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The trajectory of our national economy is a central concern of every American. Our living costs rise as would-be hegemons battle over neocolonial control through tariff policies. And while social media creativity holds our attention, some part of us recalls older ways of storytelling, and we wonder, where do we belong? Most of us, even newcomers to this countryespecially newcomerswere taught from an early age that anyone who works hard will eventually thrive. But we repeatedly see and know that this is merely a story told to us, not reality. The community in which you are born has a tremendous impact on your eventual life outcomes. If you are born into a poor community, you will likely remain poor. If you are born into a wealthy one, you are likely to remain wealthy. Author Isabel Wilkerson and socioeconomic researcher Raj Chetty both describe this grating reality. We want to believe in the American Dream, but our eyes see, our ears hear, and our cortisol levels reflect the stress we feel as we strive to reconcile reality with the conflicting narratives of America as a place where anyone can thrive through hard work. Instead, it is time for a new narrative. THE POWER OF NARRATIVE IN SHAPING ECONOMIC REALITY Narrative, more than facts alone, shapes perceptions about who deserves opportunity and resources. Media, pop culture, and policy discourse reinforce or challenge our status quo by elevating the stories of the bootstrapping successful entrepreneur while ignoring stories of the barriers still in place. After the murder of George Floyd, local TV and the culture turned its attention to topics of structural racism. What followed? Increased business attention on audiences, stakeholders, and customers who were concerned with undoing generations of discrimination. No one with any knowledge of history expected such attention and focus to be permanent. Like looking into the sun, we knew America would quickly avert its eyes. Yet we still hoped that this solar moment would have greater public resonance. Despite the very public backlash against all things equity, support for diversity, equity, and inclusion persists among many Americans who have experienced the richness and benefit of desegregated life. We now struggle to find the safest words and phrases to describe our internal sense of sharing humanity with otherseven those beyond recently erected walls. This unlabeled value is the seed of a new national narrative. THE RIGHT TO THRIVE At Living Cities, we believe the conversation around opportunity must shift from scarcity and survival to abundance and flourishing. When we reframe narratives to center the right of every person to truly thrive, particularly those from marginalized communities, we unlock powerful new possibilities for individuals, families, and entire cities. This positive focus moves beyond merely surviving in systems that were not designed for everyone, toward actively building systems that empower all to grow, innovate, and lead. By emphasizing narratives of thriving, we foster hope, agency, and dignity. We see entrepreneurs of color not as risky bets but as vital engines of economic growth rooted in resilience and innovation. We recognize neighborhoods historically denied capital not as liabilities, but as sites brimming with untapped potential. This new storytelling affirms that systemic barriers can and must be dismantled, and that access to resources drives shared prosperity, stronger communities, and sustainable development. Living Cities experience with cross-sector coalitions in cities has shown that using positive narratives of abundance can help community leaders see all individuals as worthy of investment. This helps strengthen community trust, catalyze authentic partnerships, and accelerate economic opportunity. Thriving is more than an aspirational goalit is a proven strategy for revitalizing cities and fundamental motivation for transforming lives. REFRAME THE CONVERSATION Living Cities supported city coalitions to use narrative change for direct results. For example, in Albuquerque and Memphis, positive use of narrative enabled loan underwriters to re-examine their assessment of risk related to Black and Latino entrepreneurs. To reframe the national conversation, organizations and companies can use these best practices in narrative and communications strategies: Cocreate stories with those affected: Community-led storytelling creates authenticity and greater impact. Blend hard data with lived experience: Combining human stories with local economic data persuades both hearts and minds. Invest in media literacy: Teaching audiences to identify and question stereotypes can reduce bias. Counter negative narratives with abundance, agency, and equity: Highlight systemic successessuch as new Black-owned businesses or increases in affordable homeownershipover deficit-based stories. INSPIRE A CULTURE OF ABUNDANCE AND EQUITY Reframing risk as a function of structural barriers, not personal failure, will give us the foundation we need for increased economic opportunity. Storytelling can shift public policy, local business investment, and economic outcomes. Anything is possible when we eliminate our outdated stereotypes and create a new foundation. Leaders, policymakers, businesses, and media must invest in narrative work as a core equity strategy, reframing the conversation to foster true abundance and agency in Americas communities. Joe Scantlebury is president and CEO of Living Cities.
