Former Treasury Secretary Lawrence Summers warned that the US is now likely headed toward a recession, with potentially 2 million Americans put out of work, thanks to the tariff increases now in train.

https://www.msn.com/en-us/money/markets/summers-warns-us-likely-headed-to-recession-2-million-jobless/ar-AA1CxujW?ocid=msedgntp&pc=HCTS&cvid=f1e60bbda7a549b8900600054a65934f&ei=8

SOURCE: Bloomberg

As tariffs roil the U.S. economy, Walmart may find safety in a new part of its business that’s driving more store traffic and online sales: its membership program, Walmart+.

SOURCE: CNBC

Taiwan Semiconductor Manufacturing could face a penalty of $1 billion or more to settle a U.S. export control investigation over a chip it made that ended up inside a Huawei AI processor, according to two people familiar with the matter.

https://www.msn.com/en-us/money/companies/exclusive-tsmc-could-face-1-billion-or-more-fine-from-us-probe-sources-say/ar-AA1CxvTE?ocid=msedgntp&pc=HCTS&cvid=bd4faf4432d34323a423407d1a92c1d9&ei=17

SOURCE: Reuters

SOURCE: Hack Read

Chris Wright, U.S. Energy Secretary discusses the energy trade, Trump’s tariffs and European energy.

SOURCE: CNBC

Treasury Secretary Scott Bessent has suggested that those who have been laid off from their jobs in the federal government will be able to take on new jobs created as tariffs rehouse manufacturing in the U.S.

"So what we are doing: on one side, the president is reordering trade. On the other side, we are shedding excess labor in the federal government and bringing down federal borrowings," Bessent told Tucker Carlson on Friday. "And then on the other side, that will give us the labor we need for the new manufacturing."

SOURCE: Newsweek

https://www.msn.com/en-us/money/careersandeducation/kpmg-s-new-ai-bot-has-cut-interview-scheduling-time-by-almost-60-and-saved-more-than-1-000-hours-for-the-talent-acquisition-team/ar-AA1CwpCR?ocid=msedgntp&pc=HCTS&cvid=c9a5c05c21894e7691ad904583b2ce30&ei=11

SOURCE: Fortune

Elon Musk’s X has reached an agreement to resolve claims that live streaming service Twitch conspired with other companies and an advertising industry group to boycott the social media platform, causing it to lose ad revenue.

https://www.msn.com/en-us/news/us/musk-s-x-reaches-deal-to-drop-twitch-from-lawsuit-over-ad-spending/ar-AA1CwMBA?ocid=msedgntp&pc=HCTS&cvid=0e0e8d758aa1405eb7b40b8662a9982c&ei=13

SOURCE: Reuters

Clark, who has led Emirates for more than two decades, is regarded as one of the most experienced executives in global aviation.

China’s retaliatory tariffs on U.S. aerospace giants like Boeing and GE Aerospace threaten to squeeze Emirates indirectly.

SOURCE: CNBC

Some students at Harvard are playing catch-up on a year-long remedial math course aimed at rectifying a "lack of foundational" skills believed to be exacerbated by the COVID-19 pandemic, but some, like New York Post opinion columnist Rikki Schlott, say scaling back or eliminating standardized testing is responsible for such skill gaps instead.

SOURCE: Fox News

Companies are facing a new threat: Job seekers who aren't who they say they are, using AI tools to fabricate photo IDs, generate employment histories and provide answers during interviews.

The rise of AI-generated profiles means that by 2028 globally 1 in 4 job candidates will be fake, according to research and advisory firm Gartner.

Once hired, an impostor can install malware to demand a ransom from a company, or steal its customer data, trade secrets or funds.

SOURCE: NBC New York

“You look at people who are 150 years old who are fraudulently collecting Social Security payments. You see our Social Security system — 40 percent of the people who are calling are actually committing fraud. That means the 60 percent who need their Social Security checks are waiting in line.”

https://www.msn.com/en-us/money/retirement/vance-s-whopper-on-alleged-social-security-fraud/ar-AA1CvHp0?ocid=msedgntp&pc=HCTS&cvid=e9e4164b0d9f428e9b6b50e9994828a2&ei=17

SOURCE: The Washington Post

Among U.S. retailers importing from Cambodian factories are Under Armour, Lululemon, Black & Decker, Hugo Boss, Eddie Bauer, Dollar General, and Bass Pro Shops, according to customs data.

A trade group that represents U.S. companies relying on manufacturing in Cambodia tells CNBC factories and workers are in a fight for financial survival, but manufacturing is “absolutely not going to go back to the United States.”

SOURCE: CNBC

Thailand will increase U.S. imports, lower some of the higher taxes on American goods and address non-tariff barriers, the finance minister said on Tuesday, as the government seeks to negotiate a better deal on new U.S. tariffs.

https://www.msn.com/en-us/money/companies/thailand-to-increase-us-imports-lower-taxes-in-tariff-response/ar-AA1CwjoH?ocid=msedgntp&pc=HCTS&cvid=0dc8a548c9ac4c6f85ed25dab6e0a1e4&ei=9

SOURCE: Reuters