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The share of US workers who are “thriving” has fallen to a record low

The present and future appear less positive for many Americans.

Tom Jones

In January 2009, when the Great Recession had upended the everyday working lives of millions of Americans, Gallup started measuring the well-being of US employees with its Life Evaluation Index. Over 15 years later, the results look bleaker than ever.

T̶H̶R̶I̶V̶E̶ SURVIVE TILL 25

According to the latest reading, from August, the share of American workers “thriving” — those who when given a scale of 1 to 10 rate their life at a 7 or higher and their future situation at 8 or above — dropped to the lowest point on record, at just 50%. As recently as 2021, 60% said the same. 

Gallup employee wellbeing chart
Sherwood News

Other employee-wellness indicators that Gallup tracks, like the share of people who reported feeling stressed, worried, or sad for “a lot of the day” yesterday, also ticked up in August, though they are down from the rates seen during the pandemic.

Despite the current Life Evaluation Index reading showing that American employees are feeling more positive on average than workers around the world, just 34% of whom slipped into the “thriving” category in 2023, inflation and plenty of issues besides are clearly weighing heavy on the US populace.

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Report: OpenAI won’t pay a dime in cash for its 3-year licensing deal for Disney IP

More financial details behind the landmark deal that will grant OpenAI three years of access to Disney intellectual property are coming out, and they’re pretty surprising.

The deal will reportedly see OpenAI pay zero dollars in licensing fees, instead compensating Disney in stock warrants. It was previously reported that Disney would invest $1 billion into OpenAI as part of the agreement.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

business

Ford says it will take $19.5 billion in charges in a massive EV write-down

The EV business has marked a long stretch of losing for Ford, and today the automaker announced it will take $19.5 billion in charges tied, for the most part, to its EV division.

Ford said it’s launching a battery energy storage business, leveraging battery plants in Kentucky and Michigan to “provide solutions for energy infrastructure and growing data center demand.”

According to Ford, the changes will drive Ford’s electrified division to profitability by 2029. The company will stop making its electric F-150, the Lightning, and instead shift to an “extended-range electric vehicle” that includes a gas-powered generator.

The Detroit automaker also raised its adjusted earnings before interest and taxes outlook to “about $7 billion” from a range of $6 billion to $6.5 billion.

Ford’s write-down is one of the largest taken by a company as legacy automakers scale back on EVs, giving EV-only automakers a market share boost.

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