New York City Mayor Zohran Mamdani had what he called a "productive" meeting with President Trump on Thursday, charming the president with a mocked-up tabloid newspaper featuring his likeness.
Why it matters: Mamdani and Trump have developed an unexpected, made-for-TV relationship despite their vast political differences.
State Farm, the nation's largest auto insurer, has lowered insurance rates and is issuing an average dividend of $100 per vehicle to policyholders.
Why it matters: Insurance rates skyrocketed during the pandemic, when vehicle prices spiked, but prices have since cooled off amid falling repair costs.
The K-shaped economy — wealthy Americans propping up consumer spending while poorer consumers increasingly pull back — has become the economic consensus.
One big problem: Some economists warn that the narrative has outrun the data supporting it.
Why it matters: AI is increasingly likely to upend how every American lives and works (or doesn't work), yet Washington, D.C. is mostly ignoring the long-term implications.
Victory Capital on Thursday offered to buy London-based asset manager Janus Henderson Group for around $8.5 billion, topping a $7.4 billion bid last December from Trian Fund Management and General Catalyst.
Why it matters: This could scuttle the latest expansion plans for General Catalyst, which has evolved from a pure-play VC shop into a diversified financial firm with IPO ambitions.
The New York, Boston and Portland, Oregon, metros have the country's safest roadways, per StreetLight Data's new "U.S. Safe Streets Index."
That's based on five key factors among the 100 biggest U.S. metros: vehicle miles traveled, different speeds between vehicles, speed-based pedestrian risk, speeding in residential zones, and truck activity.
The big picture: "Larger metros tend to perform better overall for roadway safety, despite popular misconceptions that big cities are more dangerous," said the transportation analytics firm.
World Economic Forum leader Børge Brende announced his resignation Thursday, the latest casualty of the Epstein files fallout rocking business, politics and academia.
The big picture: The files have captured some of the world's most powerful people in a far-reaching shadow of shame, effectively ending the careers of captains of industry, academic big shots and prominent politicians. And the dominoes keep falling.
