Mindblown: a blog about philosophy.

Stocks fell sharply Thursday, and oil prices rose as doubt took over again from hope on Wall Street about a possible end to the war with Iran. The Standard & Poor’s 500 index slumped 1.7% for its worst day since January and is back on track for a fifth straight losing week. That stretches back…

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative…

© jetcityimage / Getty Images Abercrombie & Fitch (NYSE:ANF) has had a turbulent 2026. Shares are down 26% year-to-date, pulling back from a 52-week high of $133.11, though the stock has recovered 2.65% over the past week and sits nearly 21% above where it traded one year ago. Most analysts carry more moderate forecasts, with…

By MICHAEL HILL The average Wall Street bonus rose to a record $246,900 in 2025 amid a surge in profits, New York state’s comptroller reported Thursday. The average bonus rose 6% — or almost $15,000 higher — from the previous year. Wall Street’s bonus pool reached a record $49.2 billion in 2025, up 9%, according…

Oil prices rallied as traders reacted to recent developments in the Middle East. WTI oil climbed above the $94.00 level, while Brent oil rallied towards $108.00. The rally will continue in case of an additional escalation in the Middle East, which will be bearish for stocks. Treasury yields moved higher as bond traders bet that…

Spencer Platt/Getty Images The effects of higher oil prices could cut slash 10,000 jobs a month, Goldman Sachs says. The bank said it expects the unemployment rate to rise to 4.6% by the end of the year. Higher oil prices can raise inflation and hurt consumer spending, which could worsen the hiring slowdown. The oil…

Geopolitical tensions are rising, and with the Strait of Hormuz still closed to most ships, energy prices have remained elevated. Oil is now above $100 a barrel as of this writing and will likely go up even further if the strait is closed for longer. If the prices of oil and natural gas remain elevated,…

The US economy lost 92,000 jobs in February, according to the latest data from the Bureau of Labor Statistics, in a far weaker report than had been expected. The unemployment rate rose to 4.4% in February from 4.3% in January. Nonfarm payroll employment had been forecast to show an increase of 60,000, down from the…

Key Highlights Table of Contents Apple is set to unveil advertising capabilities within its Maps application, with a formal reveal potentially happening before month’s end The advertising model mirrors Google Maps’ approach, enabling companies to purchase priority placement for specific search queries The feature is slated to debut in Maps during summer months, accessible on…

Key Highlights Table of Contents Bloomberg reports Apple is preparing to integrate third-party AI platforms including Google Gemini and Anthropic Claude into Siri. iOS 27 is anticipated to introduce this functionality, with a preview scheduled for WWDC in June 2025. iPhone owners will gain the ability to select their preferred AI assistant for different queries…