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US auto market projected to shrink over next decade

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US auto market projected to shrink over next decade

The U.S. auto market is projected to decline significantly by 2040, pressured by lower birth rates, changing consumer behaviors and rising vehicle costs. According to a Bain & Company analysis, younger consumers are increasingly opting for alternatives like ride-sharing, while high monthly payments deter new car purchases. The share of 16-year-olds with a driver’s license has fallen to roughly 50% today, compared with nearly 70% from 1966 to 1984. As competition intensifies among automakers, the industry may need to consolidate to adapt to these shifts.

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Ford finds AI can't replace people — at least in 1 area

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Ford finds AI can't replace people — at least in 1 area

Lots of companies are cutting back on human hires as they embrace AI. Ford is doing the opposite. The automaker hired 350 experienced engineers over the past three years to help fix the "seemingly intractable quality woes" it's been facing — woes that AI didn't handle well enough, admitted COO Kumar Galhotra. Now, with the support of the "gray beard" engineers, Ford's cut down on recall costs and warranty coverages, CEO Jim Farley revealed Thursday, and JD Power crowned it the top mainstream car brand in terms of quality.

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Saks exits Chapter 11, rebrands as Exemplar Luxury Group

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Saks exits Chapter 11, rebrands as Exemplar Luxury Group

Roughly half a year after filing for Chapter 11, retail giant Saks Global has emerged from bankruptcy protection, and changed its name to Exemplar Luxury Group. The company — which owns Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman — says it has cut its debt by 75% and secured $500 million in new funding. CEO Geoffroy van Raemdonck, who was appointed to lead Saks' restructuring, tells The New York Times the new-look company will focus more exclusively on higher-end retail, pledging to "reimagine what the luxury experience is."

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'Toy Story 5' sets franchise record with $160M debut

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'Toy Story 5' sets franchise record with $160M debut

"Toy Story 5" topped $160 million stateside in its opening weekend, the biggest domestic debut in the beloved 31-year-old franchise's history and the second-highest opening weekend for an animated feature ever. The Disney-Pixar sequel, which cost $250 million to produce, is estimated to collect a global weekend haul of $312 million, surpassing box office predictions and Universal’s “Super Mario Galaxy Movie” launch. It is the latest explosive opening for an animated feature, with family groups driving roughly 70% of ticket sales.

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SpaceX to acquire the AI coding startup Cursor for $60 billion

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SpaceX to acquire the AI coding startup Cursor for $60 billion

SpaceX announced it will acquire the AI coding startup Cursor for $60 billion in an all stock transaction. The Cursor deal could bolster SpaceX efforts to compete with rivals like Anthropic and OpenAI, which offer popular coding tools. SpaceX expects the merger to close during the third quarter of this year, according to a filing

1 min read 0 likes 148 views 0 comments
Professional thumbnail showing an Oracle PeopleSoft login screen on a laptop in a dark office, with a security analyst at multiple monitors in the background and the headline “PeopleSoft 0-Day.”

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ShinyHunters’ PeopleSoft Campaign Shows Why Enterprise Software Is the New Breach Front Door

ShinyHunters is accused of exploiting an Oracle PeopleSoft zero-day to target more than 100 organizations, with higher education making up a large share of victims. The campaign shows why enterprise platforms that manage HR, payroll, finance, and student administration have become high-value targets for extortion groups.

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Artificial intelligence is rapidly reshaping the legal field

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Artificial intelligence is rapidly reshaping the legal field

Law firms are hiring talent from the tech industry as they integrate AI and even develop bespoke tools for clients. They're adapting their pricing models, in some cases offering a choice between services provided by AI and full-fledged legal advice from human lawyers. Firms are also contemplating how to restructure as they turn over routine tasks to AI and need fewer junior associates.

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