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Why do people get paid to invest their money?
Sree VijaykumarStocks are up a lot over the past year. If you put $100,000 into an S&P 500 index fund a year ago, you would have about $119,000 now, counting dividends:

That’s not bad, eh? A free 19,000! Of course it’s not technically income — you still have to sell the stock in order to actually use that money to buy anything, at which point you’ll pay capital gains tax. But consider everything you had to do to earn that $19,000:

Continued here


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Harrods sets aside more than 60m for Mohamed Al Fayed abuse victims
Harrods sets aside more than 60m for Mohamed Al Fayed abuse victims
"However, we remain confident in the strength of the business, and the resilience of the luxury sector, and that we will continue to drive progress towards longer-term growth and performance objectives."


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For the New Archbishop of Canterbury, Nursing Roots Could Bring a Pastoral Sensibility
For the New Archbishop of Canterbury, Nursing Roots Could Bring a Pastoral Sensibility
As bishop of London, Sarah Mullally placed herself in the middle of the church's most charged issues. But experts predict that her years treating cancer patients could inform how she approaches her new role.


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Munich airport resumes flights after suspected drones force closure
Munich airport resumes flights after suspected drones force closure
Flights were suspended for several hours on Friday night, with around 6,500 passengers affected.


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How Trump Used Fury Over Israel's Qatar Attack to Push Netanyahu on Gaza
How Trump Used Fury Over Israel's Qatar Attack to Push Netanyahu on Gaza
President Trump unveiled a proposal to end the war in Gaza and gave Hamas until Sunday to agree, after which he has said that Israel would have his "full backing" to eliminate Hamas.


 
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A cysteine-rich diet may promote regeneration of the intestinal lining
A cysteine-rich diet may promote regeneration of the intestinal lining
A diet rich in the amino acid cysteine may have rejuvenating effects in the small intestine, according to a new study from MIT. This amino acid, the researchers discovered, can turn on an immune signaling pathway that helps stem cells to regrow new intestinal tissue.


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Trump Tells Congress U.S. Is at War With Cartels: What That Means
Trump Tells Congress U.S. Is at War With Cartels: What That Means
Legal experts and lawmakers have raised concerns after President Donald Trump declared in a notice to Congress that the U.S. is in a formal "armed conflict" with drug cartels.


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Why Bilingual Kids Have a Learning Advantage | Psychology Today
Why Bilingual Kids Have a Learning Advantage | Psychology Today
Bilingual children gain more than a second language. New research shows that speaking two languages strengthens memory, reasoning, and adaptability.


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Passion fades, but autonomy and rewards keep motivation alive.
Passion fades, but autonomy and rewards keep motivation alive.
Think passion fuels success? Science says otherwise--your brain runs on control, rewards, and choice, not motivational myths.


 
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Three Friendship Red Flags That Most People Overlook | Psychology Today
Three Friendship Red Flags That Most People Overlook | Psychology Today
Just because a friendship isn't openly damaging doesn't mean it's healthy.


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6 Red Flags That Keep Good Candidates from Getting Hired
6 Red Flags That Keep Good Candidates from Getting Hired
Advice for individuals and hiring teams on how to overcome the most common interview derailers.


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California To Vegas High-Speed Rail Costs Skyrocket By Billions
California To Vegas High-Speed Rail Costs Skyrocket By Billions
The company behind Brightline West has requested a $6 billion loan from the federal government.


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Donald Trump Reacts to Hamas Response to Peace Plan
Donald Trump Reacts to Hamas Response to Peace Plan
"Israel must immediately stop the bombing of Gaza," the president wrote on Truth Social.


 
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The truth about the shutdown and health care for immigrants | CNN Politics
The truth about the shutdown and health care for immigrants | CNN Politics
The shutdown messaging war is in full effect, and early indications are that Republicans have been put in something of a bind, given the Democrats' demand to extend enhanced Obamacare subsidies appears quite popular.


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What it means to be illiquid - The Economist
What it means to be illiquid - The Economist
Investors are learning how hard it is to get money out of private equity and venture capital


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AI chipmaker Cerebras withdraws IPO
Days after announcing that it raised $1.1 billion in a financing round, Cerebras said it's pulling its IPO plans.


 
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Sam Altman goes on globe-trotting tour in dash for funds and AI computing power - WSJ
Sam Altman goes on globe-trotting tour in dash for funds and AI computing power - WSJ
The OpenAI chief executive is looking to East Asia and the Middle East to finance and accelerate an infrastructure build-out.


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Tricolor Trustee Says Initial Probes Suggest 'Pervasive' Fraud - Bloomberg
Tricolor Trustee Says Initial Probes Suggest 'Pervasive' Fraud - Bloomberg
The trustee overseeing bankrupt Tricolor Holdings is investigating possible wrongdoing by the subprime auto lender before its collapse in order to raise money to pay creditors, a lawyer said in court Friday.


