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Business Insider
09-06-2025
- Business
- Business Insider
The economy might be just fine after all
Welcome back! Do you know where your friends are? No seriously. Do you? If you're part of Gen Z, there's a good chance you're tracking their locations with the Find My Friends app. The rest of us … not so much. In today's newsletter, the case for the economy heading in the right direction is growing. What's on deck Markets: Three big things Citadel interns will learn during their first week on the job. Business: Online communities for helping people who were laid off are gaining steam. But first, don't sweat it. If this was forwarded to you, sign up here. The big story Economic optimismIt turns out the economy might be fine after all. After plenty of handwringing about what the future might hold, the hard data indicates an economy that's in decent shape. The latest good news was May's better-than-expected jobs report. The 139,000 jobs added were more than the 126,000 economists had expected. I don't mean to be too optimistic — when I mentioned this newsletter topic to my boss, they responded earnestly, "IS IT?" — but investors are also feeling a lot better about things. The Leuthold Group wrote in a recent note that the market believes the US economy will keep growing and is trading like there's "no recession risk whatsoever," writes BI's Christine Ji. The focal point of the investment firm's argument is the S&P 500 Cyclical/Defensive Ratio, which compares economically sensitive sectors to consumer staples. The higher the number, the more bullish investors are about the economy's prospects. Last month, the ratio hit an all-time high of 1.19, meaning cyclical stocks have a 19% edge over defensive ones. Translation: Investors aren't sweating a downturn. REUTERS/Lucas Jackson That's not to say we're totally in the clear. (You didn't think it would be all sunshine and rainbows, did you?) Bank of America, for one, recently warned of two big sell signals in stocks that are close to flashing, writes BI's William Edwards. One is the amount of money flowing into global stock funds: nearly 1% of their current assets under management within a four-week span. The other is that the vast majority of countries' indexes (84%) are trading higher than their moving targets. Both signals suggest investors could be getting too bullish for their own good. But BofA's warning is like a lot of the concerns about the economy and market going around these days: things that could happen. That's not to say those worries aren't valid. The uncertainty around tariffs remains a real question mark. And if the US posts a second-straight quarter of GDP contraction, it will be in a technical recession. Still, those issues haven't necessarily materialized in the economic data. Outside of last week's weaker-than-expected ADP jobs data, things are looking good. And Wednesday will be another chance to review the hard data with the monthly inflation report. 3 things in markets 1. Broke: Dr. Doom. Bespoke: Dr. Boom. Nouriel Roubini has been known as Wall Street's "Dr. Doom" for 17 years, but lately he's sounding pretty positive. Roubini has scaled back his recession call and thinks the US is headed for an investment boom — and he told BI why. 2. How to stand out in your Citadel internship. Head of campus recruiting Matt Mitro told BI the three keys to success that interns at Ken Griffin's hedge fund (and its market-making sister firm, Citadel Securities) learn in the first week. 3. Can JPMorgan be unionized? Dissatisfied staffers certainly hope so; they're organizing largely in response to the bank's RTO mandates. If a similar effort over at Wells Fargo is any indication, however, workers at Jamie Dimon's company have a long road ahead. 3 things in tech 1. Exclusive: Amazon freezes retail hiring budget for this year. The company said it will keep a "flat headcount opex," or operating expenses, according to a copy of an internal email obtained by BI. The company is still hiring, but holding the budget steady could encourage managers to get smarter with compensation expenses, BI's Eugene Kim reports. 2. Nvidia's challengers rise. Nvidia's costly and power-hungry chips are prompting competitors to seek more efficient solutions. Many of them are carving out a niche with chips for specific tasks, and industries, from high-frequency trading to sovereign AI, are already turning away from Nvidia. 3. Apple's big day may get awkward. The company's annual Worldwide Developers Conference is known for its flashy product announcements, drawing fanatics and investors to its headquarters. But this year, there will be some elephants in the room. BI's Peter Kafka broke down Tim Cook's problem. 3 things in business 1. A less colorful corporate Pride Month. Some companies are toning down their LGBTQ+ support amid cultural and political pressures. Regardless of how companies proceed, though, nobody seems happy. 