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Selig said prediction markets “provide useful functions to society," but notably did not mention sports betting, which is where the products are facing the most heat.

Spotify's CEO says its best developers haven’t written a line of code since December — all thanks to AI. Read more: bit.ly/4tM6XXK

Ford's first-gen EVs — think the Mustang Mach-E and F-150 Lightning pickup — gave the automaker valuable insights into what customers want, as well as the difficulties in manufacturing EVs from scratch. The big problem for Ford and other non-Tesla automakers was that customer demand was nowhere near the excitement levels projected by the industry, and the costs associated with the program were massive, to the tune of $19.5 billion in write-offs for Ford. As a result, Ford pivoted its EV plans, but it's not giving up. The company's focus is on a new universal electric vehicle (UEV) platform built from the ground up with a "skunkworks" team in California. The first product will be a midsize EV pickup costing around $30,000, targeting profitability from the start. More on the how Ford's second gen EVs use fewer parts, are cheaper to make, and have smaller batteries - https://lnkd.in/e8bUf_hV

The bosses across Wall Street’s six biggest banks all saw their pay jump after a banner 2025. CEOs for JPMorganChase, Bank of America, Citi, Wells Fargo, Morgan Stanley, and Goldman Sachs all earned $40 million or more in total compensation last year. Collectively, their pay increase for 2025 rose by $45.3 million from the year before to $258 million, according to regulatory filings and Yahoo Finance’s tally. That combined increase was their second-highest ever, after 2021, with the majority of their pay coming in the form of stock-linked incentives as opposed to cash. This year, Morgan Stanley CEO Ted Pick saw the biggest bump among rivals, followed by Wells Fargo CEO Charles Scharf. More, from David Hollerith: https://lnkd.in/ekUSA6We

Debt delinquency saw a steep increase at the end of 2025, driven by defaults among younger and lower-income borrowers and further evidence of a “K-shaped” economy. Read more: yhoo.it/4roGUnW

Credit card balances rose by $44 billion to a record high of $1.28 trillion at the end of 2025. yhoo.it/4roGUnW

Carrying a credit card balance from month to month can be mentally and financially draining, especially if your credit card has a steep APR and your minimum payments are barely making a dent in your balance. Making real progress starts with the right strategy. 👇

New data shows that total household debt hit a new high of $18.8 trillion at the end of 2025. Read more: yhoo.it/4roGUnW

Big Tech's taxes got way lower in 2025. Here's why. 💰

Sellers seem to be asking, "What if the market is not taking AI seriously enough?"