Category:
E-Commerce
Ive spent much of my career in fintech, but some of the most inspiring innovations Ive seen came from a town most people have never heard of. In early 2025, Ipava State Bank, a tiny community institution in western Illinois, embedded a small amount of life protection into every eligible checking and savings account. No app to install, no portals, no extra stepscoverage was calculated from balances and capped per account. Six months in, reported results included $3.45 million in protection delivered, 7% deposit growth, 4.8% higher average balances, and a 25% increase in customers reaching maximum coverage levelsat a time when many peers were losing deposits. The program, developed in partnership with Wysh, is part of a growing wave of fintech innovation thats meeting people where they already areat their local banks and credit unions. For The National Alliance for Financial Literacy and Inclusion (NAFLI), its exactly the kind of progress we champion: Technology designed not just for scale, but for inclusion. Lets talk about why it workedand how other banks could adapt the idea without copying the setting. We worked alongside partners on this effort; here are five observations weve made about the projects design choices any institution can adopt. 1. Default-on beats opt-in. People dont lack interest in protection; they lack bandwidth. Making the benefit automatic eliminated friction and avoided the shame tax of apply if you can navigate the process. In low-adoption markets, behavioral simplicity is a strategy, not a shortcut. 2. Lead with the institutions trust, not the partners tech. The coverage showed up through the bank customers already relied on, which reframed the offer from a new product to learn to my bank is taking care of me. Community banks have a trust surplususing it thoughtfully matters more than adding another feature tile. 3. Translate the benefit to local risks. In Ipava, protection wasnt a perk; it mapped to single-income households, inherited farm debt, and small-business succession. Wherever you operate, write the value statement in the communitys language first, product language second. 4. Measure outcomes the customer can feel. Deposit growth is great; confidence is the point. Track balance stability, dormant-to-active reactivation, and share-of-wallet movements following benefit awarenesssignals that the relationships getting stronger, not just more expensive to promote. 5. Make branches the on-ramp, not the afterthought. Frontline staff need a 10-second script. For example, This account now includes a small layer of protectionautomatically and a two-minute FAQ guide. When the explanation is simple, you dont need an app demo to earn adoption. WHAT THIS CHANGES ABOUT FINANCIAL WELLNESS Most wellness programs ask people to learn more and do moredownload the app, change the habit, attend the webinar. The Ipava example flips that script: Make the institution do more so the customer doesnt have to. When protection is embedded where money already lives, inclusion stops being an aspiration and becomes the default state of the relationship. Thats the shift Wysh is helping banks unlockand the kind of design NAFLI believes can redefine what financial literacy looks like in practice. If your bank is ready to make this shift too: Dont over-engineer choice. In high-emotion categories, asking users to select multiple options underperform simple and common defaults. If possible, offer clarity, not a catalog. Dont outsource the story. Tech partners enable; the bank narrates. If customers dont hear it from you, they wont feel it from you. Dont chase app adoption as the goal. Adoption of the benefit matters more than adoption of the interface. Design to be understood in a branch foyer, not just a home screen. THE BIGGER INVITATION If community institutions want to win back deposits and relevance, they dont need shinier featuresthey need more visible care. The lesson from a small bank in western Illinois isnt that every place is Ipava. Its that trust-first, default-on design can work anywhere people still value a bank that shows up for their best daysand their worst. Maybe the bigger takeaway is simpler: innovation doesnt always look like new technology. Sometimes it looks like a familiar bank doing something timelessshowing up for people when it matters most. And thats why NAFLI is watching this movement closelybecause when fintech starts working for the people who dont download fintech, were finally getting somewhere. Edwin Endlich is the president and board chairman of The National Alliance For Financial Literacy and Inclusion.
Category:
E-Commerce
All eyes were on Nvidias quarterly earnings announcement on Wednesday, as investors looked for signs of weakness indicating that the so-called AI bubble is about to deflate. In fact, Nvidia appears to be selling graphics processing unit (GPU) chips for data centers as fast as it can make them. On the call with analysts, Nvidia reported better-than-expected revenues of $57 billion for its October-ending quarter, a 62% increase over the same quarter last year. Revenues rose by $10 billion, or 22%, from the prior quarter. Perhaps most importantly, the company projected revenues of $65 billion in the current quarter. As a result, Nvidia shares rose 5% after the earnings were announced at market close on Wednesday. That bump created an additional $205 billion of market capitalization. Theres been a lot of talk about an AI bubble, Nvidia CEO Jensen Huang said in his opening comments on Wednesday. But from our vantage point, were seeing something very different. The bubble refers to the possibility that the stock prices and valuations of artificial intelligence companies have become disconnected from their earning potential. Investors also fear that the massive investments that Big Tech and AI companies are sinking into infrastructure like data centers wont be backed up by rapid AI adoption. Let me remind you that Nvidia is unlike any other accelerator companywe address every phase of AI, Huang said. Then he set out to show Nvidias current business within the context of some broad technological transitions that he says are happening all at once. Huang explained that business software that has traditionally run on CPUs is increasingly starting to run on accelerators, specifically the GPUs that Nvidia sells. He said many traditional business tasks are being done by generative AI systems, replacing classical machine learning for things like content suggestion, ad placement, and content moderation. He also said autonomous AI (such as self-driving cars) and AI agents (such as coding assistants) mark the beginning of yet another big transition: The transition to agentic AI is giving rise to new companies, new products, and new services. Our singular architecture enables all three of these transitionsacross all industries and all phases of AI, from cloud to enterprise to robots, Huang continued. In other words, Nvidia is set to ride these big waves to big-time chip sales well into the future. Worrying about a bubble today, he seemed to suggest, may be a little short-sighted. Company CFO Colette Kress said earlier in the call that both hyperscalers like Meta and Google, and top AI labs like OpenAI and Anthropic, continue to spend big on Nvidia chips. We are preparing for aggressive growth ahead and feel optimistic about our opportunity set, she said.