2. Baker Tilly 🤝Moss Adams. As PE reshapes accounting, these former rivals are joining forces, merging to create the sixth-largest advisory CPA firm in the US. BI spoke with the CEOs about why they struck a deal. 3. Laid off? There's a support group for that. It's clear layoffs don't just impact "bad" employees. Now, online communities are helping remove the stigma and get people back on their feet. From Substack to Reddit, here's how the jobless are rallying. In other news Ai Weiwei made a piece of art out of plastic bricks that cost $280,000. I did it for $250. Brookfield Properties lays off executives as it continues evolution from CRE giant to asset manager. VC's new favorite guessing game: Who is Arfur Rock, the 'Gossip Girl of Silicon Valley?' The latest TikTok trend: Saying your parent is a big-time business exec. The Trump-Musk feud is painfully awkward for the GOP. AI search tools might be as good as they ever will be, one AI founder says. YouTube is testing a new feature to help videos travel around the world. Diabetes startup Omada Health finally went public after 14 years. Here's who made bank. A Big Four consulting giant tries to make accounting less boring with AI. DeepWho? DeepSeek rolled out even more powerful, cheap AI tech. If you missed it, you're not alone. What's happening today Apple Annual Worldwide Developers Conference opens with keynote by CEO Tim Cook. New US travel ban affecting 19 countries goes into effect. It's Bill & Ted Day. Be excellent and party on, dudes. The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York (on parental leave). Hallam Bullock, senior editor, in London. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Lina Batarags, bureau chief, in Singapore. Ella Hopkins, associate editor, in London. Elizabeth Casolo, fellow, in Chicago.
Yahoo
08-06-2025
- Yahoo
The sneaky new friendship divide between millennials and Gen Z
Whether to share your location is a heated topic, especially among millennials and Gen Z. As a Gen Zer, I share with 18 people, which my older friends may view as excessive. Gen X is indifferent, seeing both pros and cons, as social connections evolve post-pandemic. Do you want to share your location with me? Eighteen of my closest friends and family already do. On a Tuesday evening in early June, I can map a digital town square of that real-life network. One friend is still at the office; two are at Central Park; another is at home hundreds of miles away from me. These are people who share their location with me, not just for directions, but in perpetuity through the Find My Friends app. I think it strengthens our bonds to observe each other's routines and special outings — even when there's no practical need for it. To others, location sharing is a nightmare. They see it as an extension of the surveillance state, with their college roommate, jealous partner, or overbearing parent acting as Big Brother. The Washington Post proclaimed that it's "making us miserable." How you feel about your friends and loved ones being able to see where you are at any given time may represent your current lifestage, how friendships evolve, and technology's role in our relationships. "This is brand new culturally, historically," Anna Goldfarb, the author of "Modern Friendship: How to Nurture Our Most Valued Connections," told me of the confluence of friends and location-sharing technology. "And it makes sense that people are like, 'what does this mean?' This is something we haven't ever had that technology to do before — much less the space and freedom to do it." While it's impossible to generalize entire generations' attitudes toward anything, I wanted to find out how location sharing shakes out across the age spectrum. So, I spoke to seven people spanning three generations to get a sense of their feelings about sharing their location. Gen Zers were chill about it; so are Gen Xers. But as millennials approach middle age, location sharing highlights how their friendships are growing — or growing apart. The location sharing debate represents the journey of growing up in a digital age. As a geriatric Gen Zer, I'm still at a stage in life where the majority of my friends are single or unmarried, and pretty much none of them have kids. We're living similar lifestyles, often out and about, and I don't encounter many issues with my friends knowing my whereabouts at all times. That mid to late 20s uncoupledness and childlessness aligns with historical trends: On average, each generation gets married and has kids later in life. For Aiden Lewis, a 26-year-old Ph.D. student in the Boston area, sharing his location with his family is a matter of convenience. "The positives really far outweigh the negatives," he said, adding that while it's unlikely he'll be in danger, if he is, his parents would know his whereabouts. "But otherwise, the only risk on my part is minor embarrassment that they saw me out late drinking too much." A 2022 Harris Poll found that Gen Z, born 1997 to 2012, was the most likely generation to say it was convenient to share their location. For folks like Lewis, location sharing is just another digital tool in their belt. As Goldfarb, on the border between Gen X and the millennials, said, "When I was younger in my 20s, I would've absolutely loved to know where all my friends are at all times." As