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By Chris Isidore, CNN

(CNN) — Artificial intelligence could widen the problem of income inequality, said BlackRock CEO Larry Fink in his annual letter to shareholders.

And, while that might not be a particularly new point of view, his proposed solutions are not as typical. In his letter, released Monday, he said he believes that more participation in stock markets and a revamped Social Security program could be the answer to closing that wealth gap.

“When we talk about the economic disruption of AI, most of the conversation is about jobs,” said Fink, whose asset management firm handles more than $14 trillion of clients’ money, in the letter. “That’s an enormously important question, and one that goes beyond economics. Work provides income, purpose, and dignity.”

But he said that even if AI does reduce demand for some jobs, especially for entry-level white collar jobs, there are opportunities in the labor market.

“In the near term, there are roles we know are in clear demand, and pay well: skilled trades, especially the ones building the physical infrastructure of AI, like data centers, power systems, and electrical grids,” he said.

He said there needs to be more than just greater training opportunities in skills like electricians, plumbing and construction trades.

“For decades, many societies have equated success with a university degree and a white-collar path. As technology reshapes parts of that landscape, we need a broader conversation about opportunity, dignity, and the value of different kinds of work,” he said.

Earlier this month, BlackRock announced a $100 million initiative to expand skilled trades development over the next five years.

In his letter, Fink said Jensen Huang, CEO of AI chipmaker Nvidia, told him, “Everybody should be able to make a great living. You don’t need a PhD in computer science to do so.”

Need for broader investment

Fink also said that with the disruption to society and the economy caused by AI, it’s more critical that a greater share of the population has access to investments in stocks to avoid the widening wealth gap.

“The vast majority of wealth has flowed to people who owned assets, not to people who earned most of their money by working,” he wrote.

“People often want to invest in their own country’s financial markets, but don’t have the means,” he added. Therefore, it’s important to have broader investment opportunities for workers, he argued.

“History suggests that transformative technologies create enormous value—and much of that value accrues to the companies that build and deploy them, and to the investors who own them,” he wrote.

“There’s a real risk artificial intelligence could widen wealth inequality if ownership does not broaden alongside it.”

Among the ideas he endorsed is a proposal for a diversified government retirement investment fund parallel to the existing Social Security trust fund, not replacing it, with an initial investment of roughly $1.5 trillion.

“This would not mean privatizing Social Security or putting it all into the stock market,” he wrote. “It would mean introducing a measure of diversification.”

“I understand why any talk of changing Social Security makes people uneasy,” he said. “Social S

By Brian Stelter, CNN

(CNN) — “Linda from Arizona,” a caller on a conservative talk radio show, might deserve the credit or blame for the Immigration and Customs Enforcement agents deploying to airports across the United States today.

The caller said on “The Clay Travis and Buck Sexton Show,” “I think I have a solution to the TSA problem.” She said, “We need to bring in ICE agents.”

“It’s kind of a brilliant idea,” co-host Clay Travis said.

That exchange aired on the radio on Friday afternoon. President Trump announced his vision for ICE agents at airports on Saturday afternoon.

What happened in between? Travis appeared on one of Trump’s favorite Fox News shows and personally pitched the idea.

The White House hasn’t commented on whether Trump did, in fact, hear the TV segment and act accordingly. But Trump has a decade-long track record of watching Fox and posting his reactions on social media.

“The Clay Travis and Buck Sexton Show,” which airs on local stations across the country, certainly sees a connection.

On Saturday, the show’s Facebook page touted its influence: “On Friday, a caller named Linda proposed a brilliant idea. Friday night, Clay talked about it on Fox. Today, President Trump took the advice! Way to go, Linda.”

The radio conversation was prompted by a congressional standoff over funding for the Department of Homeland Security. The stalemate — due in part to Democratic demands to change Trump’s immigration enforcement practices — has led to a five-week partial shutdown of the Department of Homeland Security.

Long lines at some TSA security checkpoints are one of the knock-on effects, which led to Friday’s conversation with Travis on the radio.

Radio show callers are often identified by their first name and state, so there is no apparent way to reach “Linda in Arizona” for comment.

But she called in with a hopeful tone, believing her idea could ease some of the long lines at major airports.

“What we need to do is we need to supplement where we’re missing out on TSA agents,” by bringing in ICE, she said.