Category:
E-Commerce
In planning meetings, in brainstorms, in the messy moments when decisions need to be made before all the information is in, AI is my copilot. But not in the cute robot helper way. I treat it like my sharpest strategist, fastest researcher, and most unflinching truth-teller. As the CEO of Quantious, a future-forward marketing agency that works with tech companies, my job is to stay fast, smart, and endlessly curious; not just for myself, but for my clients. Having executive-level AI by my side is how I operate at scale without sacrificing strategy or soul. Forget about the hype of AI. Lets talk about what it really takes to work smarter, experiment faster, and free up time to be a creative leadersomething that you cannot automate. 1. AI is my executive sparring partner When youre running a fast-growing company, youre constantly making judgement calls without all of the details. Most people want ChatGPT to flatter them. I want it to challenge me. I run new product ideas, positioning statements, and brand hypotheses through AI to surface the cracks I didnt see. I use it to model outcomes, debate assumptions, and yes, poke holes in the perfect plan I thought I had. Your team might be too polite to challenge you. AI wont be, if you train it well. Start every session with a persona, such as: You are my chief strategy officer. Your job is to challenge mediocrity and raise red flags. Train it over time by giving feedback: Thats too agreeable. Give me a sharper POV or This sounds like fluff. Get specific. And really push it to dig deeper instead of giving you a standard response: This idea solves the problem, but I dont think its the best solution. Push me toward something bolder or more efficient. How would someone with 10x my time/resources/experience approach it differently? You may be surprised where this back-and-forth can take you. 2. I use AI to protect my most valuable asset: Strategic attention The less time I spend on routine admin tasks, the more time I have to steer the ship. AI is my secret weapon for clearing out the clutter. I use Bluedot to record and transcribe meetingssaving me and my team hours in cleaning up and consolidating notes, and turning around recaps and next steps in minutes. And if I need a detail from the discussion, I can even query the transcript to get the info I need, and all the context around it. To start using AI for attention management, begin with one task you do often (summarizing docs, doing premeeting research, writing recap emails) and let AI take a pass. If you want to think strategically, you need space to think. AI gives it to you. 3. I never miss a market beat I don’t have time to read every analyst report or listen to every podcast (who does?!) but I need those insights. AI curates the signal from the noise. Perplexity Deep Research turns complex trend reports into briefs to share with my team, or even my clients. Waldo gives me market snapshots faster than a team of analysts. Ive also dabbled in AI-powered podcasts, which summarize the most important industry news so I can catch up while on the go. They supplement my other favorite podcasts, so Im always armed with the latest trends and biggest industry moves. 4. I baked AI into the org chart At Quantious, AI isnt a department. Its a utility, like Wi-Fi or electricity. Every team has access to tools like ChatGPT, Gemini, and Slack AI. Designers use it to explore creative variations. Ops uses it to document processes faster. Marketers draft content 10 times faster. The tech isnt the point. The enablement is. While not every team member taps into these tools on a daily basis, having them in the toolkit keeps the door wide open for experimentation. Ive said it before: AI has made remote work more productive, seamless, and well-documented. We dont just integrate AI into workflows; we integrate it into our collective intelligence. Because the point isnt to do more faster, it is meant to elevate how we operate, across the board. Remember, AI isnt the intern. Its your most strategic hire. The truth is: Your team doesnt need you to be a prompt engineer. They need you to be an AI-literate leader. AI is no longer a tool in your workflow. Its a seat at your table. Treat it like a trusted advisor, and youll make sharper decisions, faster, without sacrificing strategy or soul. Lisa Larson-Kelley is founder and CEO of Quantious.
Category:
E-Commerce
Nvidia forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on booming demand for its AI chips from cloud providers against the backdrop of widespread concerns of an artificial intelligence bubble. The results from the AI chip leader mark a defining moment for Wall Street, as global markets looked to the chip designer to determine if investing billions of dollars in AI infrastructure expansion had resulted in towering valuations that potentially outpaced fundamentals. The world’s most valuable company expects fiscal fourth-quarter sales of $65 billion, plus or minus 2%, compared with analysts’ average estimate of $61.66 billion, according to data compiled by the London Stock Exchange Group (LSEG). Shares of the AI market bellwether rose over 4% in extended trading. Ahead of the results, doubts had pushed Nvidia shares down nearly 8% in November, after a 1,200% surge in the past three years. The broader market has declined almost 3% this month. Still, analysts and investors widely expected the underlying demand for AI chips, which has powered Nvidia’s results since ChatGPT’s launch in late 2022, to remain strong. Nvidia CEO Jensen Huang said last month that the company has $500 billion in bookings for its advanced chips through 2026. Big Tech, among Nvidia’s largest customers, has doubled down on spending to expand AI data centers and snatch the most advanced, pricey chips as it commits to multibillion, multi-gigawatt build-outs. Microsoft reported a record capital expenditure of nearly $35 billion for its fiscal first quarter last month, with roughly half of it spent primarily on chips. Nvidia expects an adjusted gross margin of 75%, plus or minus 50 basis points, in the fourth quarter, compared with the market expectation of 74.5%. By Arsheeya Bajwa and Stephen Nellis, Reuters
Category:
E-Commerce
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