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On June 12, Commerce Secretary Howard Lutnick sent Anthropic a letter giving the company 90 minutes to disable two of its most powerful AI models for every customer it had, anywhere in the world. Anthropic confirmed it complied. Two weeks of negotiations in Washington followed. On June 26, Lutnick sent Anthropic another letter. Anthropic confirmed […]

Francis LLC’s Edward McIlveen, CFA unpacks what today’s conversations look like between consultants and plan sponsors, including where the biggest interest tends to come from (with target-date portfolios leading the way). We also break down what makes CIT due diligence different, what paperwork and agreement reviews are typically required, and the key underwriting questions that

Costco’s core product, selling items in bulk, works against the idea of visiting the chain multiple times a week. If you bought 36 cans of Coke, a four-pound tube of ground beef, and a 12-pack of toothbrushes, you probably don’t need to go back quickly. Rising gas prices changed that as members flocked to warehouses

The technology sector, for the most part, has avoided a wave of bankruptcy filings that other industries have faced, including retail, restaurants, and real estate companies. One significant technology bankruptcy this year was Pepper Pay LLC, a Miami, Fla.-based financial technology company that sold digital payment processing services to small businesses, which filed for Chapter

Big banks are making money, and while these jobs are often considered stable, that does not automatically mean every banking job is safe. Financial firms have spent the past several years adjusting to higher interest rates, changing customer habits, rising technology spending, and pressure to run more efficiently. That creates a difficult reality for workers.

Contrarian investors make their reputations by being right when everyone else is wrong. The harder trick is knowing when their own bearishness has run its course. The best of them can flip without flinching. Few investors carry a heavier bearish reputation than Michael Burry. The Scion Asset Management founder is the man who shorted the

The aviation industry has spent years making the case that sustainable fuel is the path to decarbonization. In early March, a global energy shock made that case in a way no industry conference ever could, and simultaneously exposed how fragile the supply chain behind that fuel actually is. SAF prices in California hit an all-time

For many Americans, decades of steady growth in a 401(k) balance can reinforce confidence that retirement planning is on track. But a rising account balance does not necessarily mean a portfolio is positioned to generate reliable income for retirees. Fidelity’s first-quarter 2026 retirement analysis indicates that many savers near retirement hold portfolios skewed toward growth

The craft beer industry has faced plenty of bad news over the last year. Craft brewer volume sales declined by 4% in 2025, while retail dollar sales decreased by 2.8% to $28 billion, which accounts for 24.8% of the $113 billion U.S. beer market, the Brewers Association said. The number of operating craft breweries also

Every few years, the biggest event in sports gets a little bigger. More teams, more matches, and more countries with a reason to tune in. Fans tend to notice the added drama. The people who run the sport tend to notice the added money. For most of its modern history, the World Cup was a