Writing the summary…
How Nvidia, Micron and a surprising jobs report drove last week's stock action
Source: CNBC
Original reporting
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CNBC
High interest rates are foreclosing on the American dream of home remodeling
Homeowners are stuck in houses they might have left by now due to the low mortgage rates of the past, and can't even remodel with HELOCs too expensive to tap.
The Guardian2 outlets
Burnham must remember: more regulation is not the best way to improve public services | Phillip Inman
In the NHS as in the private sector, the measure of success should be customer satisfaction and not just box-ticking Andy Burnham said he wanted to “rewire” the economy. Then he seemed to slam on the brakes, kicking most reforms into the 2030s. Local government reorganisation is on hold, along with an overhaul of the much-maligned water industry. Social care and significant welfare reform are matters to be resolved by the next government. Continue reading...
CNBC
Gen Alpha kids are earning money. Here's how parents can help them save and invest
Gen Alpha kids are earning and spending their own money. Parents can use savings, investing and education tools to build healthy habits.
The Guardian
California’s new laws target workers’ biggest fear of AI taking their jobs
The state, which is home to many AI companies, is one of the first to roll out workplace regulations targeting the technology California’s laws aimed at protecting workers from the impacts of artificial intelligence could pave the way for broader workplace safeguards across the US as calls for regulating the technology mount. As the federal government goes hands-off on AI, California is taking the reins to address workers’ biggest fears. On Thursday, California governor Gavin Newsom signed a suite of new laws that ban bosses from relying entirely on AI to decide whether to fire workers, using it to predict employees’ emotional states or collecting neural data, meaning the information from electrical signals of someone’s brain or nerves. They also require companies to notify workers if layoffs were caused by AI and prohibit AI surveillance in workplace bathrooms. Continue reading...
CNBC
Novig credits Sydney Sweeney-backed campaign for platform’s surge in growth
Novig's "Just Sports" campaign drew backlash from some female athletes but also brought in a rush of trading volume.
CNBC
Lula or Bolsonaro: Wall Street braces for two wildly different results in Brazil election
With the first round of Brazil's presidential election taking place Sunday, Wall Street is gearing up with starkly different market predictions.