I've progressed through my 20s, location sharing has shown me some shifts that are harbingers of what's to come in the next decade: Couples are together more often. My higher-earning friends, or those in more corporate roles, might show up at nice hotels on a work trip or a more upscale vacation. Others might still be on campus for their graduate degrees. And it felt symbolic when I revoked a former college friend's location-viewing privileges — a sort of closure for a specific period in my life. Millennials, born 1981 to 1996, are in a life stage that's as bifurcated as their views toward location sharing. Meranda Hall, a 33-year-old in Brooklyn, operates more like a Gen Zer in this realm. She doesn't have any married friends, and she said she never plans to marry. She and her friends have no qualms about sharing their locations. "All the people that I share mine with, they're super open about it, and no one is ever anywhere particularly interesting for it to be too much of a debate," Hall said. For her peers of similar ages but a different life stage, like Goldfarb, location sharing might be more fraught. After age 30, Goldfarb said, friendships start falling off a cliff; people move, have kids, take on different jobs, or prioritize relationships relevant to their careers. "When you get older, you tend to have different perspectives on your friendships," she said. "You don't need your friends to know where you are at all times when you're older, because you probably have children, spouses, in-laws, there's just different relationships that bubble to the surface in my opinion," In my informal surveying, which also included several coworkers, millennials were the most likely to have very strong thoughts on location sharing. Some outright hated it, although still shared with one or two friends, and others felt no need for it, unless they were happily coupled and shared with spouses. Some said they found it to be strangely intimate. Olivia Bethea, 31, said she only shares with four people. She said she's noticed location sharing coming up more in regular conversations, with people offhandedly referencing that they checked where someone else was. She doesn't see herself expanding her location-sharing circle more. "A lot of people end up sharing where they are anyway on Instagram and stuff, but I'm finding myself to be a little bit more protective over it," she said. "People can make a lot of inferences from your location, and I just don't want to invite those inferences." Millennials grew up before everyone carried an always-on GPS device at all times. A concern that I heard repeatedly was about surveillance and willingness to constantly reveal where they were, which doesn't seem to bother the always-tracked and always-online Gen Zers. "Millennials, it wasn't something that we always had. I guess if you're Gen Z, it's kind of always been a thing," Hall said, adding, "I guess it's just something to be skeptical about." When I spoke to Gen Xers about location sharing, I was met with a proverbial shrug. The forgotten generation, born 1965 to 1980, doesn't seem to be too pressed about location sharing, although they're not eager to adopt the practice either. Meredith Finn, a Gen Xer in her 50s in Maine, said she thinks she missed the location-sharing bandwagon completely. It would've been more fun in college, on a night when all her friends were out at different bars. "I remember nights when we'd go from bar to bar looking for some of our friends, and we'd just miss them," she said. "And it just would've been kind of nice to be able to see where everybody was hanging out. Of course, we didn't have anything like that. We didn't even have cellphones when I was in college." She said that she'd probably be willing to share her location with a few friends. But if anyone came up to her and asked to share her location, "I think I would say, 'Why? Just send me a text and ask me where I am.'" Leslie Lancaster, a 47-year-old in California, felt similarly — she said she's shared location when she's navigating somewhere difficult to find on a map, or trying to find friends in rural locations. Lancaster said she can see the benefits of it, but also how it could become controlling in the wrong hands. "For myself, my husband and I, I don't need to know where he's at all the time. So that's why I probably wouldn't share my location with him, unless I were potentially off on a vacation or a trip where I was not with him," she said. Both Gen Xers said they could see its utility in a time when folks are struggling to connect or feeling more isolated. Lancaster said she could understand the impulse to see where your friends are, even if you're not actively communicating. "People are so isolated now. I mean, since the pandemic and a lot of work from home, a lot of people are just in their little bubbles," Finn said, adding that it's rarer to pop into your regular coffeeshop and run into five friends. "It doesn't happen the way it used to." Like many technological advances, your thoughts on location sharing are a reflection of your own situation. It's at a crossroads of issues facing our social lives: The