Join Us Wednesday, June 17
Kevin Warsh looks ready to rewrite the Fed’s rules

Kevin Warsh has taken the podium — and he plans to make some major changes at the central bank.The Federal Open Market Committee opted to hold rates steady at its June meeting, the first with former Wall Street executive Warsh as chair. FOMC leaders voted unanimously for the hold, with…

Think a kid-free internet sounds great? You’re not paying attention.

I have a rule about the internet that serves me well whenever I see something I don’t quite understand: Assume everything you’re seeing is for — or by — 12-year-olds.Wondering what “Baby Gronk rizzed up Livvy Dunne” means? It’s for 12-year-olds. Unclear about Skibidi Toilet or Italian brainrot? That’s because it’s for children. See a photo of The Grinch smiling and saying, “That feeling when knee surgery is tomorrow?” That’s for 7th graders, not you.…

Finance news

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The next office power struggle: AI tokens

Pylon CEO Marty Kausas had to make a difficult choice: scale back token spending, or stomach a $1.4 million bill.Kausas said that his AI software company was fast approaching 150 employees on its Anthropic plan earlier this month, a point where the bill would more than triple. That realization got…

Business

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McDonald’s brings back fried apple pie after more than 30 years off menu

McDonald’s announced Tuesday that it is bringing back its fried apple pie to celebrate America’s 250th birthday. The fried apple pies will be available at participating U.S. restaurants for a limited time starting June 23, marking their first broad U.S. rollout in more than 30 years.”Summer tends to move fast…

Markets

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Panera’s CEO regrets a cost-cutting move he approved as CFO

As Panera Bread’s chief financial officer, Paul Carbone once signed off on a change that looked good on a spreadsheet.The chain swapped its salad base from 100% romaine lettuce to a mix of romaine and iceberg in the summer of 2024, a move he said was intended to save money.Now,…

Investing

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