Uber Says AI Is Writing More Code and Slowing Hiring Growth

Just 27.6% Of Stocks Outperform The Market While 60% Destroy Shareholder Wealth, New Study Finds From 1926 through 2025, just 27.6% of stocks beat the broader market. Nearly 60% actually destroyed shareholder wealth, and the median stock delivered a lifetime return of -6.9%. Yet despite those sobering odds, U.S. stocks collectively created roughly $91 trillion in wealth over the last century, with just 46 companies responsible for half of it. Those are some of the headline findings from a new study by Hendrik Bessembinder of Arizona State University's W.P. Carey School...

Kanye West Banned From UK: Wireless Festival Cancelled After Home Office Revokes Travel Authorization The UK Home Office has barred Kanye West (aka Ye) from entering the country, ruling that his presence “would not be conducive to the public good.” The decision, made hours after he received an initial Electronic Travel Authorisation (ETA) on Monday, has triggered the immediate and complete cancellation of Wireless Festival, where he was set to headline all three nights in July at Finsbury Park. "The Home Office has withdrawn Ye’s ETA, denying him entry into the...

The Case For Air Conditioning Is Growing In Britain A recent spell of extreme heat has intensified debate over whether UK homes should be designed with built-in cooling systems, according to FT. Air conditioning remains uncommon in Britain, with fewer than 5% of homes equipped with it, reflecting a long-standing view that cooling is a luxury rather than a necessity. FT writes that current building standards favor passive methods of controlling indoor temperatures, such as insulation, shading, and natural ventilation. Developers generally prioritize these measures, arguing they are more energy-efficient and better...