Investor Cathie Wood predicts a ‘shudder’ in Big Tech valuations, saying higher rates may test investor faith
“The way algorithms work these days, we think that there will be a reality check,” said Wood.
FORTUNE 
As Gen Z faces the white collar freeze in hiring, law and business school applications are soaring
Gen Z is rushing back to the classroom to dodge AI disruption as law-school applications have jumped 33% compared to this time last year.
Retail giants expand perks for SNAP shoppers, but working families left behind
Major retailers like Walmart and Amazon launch discount programs for SNAP users as grocery prices soar, offering reduced memberships and delivery perks.
FOX Business 
PayPal partners with OpenAI to allow customers to check out in ChatGPT
PayPal becomes first payment platform integrated into ChatGPT, enabling instant checkout for millions of users through new AI-powered commerce partnership.
Trump tells Japan’s first woman Prime Minister she has a ‘very strong handshake’ in Tokyo meeting
A putter from Shinzo Abe, gold golf balls, and American steak — Takaichi played to Trump’s taste for “golden age” diplomacy in Tokyo.
You can make $264,000 tutoring an anxious teenage girl from New Jersey—and you get to stay in a private house and take 45 days of vacation
A job posting looking to pay $264,000 for a private tutor requires that talent be taught in the American education system, have an easygoing personality, and a “good sense of humor.”
It’s Easier Than Ever to Turn Your Dial to a Live Event
Broadcast TV continues to draw big audiences. And they are increasingly getting special events, award shows and sports — lots of sports.
NYT Business 
Trump’s lawyers have asked a New York state appeals court to toss out his hush money criminal conviction
Appearing by video at his sentencing, Trump called the case a “political witch hunt,” “a weaponization of government” and “an embarrassment to New York.”
Amazon is pushing out thousands of workers into a job market that suddenly isn’t hiring
The layoffs come as Amazon aggressively spends on AI.
International laws need to be updated for a ‘machine-governed economic system,’ says CEO of stablecoin giant Circle
Jeremy Allaire said at Fortune Global Forum that the rise of technologies like AI and crypto will prompt governments to craft new legislation for corporations over the next 10 years.
UPS Has Already Cut 48,000 Workers This Year
The delivery company said about 70 percent of the layoffs affected drivers and warehouse workers.
Chegg’s CEO once said he’s the ‘poster child’ for AI shock. Now, the company is slashing 45% of staff
The edtech pioneer cuts 388 jobs and brings back Dan Rosensweig as CEO, underscoring how generative AI and shrinking Google traffic are reshaping student learning—and testing Chegg’s turnaround bet.
Amazon Lays Off 14,000 Corporate Staff, One of the Largest Job Cuts in Its History
The move arrives as Amazon makes significant investments in AI infrastructure, with capital expenditures expected to exceed $120 billion for the year.
Entrepreneur 
Japanese Executives Called On by Trump Pledge U.S. Investment
Toyota said it would sell some of its U.S.-made cars in Japan, one of a number of announcements by companies responding to U.S. pressure over trade imbalances.
Hotel industry reeling as government shutdown puts millions of workers on edge
Government shutdown devastates hotel industry with $650 million in losses and $31 million in daily economic damage as the holiday season approaches.
Don't Let Uncertainty Paralyze You — The Strongest Leaders Act Their Way Into Hope
These approaches from the frontlines of the environmental movement apply to the business world, too.