ten months after building it

The cull lands on Tuesday. Group Chat, Podcasts, Copilot Labs and consumer Deep Research all retire that day, according to Microsoft’s own support page. Mico goes at the same time, out of the voice experience and into Learn Live as a tutor. The whole thing sits inside a bigger change. Microsoft has started merging its […]<br /> This story continues at The Next Web [...]

Destination

2026-08-14

Flock CEO says 'we're not Big Brother' in the face of surveillance allegations — as 3D printing enthusiasts share 'Flock Sock' camera cover to help protestors

Flock is introducing some extra controls over how its cameras can be used, to counter claims of unnecessary spying. [...]

qz

2026-08-14

Uber and Pony.ai are planning to deploy more than 2,000 robotaxis across Europe

The companies will expand their existing Zagreb service to four additional European cities, with Middle East deployment also planned [...]