lack of third spaces has put them into our phones, social circles are shrinking, and we've had to use technology to fill the gaps. I'm sure Gen Alpha, born 2010 to 2024, will come up with something that horrifies and shocks me (they're already back on Snapchat). As I creep toward age 30, I am thinking about the ways the social contours of my life have changed; in speaking with other Gen Z peers, we all realized we had a few friends we'd fallen out of touch with who were still lingering on Find My Friends. Right now, though, it feels mean to pull the cord. "I predict that this is something that you're going to change your relationship with," Goldfarb told me. She added, "I think that it's more likely that it's going to be a more concentrated friend group that will need to know this about you." Do you have strong thoughts or feelings about location sharing? Contact this reporter at jkaplan@ Read the original article on Business Insider

Business Insider
08-06-2025
- Business Insider
The sneaky new friendship divide between millennials and Gen Z
Do you want to share your location with me? Eighteen of my closest friends and family already do. On a Tuesday evening in early June, I can map a digital town square of that real-life network. One friend is still at the office; two are at Central Park; another is at home hundreds of miles away from me. These are people who share their location with me, not just for directions, but in perpetuity through the Find My Friends app. I think it strengthens our bonds to observe each other's routines and special outings — even when there's no practical need for it. To others, location sharing is a nightmare. They see it as an extension of the surveillance state, with their college roommate, jealous partner, or overbearing parent acting as Big Brother. The Washington Post proclaimed that it's "making us miserable." How you feel about your friends and loved ones being able to see where you are at any given time may represent your current lifestage, how friendships evolve, and technology's role in our relationships. "This is brand new culturally, historically," Anna Goldfarb, the author of "Modern Friendship: How to Nurture Our Most Valued Connections," told me of the confluence of friends and location-sharing technology. "And it makes sense that people are like, 'what does this mean?' This is something we haven't ever had that technology to do before — much less the space and freedom to do it." While it's impossible to generalize entire generations' attitudes toward anything, I wanted to find out how location sharing shakes out across the age spectrum. So, I spoke to seven people spanning three generations to get a sense of their feelings about sharing their location. Gen Zers were chill about it; so are Gen Xers. But as millennials approach middle age, location sharing highlights how their friendships are growing — or growing apart. A Gen Z convenience The location sharing debate represents the journey of growing up in a digital age. As a geriatric Gen Zer, I'm still at a stage in life where the majority of my friends are single or unmarried, and pretty much none of them have kids. We're living similar lifestyles, often out and about, and I don't encounter many issues with my friends knowing my whereabouts at all times. That mid to late 20s uncoupledness and childlessness aligns with historical trends: On average, each generation gets married and has kids later in life. For Aiden Lewis, a 26-year-old Ph.D. student in the Boston area, sharing his location with his family is a matter of convenience. "The positives really far outweigh the negatives," he said, adding that while it's unlikely he'll be in danger, if he is, his parents would know his whereabouts. "But otherwise, the only risk on my part is minor embarrassment that they saw me out late drinking too much." A 2022 Harris Poll found that Gen Z, born 1997 to 2012, was the most likely generation to say it was convenient to share their location. For folks like Lewis, location sharing is just another digital tool in their belt. As Goldfarb, on the border between Gen X and the millennials, said, "When I was younger in my 20s, I would've absolutely loved to know where all my friends are at all times." As I've progressed through my 20s, location sharing has shown me some shifts that are harbingers of what's to come in the next decade: Couples are together more often. My higher-earning friends, or those in more corporate roles, might show up at nice hotels on a work trip or a more upscale vacation. Others might still be on campus for their graduate degrees. And it felt symbolic when I revoked a former college friend's location-viewing privileges — a sort of closure for a specific period in my life. Millennials are divided Millennials, born 1981 to 1996, are in a life stage that's as bifurcated as their views toward location sharing. Meranda Hall, a 33-year-old in Brooklyn, operates more like a Gen Zer in this realm. She doesn't have any married friends, and she said she never plans to marry. She and her friends have no qualms about sharing their locations. "All the people that I share mine with, they're