Travis — who has interviewed Trump in the past and is well aware of the president’s Fox fixation — invoked both Linda and Trump during a Friday evening appearance on “Jesse Watters Primetime.”

“What if President Trump announced that ICE agents were now going to be supplementing TSA agents inside all of the airports?”

Watters’ guest host, Charlie Hurt, looked intrigued by the idea.

Prominent pro-Trump social media accounts amplified the segment and cheered the idea of deploying ICE on Saturday morning.

When Trump posted about the deployment idea on Saturday afternoon, a fan wrote to Travis, “I first heard the idea from a caller on ur show. Brilliant.” Travis replied, “Me too!”

CNN searched TV transcript databases and found no other mentions of the idea on major networks until Travis brought it up.

Trump’s Truth Social post seemed to catch his own administration off guard. Officials offered conflicting statements about what functions ICE agents would actually perform at airports.

On Sunday, Hurt was back on Fox, in his usual role as weekend-morning co-host, and he interviewed a TSA worker and local union leader. Hurt asked, “What is it that ICE agents can do on the ground that would be helpful to your members?”

Not much, the Dallas-based agent, Johnny Jones, said. He sounded apprehensive about the hastily assembled plan.

“It takes about five to six months to become a certified officer,” he said, so “I couldn’t imagine what functions they’re going to do other than just kind of stand outside the checkpoint or maybe sit on the exit lane.”

Jones warned that the ICE agents could wind up being a “distraction,” a

By Katie Hunt, CNN

(CNN) — The tragic tale of Harold, the king who lost England to William the Conqueror in an infamous battle, still looms large in British popular culture. But that story may need a reset, according to new research.

The Battle of Hastings in 1066 ended the short rule of Harold, the last Anglo-Saxon king, and ushered in William, Duke of Normandy, as England’s leader, forever changing the country, as the well-worn story is told on TV, podcasts and in classrooms. New analysis of manuscripts, however, casts the nature of Harold’s devastating defeat in a fresh light.

The arduous 200-mile (322-kilometer) march that King Harold and his men made before facing off with William, which supposedly left his troops depleted and ill-prepared to fight, never actually happened, says Tom Licence, a professor of medieval history and literature at the University of East Anglia in the United Kingdom. Instead, Licence argues, the troops made that journey southward by ship.

“1066 is still one of the few dates that virtually everyone knows,” said Rory Naismith, a professor of early medieval English history at the University of Cambridge in the United Kingdom who wasn’t involved in the research. “It is a watershed in English history, when one political regime was defeated and very soon replaced by another, with huge consequences for the cultural and institutional identity of the kingdom. The developments of 1066 are therefore crucial to understanding everything that came after.”

Reexamining the record

The idea that Harold’s men covered nearly 200 miles in 10 days after a hard-won battle at Stamford Bridge, near York, against Viking leader Harald Hardrada, another rival for the throne, had long struck Licence and other historians as improbable, given the distances involved.

The story of the dramatic overland march was largely a Victorian interpretation that had stuck, Licence said. Its origins stem from a misunderstood reference to Harold’s fleet being sent home in the Anglo Saxon Chronicle, an account of key events written in old English by clergy of the time. In the earlier interpretation, “sent home” was assumed to mean disbanded, with ships sent home to their port of origin. While reviewing the chronicle Licence found repeated reference to home, meaning London, where King Harold was based.

“It dawned on me that when he says, ‘The fleet came home,’ he doesn’t mean the fleet was sent to its various ports. The fleet was sent to its home, London,” he said, referring to one of the authors of the chronicles

To recap: Harold first sailed his fleet northward, Licence said, where he successfully battled the Viking leader Harald Hardrada and his Norwegian force on September 26, 1066. He then returned with it to London. “Rather than exhausting his men on that march south, which of course has been blamed for the English defeat, he had the chance to rest them,” Licence added.

Then, Harold and some of his men traveled overland south toward Hastings to confront the Duke of Normandy. Meanwhile, Licence argued, Harold also sent ships to Hastings to attempt a pincer movement to trap William from the south, but the fleet arrived too late to change the course of the devastating battle that took place on October 14.

Naismith said he agreed with the new interpretation. “The English had a large seagoing fleet of ships, and there is plentiful evidence for sailing up and down the east coast in the era of the Norman Conquest,” he said. “A larger role for these ships in the events of 1066 makes a lot of sense and demonstrates Harold’s ability to use the resources available to him.”