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Iberian blackout was first over-voltage caused blackout
The massive blackout that hit the Iberian peninsula in April is the first known blackout caused by over-voltage, the European network of transmission system operators ENTSO-E said in a report on Friday.


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Ukraine Deep In Talks To Sell U.S. Millions Of Drones
Ukraine Deep In Talks To Sell U.S. Millions Of Drones
Ukraine's ability to produce massive amounts of certain kinds of drones and its experience using them in combat could come in very handy for the U.S.


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Beyond papers: rethinking science in the era of artificial intelligence - Daniel Lemire's blog
Beyond papers: rethinking science in the era of artificial intelligence - Daniel Lemire's blog
Contrary to what many people believe, this system of peer review is recent. When Watson and Crick submitted their 'double helix' paper to Nature in 1953, it did not go to reviewers.


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How One AI Model Creates a Physical Intuition of Its Environment | Quanta Magazine
How One AI Model Creates a Physical Intuition of Its Environment | Quanta Magazine
The V-JEPA system uses ordinary videos to understand the physics of the real world.


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The Molecular Revolution in Biology
The Molecular Revolution in Biology
The History, Structure, and Future of the Molecular Biology Revolution


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Many Democrats think Chuck Schumer is a problem - The Economist
Many Democrats think Chuck Schumer is a problem - The Economist
How the shutdown is resolved may determine his future


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Ford's CEO Uses This Toyota Management Strategy to Make Decisions - Business Insider
Ford's CEO Uses This Toyota Management Strategy to Make Decisions - Business Insider
More than a century after its founding, Ford is trying to reinvent itself for the age of electric vehicles.As part of this process, CEO Jim Farley says he's taken a page from Japanese rival Toyota to help him make decisions. "Every big decision I ever make, I go in person," Farley told the "Decoder" podcast in an interview published this week.


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How Doctors Use ChatGPT and Other AI, Including to Help Avoid Burnout - Business Insider
How Doctors Use ChatGPT and Other AI, Including to Help Avoid Burnout - Business Insider
Adam Rodman uses ChatGPT when he's stumped.The internal medicine physician and Harvard Medical School professor is upfront about it with his patients, and said he avoids putting in private medical information.


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Goldman CEO Predicts AI May Increase Staff Size Over the Next Decade - Business Insider
Goldman CEO Predicts AI May Increase Staff Size Over the Next Decade - Business Insider
Goldman Sachs CEO David Solomon remembers what life was like before AI, and is all in on using it to expand the ranks of his bank in the next decade.Speaking to Bloomberg journalist Tom Mackenzie on Friday in Italy, Solomon said AI had the hallmarks of being able to grow the firm's headcount over the next decade, not reduce it.


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Luxury London apartment building draws influx of US billionaires - FT
Luxury London apartment building draws influx of US billionaires - FT
US tycoons with a combined net worth of more than $130bn have bought apartments at the Peninsula in London, an exclusive residential development situated inside a luxury hotel.


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Jeff Bezos hails AI boom as 'good' kind of bubble - FT
Jeff Bezos hails AI boom as 'good' kind of bubble - FT
Amazon founder's comments follow warning by Goldman Sachs' David Solomon that 'it's not different this time'


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German logistics billionaire faces questions over Nazi-era legacy - FT
German logistics billionaire faces questions over Nazi-era legacy - FT
Ron Zur grew up knowing that his grandfather, Leo Lewitus, had left behind a business when he fled the Nazis -- but no one in the family spoke of what it was, or what had happened to it.


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Centerview Partners to face trial over junior banker's long hours - FT
Centerview Partners to face trial over junior banker's long hours - FT
A federal court in New York has allowed a junior investment banker to pursue claims that Centerview Partners violated US disability laws when the elite boutique fired her in 2020 after she said she could not work late into the night.


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Hackers Extort Executives After Claiming Oracle Apps Breach - Bloomberg
Hackers Extort Executives After Claiming Oracle Apps Breach - Bloomberg
Executives and technology departments at large organizations are being extorted by a notorious ransomware group that claims to have stolen their data from a suite of popular Oracle Corp. applications.


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American climber Balin Miller dies aged 23 while climbing El Capitan | CNN
American climber Balin Miller dies aged 23 while climbing El Capitan | CNN
American climber Balin Miller has died at the age of 23 while climbing at Yosemite National Park, his mother confirmed on Thursday.


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Millions of Poor Retirees Have Lost an Easier Path to Help With Medicare
Millions of Poor Retirees Have Lost an Easier Path to Help With Medicare
The budget bill signed by President Trump suspended an effort to enroll more low-income older Americans in programs that assist them with rising health care costs.


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Who Still Has Temporary Protected Status Under Trump?
Who Still Has Temporary Protected Status Under Trump?
Conflicting court rulings have plunged hundreds of thousands of people with temporary protection from deportation into uncertainty.


