Median Net Worth Hits $215,900 in the Fed’s New Survey

Median Net Worth Hits 5,900 in the Fed’s New Survey

The Federal Reserve’s latest consumer finance survey, released October 9, puts median family net worth at $215,900. That is a 2% rise from 2022 after adjusting for inflation. First fielded in 1989, the study repeats on a three-year cycle. If you are building a company, this is the closest thing to a national financial report…

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AI Brand Design Gets Smarter With Magnific One Brand Kits

AI Brand Design Gets Smarter With Magnific One Brand Kits

Magnific launched Magnific One, an image model built for brand workflows, and the Málaga-based company says it adds an art-direction layer before any picture is generated. Reports of the launch appeared on October 8 and 9. It is open to paying subscribers across web, desktop and mobile apps. If you market a small company, you…

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AI Decision Making Gets Cheap: Microsoft’s New Scoring Model

AI Decision Making Gets Cheap: Microsoft’s New Scoring Model

Microsoft released Microsoft-Decision-1, a small model built to score choices rather than write text, and it is available now in Microsoft Foundry. OpenRouter access is also part of the rollout. The post introducing it is dated October 9. Here is the founder angle. Many of the small calls inside your business, like routing a ticket…

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Small Business Cybersecurity Lessons From Japan’s Hacking Wave

Small Business Cybersecurity Lessons From Japan’s Hacking Wave

Japan is racing to improve its cybersecurity after over 20 large firms reported intrusions in recent weeks, according to a report on October 9 that cited the Financial Times. The companies said customer data may have been exposed on a very large scale, and one leak included a store of photographed driver’s licenses. Running a…

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Katie Zacharia visibly ‘nervous’ in first White House press briefing as she pulls plug after just 14 minutes

Katie Zacharia visibly ‘nervous’ in first White House press briefing as she pulls plug after just 14 minutes

WASHINGTON — New White House press secretary Katie Zacharia stumbled out of the gate during her first press briefing, calling a halt to proceedings after just 14 minutes and taking questions from three reporters. Eight minutes of Zacharia’s introduction to a national audience was taken up by a monologue touting President Trump’s accomplishments before she…

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