The English army’s march southward has always been part of Harold’s romantic identity, said Duncan Wright, a senior lecturer in medieval archaeology at the Newcastle University in England. Harold is known as the l

Por David Goldman, Chris Isidore y John Towfighi, CNN

Las acciones se dispararon y los precios del petróleo cayeron después de que el presidente Donald Trump declarara el lunes que Estados Unidos pospondría nuevos ataques contra la infraestructura energética de Irán, a la espera del resultado de las negociaciones con Teherán.

El Dow Jones subió 782 puntos, o un 1,72 %. El S&P 500 ascendió un 1,5 % y el Nasdaq ganó un 1,68 %. El viernes, el Nasdaq había cerrado al borde de una corrección —una caída del 10 % respecto a un máximo reciente—.

Los precios del petróleo cayeron: el crudo Brent bajó un 8,9 % hasta los US$ 102 por barril, tras haber caído brevemente hasta los US$ 96 por barril. El crudo estadounidense cayó un 8 % hasta los US$ 90,35 por barril.

En una publicación en redes sociales, Trump afirmó que las conversaciones tendrían lugar a lo largo de la semana. Sin embargo, no está claro si el estrecho de Ormuz sería seguro para transitarlo. Esta crucial vía marítima, por la que circula el 20 % del suministro mundial de petróleo, ha sido cerrada de hecho por Irán.

Los futuros de las acciones repuntaron y el petróleo cayó considerablemente inmediatamente después del mensaje de Trump a primera hora del lunes. No obstante, los mercados moderaron parte de su entusiasmo inicial después de que las Fuerzas de Defensa de Israel declararan que continuaban los ataques sobre Teherán, y ante la incertidumbre de si Irán coincidía con la versión de los hechos presentada por Trump.

“El lunes, el mercado amaneció con noticias potencialmente positivas provenientes de Medio Oriente”, señaló en una nota Chris Larkin, director general de comercio e inversiones de E-Trade de Morgan Stanley.

“Sin embargo, para que cualquier repunte de alivio continúe probablemente se requerirán acciones tangibles en el frente geopolítico”, añadió Larkin. “Seguimos inmersos en un mercado impulsado por los titulares de las noticias y, dado el escaso calendario de noticias económicas para esta semana, la atención seguirá centrada en los precios del petróleo y en la política”. Las acciones en Europa subieron, revirtiendo las pérdidas iniciales: el índice de referencia Stoxx 600 avanzó un 1,4 % y el índice DAX de Alemania se disparó un 2 %.

Los futuros del diésel y la gasolina en EE.UU. cayeron el lunes, a la par de los precios del petróleo. Los futuros del diésel bajaron un 5,7 % y los de la gasolina cayeron un 6,8 %. No obstante, los futuros acumulan aún un alza del 88 % y el 78 % en lo que va del año, respectivamente.

A pesar de los descensos en los precios del petróleo registrados el lunes, los precios del crudo se mantienen aproximadamente un tercio por encima de los niveles previos a que Estados Unidos e Israel atacaran a Irán el 28 de febrero.

Los precios mundiales del petróleo se han disparado desde el inicio de la guerra en Irán debido a la escasez de buques petroleros capaces de salir del estrecho. Trump había amenazado con “aniquilar” las centrales eléctricas de Irán a menos que este detuviera los ataques contra el transporte marítimo y permitiera la apertura del estrecho para el día de hoy.

Los estadounidenses han pagado el precio de los combates en forma de precios más altos en los combustibles. Los precios de la gasolina en EE.UU. subieron por vigésimo tercer día consecutivo el lunes, alcanzando los US$ 3,96 según el último registro de la AAA, el precio más alto desde agosto de 2022.

El precio promedio ha subido ahora US$ 1,02 —o un 34 %— en el último mes. Este aumento mensual es superior al registrado tras el huracán Katrina en 2005 y también al que siguió a la invasión rusa de Ucrania en 2022. Este último repunte llevó finalmente los precios a un máximo histórico de US$ 5,02 por galón.

Si bien Estados Unidos —el mayor productor de petróleo del mundo— obtiene una cantidad relativamente pequeña de crudo de Medio Oriente, los preci