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Video: Hamas Partially Accepts Trump's Peace Plan
Video: Hamas Partially Accepts Trump's Peace Plan
Hamas said it would release all Israeli hostages but wants to negotiate elements of President Trump’s peace plan for Gaza. Adam Rasgon, a reporter for The New York Times in Jerusalem, explains where negotiations stand.


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Police make almost 500 arrests at Palestine Action protest in London
Police make almost 500 arrests at Palestine Action protest in London
Meanwhile, hundreds of thousands of Italians and Spaniards marched in Rome, Barcelona and Madrid against Israel’s military campaign in Gaza in a massive show of growing international anger over the two-year war.


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Pritzker warns Trump planning send national guard to Chicago as border patrol there shoots woman
Pritzker warns Trump planning send national guard to Chicago as border patrol there shoots woman
Trump has also repeatedly deployed national guard troops to cities across the US, from Los Angeles to Washington DC, despite federal law generally prohibiting the use of the military for domestic law enforcement. The continuous pattern of military occupations on American soil has raised widespread concern about the politicization of the US military.


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Costco to sell weight-loss drugs such as Ozempic and Wegovy at half-price
Costco to sell weight-loss drugs such as Ozempic and Wegovy at half-price
Novo Nordisk has said that more than 200,000 Wegovy prescriptions are filled in the US each week. Still, the company faces stiff competition from pharmacies and clinics selling cheaper, copycat formulations of GLP-1 drugs.


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Why conservatives are attacking 'wokepedia'
Why conservatives are attacking 'wokepedia'
A crusade is growing against Wikipedia, which says it is intent on keeping a neutral point of view.


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U.S. Army Soldiers Can't Bring Their Tesla Cybertrucks to Germany
U.S. Army Soldiers Can't Bring Their Tesla Cybertrucks to Germany
The German government will let members of the U.S. armed forces bring American-market vehicles over ... just not the Tesla Cybertruck.


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Americans Are Getting More Worried About the Tanking Birth Rate - Business Insider
Americans Are Getting More Worried About the Tanking Birth Rate - Business Insider
Not everyone has a goal of becoming a parent, but Americans think a declining share of people starting families could bring some challenges to the US.


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Taylor Swift's Career Vs. the AI Stock Revolution: 5 Main Parallels - Business Insider
Taylor Swift's Career Vs. the AI Stock Revolution: 5 Main Parallels - Business Insider
Picture an unstoppable force that swallows up everything around it: people, businesses... even entire geographies.The value creation is immense. There's endless demand for spending, and entire new industries are constantly popping up in its wake.I could very well be talking about artificial intelligence. But no. I'm instead referring to America's pop princess, Taylor Swift, who just unleashed a new album upon the world on Friday.


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How to get better at spending money - FT
How to get better at spending money - FT
"People are often bad at knowing how to spend their money," wrote the American columnist David Brooks after going on safari in Africa.He and his family stayed in seven different locations on the trip -- some were modern and luxurious, while others were camps, sometimes lacking running water. When they got home, the family realised they had enjoyed their time in the cheaper camps more than in the luxury resorts.


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Israel prepares for hostage release after Hamas agrees to parts of Trump's peace plan - FT
Israel prepares for hostage release after Hamas agrees to parts of Trump's peace plan - FT
Israel said it was preparing for the release of all of its hostages after Hamas agreed to parts of Donald Trump's plan to end its two-year war in Gaza and the US president ordered Israel to "immediately" halt its offensive.Hamas announced on Friday night that it would release the hostages in line with Trump's 20-point peace plan, raising hopes of an end to the war that has devastated Gaza and triggered a regional conflict.


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Federal Agent in Chicago Shot Motorist in Confrontation, Officials Say
Federal Agent in Chicago Shot Motorist in Confrontation, Officials Say
The clash touched off more protests in the city over immigration enforcement. The Illinois governor said National Guard troops could be deployed soon against his wishes.


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Mark Sanchez, Ex-N.F.L. Quarterback, Is Charged in Stabbing in Indianapolis
Mark Sanchez, Ex-N.F.L. Quarterback, Is Charged in Stabbing in Indianapolis
Mr. Sanchez, who works as a Fox Sports commentator, was charged with battery on Saturday, the police said. He was in stable condition after being injured in the early-morning episode in Indianapolis.


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2 Children Are Dead and 2 Are in Critical Condition in Texas Shooting
2 Children Are Dead and 2 Are in Critical Condition in Texas Shooting
A 13-year-old and 4-year-old were killed, officials said. A 9-year-old and 8-year-old were airlifted for medical care and were in critical condition.


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Trump's Approach on Gaza: Deal First, Details Later
Trump's Approach on Gaza: Deal First, Details Later
“We’ll see how it all turns out,” President Trump said after Hamas agreed to portions of his cease-fire plan, with conditions.


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'A force for alienation': How The Social Network predicted the future of tech
'A force for alienation': How The Social Network predicted the future of tech
Directed by David Fincher and written by Aaron Sorkin, the Oscar-winning drama about the birth of Facebook proved to be an eerily prophetic look at social media's problems.



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