super open about it, and no one is ever anywhere particularly interesting for it to be too much of a debate," Hall said. For her peers of similar ages but a different life stage, like Goldfarb, location sharing might be more fraught. After age 30, Goldfarb said, friendships start falling off a cliff; people move, have kids, take on different jobs, or prioritize relationships relevant to their careers. "When you get older, you tend to have different perspectives on your friendships," she said. "You don't need your friends to know where you are at all times when you're older, because you probably have children, spouses, in-laws, there's just different relationships that bubble to the surface in my opinion," In my informal surveying, which also included several coworkers, millennials were the most likely to have very strong thoughts on location sharing. Some outright hated it, although still shared with one or two friends, and others felt no need for it, unless they were happily coupled and shared with spouses. Some said they found it to be strangely intimate. Olivia Bethea, 31, said she only shares with four people. She said she's noticed location sharing coming up more in regular conversations, with people offhandedly referencing that they checked where someone else was. She doesn't see herself expanding her location-sharing circle more. "A lot of people end up sharing where they are anyway on Instagram and stuff, but I'm finding myself to be a little bit more protective over it," she said. "People can make a lot of inferences from your location, and I just don't want to invite those inferences." Millennials grew up before everyone carried an always-on GPS device at all times. A concern that I heard repeatedly was about surveillance and willingness to constantly reveal where they were, which doesn't seem to bother the always-tracked and always-online Gen Zers. "Millennials, it wasn't something that we always had. I guess if you're Gen Z, it's kind of always been a thing," Hall said, adding, "I guess it's just something to be skeptical about." Gen X shrugs When I spoke to Gen Xers about location sharing, I was met with a proverbial shrug. The forgotten generation, born 1965 to 1980, doesn't seem to be too pressed about location sharing, although they're not eager to adopt the practice either. Meredith Finn, a Gen Xer in her 50s in Maine, said she thinks she missed the location-sharing bandwagon completely. It would've been more fun in college, on a night when all her friends were out at different bars. "I remember nights when we'd go from bar to bar looking for some of our friends, and we'd just miss them," she said. "And it just would've been kind of nice to be able to see where everybody was hanging out. Of course, we didn't have anything like that. We didn't even have cellphones when I was in college." She said that she'd probably be willing to share her location with a few friends. But if anyone came up to her and asked to share her location, "I think I would say, 'Why? Just send me a text and ask me where I am.'" Leslie Lancaster, a 47-year-old in California, felt similarly — she said she's shared location when she's navigating somewhere difficult to find on a map, or trying to find friends in rural locations. Lancaster said she can see the benefits of it, but also how it could become controlling in the wrong hands. "For myself, my husband and I, I don't need to know where he's at all the time. So that's why I probably wouldn't share my location with him, unless I were potentially off on a vacation or a trip where I was not with him," she said. Both Gen Xers said they could see its utility in a time when folks are struggling to connect or feeling more isolated. Lancaster said she could understand the impulse to see where your friends are, even if you're not actively communicating. "People are so isolated now. I mean, since the pandemic and a lot of work from home, a lot of people are just in their little bubbles," Finn said, adding that it's rarer to pop into your regular coffeeshop and run into five friends. "It doesn't happen the way it used to." Gen Alpha may come up with something even newer and more horrifying Like many technological advances, your thoughts on location sharing are a reflection of your own situation. It's at a crossroads of issues facing our social lives: The lack of third spaces has put them into our phones, social circles are shrinking, and we've had to use technology to fill the gaps. I'm sure Gen Alpha, born 2010 to 2024, will come up with something that horrifies and shocks me (they're already back on Snapchat). As I creep toward age 30, I am thinking about the ways the social contours of my life have changed; in speaking with other Gen Z peers, we all realized we had a few friends we'd fallen out of touch with who were still lingering on Find My Friends. Right now, though, it feels mean to pull the cord. "I predict that this is something that you're going to change your relationship with," Goldfarb told me. She added, "I think that it's more likely that it's going to be a more concentrated friend group that will need to know this about you."


Metro
04-06-2025
- Entertainment
- Metro
Series compared to Friends leaves fans begging for one thing after 8 episodes
It's been over 30 years since the first episode of Friends, when Rachel Green infamously ran into Central Perk in a wedding dress – now there's a new show about New Yorkers muddling through in their twenties in its stead. The eight-episode comedy Adults sees a group of twenty-something housemates navigating the highs and lows of adulthood together and it's already being compared to the sitcom classic. The new Disney Plus show follows the close-knit – and perhaps codependent – friendship group of Samir (Malik Elassal), Billie (Lucy Freyer), Paul (Jack Innanen), Issa (Amita Rao) and Anton (Owen Thiele) as they live together in Samir's childhood home in Queens. With a stellar soundtrack and guest stars ranging from Charlie Cox to Julia Fox, the show has already gone down a storm with Disney subscribers and is climbing up the platform's UK top 10 ranking. The official synopsis for Adults reads: 'Whether they're trying to get ahead at work, navigating the healthcare system, hosting a dinner party or dating in the age of Find My Friends, the group is finding that nothing about the real world is simple, and all their best intentions tend to make things worse.' The show's creators, Ben Kronengold and Rebecca Shaw, are former writers on The Tonight Show Starring Jimmy Fallon and referenced Friends as one of the inspirations. 'We grew up on Friends, Seinfeld, Living Single and then Broad City and Girls, all of these friend group comedies,' Shaw told The Sydney Morning Herald. 'It's our favourite genre of television.' The writing duo are also a couple, as Kronengold added: 'We bonded over it very early in our friendship and relationship. We were fans, but also students of the thing. Even the name, Adults, is kind of an homage to the genre.' Shaw continued: '[The show is about] that symbiosis of those two parts of young adulthood: the discomfort of wading through something strange, and then knowing your friends will be there for you on the other side of it.' Disney Plus viewers have already taken to X to praise the show, with @poetsonfilm tweeting: 'Finally started watching adults and it's an instant hit what can i say.' @Bondos_b) added: 'Finished season 1 of Adults and I loved it. Felt like a modern day Friends. I hope this gets a second season!' They then added: 'Overcompensating was better though,' referring to the similar Gen Z comedy currently streaming on Prime Video. Fellow viewers were also adamant the show needs a second season, with @leedfrazer writing: 'Still waiting for that Adults season two renewal FX… anytime now…' @Maxime_pvv chimed in: 'I've just (already) finished all 8 episodes of #AdultsFX, really a fun comedy like we had in the 2010s. I'm hoping for a season 2 because I miss them already!' More Trending There are also plenty of stellar reviews of the show on IMDb, with @Katie-612 writing: 'I think so many sitcoms are pitched now as being 'like Friends for Gen Z' but it's hard to find a show that actually understands what made Friends so captivating. 'I found Adults to be laugh out loud funny and it truly felt like it was written by people in their 20s who understand what it's like to be entering adulthood in this decade. 'Most importantly, I think it really captured friendships and the kind of odd groups you often find yourself in right out of college. I think this show will really find its footing in the next seasons and we'll begin to feel really attached to the characters. I put it on expecting to just watch a few episodes but I ended up bingeing the whole thing.' Adults is available to stream on Disney Plus. Got a story? If you've got a celebrity story, video or pictures get in touch with the entertainment team by emailing us celebtips@ calling 020 3615 2145 or by visiting our Submit Stuff page – we'd love to hear from you. View More » MORE: All episodes of 'thrilling' axed historical drama dropping on free UK streamer MORE: I'm a TV critic – here's 7 shows I'm bingeing in June MORE: Disney+ users warned to check important detail to avoid £1,000 fine

RNZ News
28-05-2025
- Health
- RNZ News
Tracking apps and their use in coercive relationships
It's natural for parents to want to know where their children are and technology has made that easier with the use of tracking apps like Life360, Find My Friends or Google Family. But research suggests that the use of these apps may have unintended consequences, normalising the idea of personal tracking to the point where young people don't recognise when a partner crosses the line from caring to coercive. Spanish researcher and academic, María Atiénzar Prieto is doing her PhD on how young people perceive the use of digital technology as a form of control in relationships. She explains to Kathryn how her work raises concerns about the failure to set appropriate digital boundaries. Originally from Spain, María Atiénzar Prieto is doing her PhD at Griffith University in Queensland. Photo: SUPPLIED/María Atiénzar Prieto