PERTH, Australia — Loved ones of Steven Mattaboni gathered on a beach near Rottnest Island on May 22, 2026, to pay tribute to the 38-year-old father of two who was killed in a shark attack while spearfishing the previous Saturday.

Mattaboni was bitten on the legs by a four-meter great white shark. He died from his injuries.

His best friend of more than 30 years, Liam Thomas, spoke publicly for the first time since the death. “Steve had two great loves: his first great love was the ocean and he was a really talented fisherman, and his greatest love was his family,” Thomas said. “He was just so proud of his two beautiful daughters.”

Thomas described Mattaboni’s character during the beach tribute. “Steve truly was the type of person that would give the shirt off his back,” he said. “He was charismatic, loyal, funny, hardworking and had so many wonderful qualities that just made him so loved by so many people.”

Family and friends stood together on the sand at one of Mattaboni’s favorite beaches. They remembered him as a proud father who worked hard for his daughters and encouraged them to enjoy the ocean.

“Steve would absolutely want us to continue enjoying the ocean the way that he did, but also encouraging his beautiful girls to enjoy the water like he did as well,” Thomas said.

Mattaboni’s loved ones emphasized remembering his life rather than the manner of his death. “It’s important not to remember his life by how it was taken, rather by how it was lived,” they stated.

Donations to support Mattaboni’s family have exceeded $376,000.

The shark attack occurred while Mattaboni was spearfishing off Rottnest Island, a popular tourist destination near Perth. His wife and two young daughters were described as his lifeline.

Thomas noted the family’s heartbreak. “Those closest to him stood side by side today as they opened up about the heartache and grief that comes in waves.”

Mattaboni was remembered through photos and stories shared by those who knew him. Friends highlighted his passion for fishing and his dedication to family.

The incident has prompted renewed discussion about shark safety in Western Australian waters. Rottnest Island is known for its marine life and is a common spot for fishing and water activities.

Western Australia has implemented various shark mitigation measures in recent years, including drum lines, surveillance and public alerts. Authorities have not released specific details about the circumstances of the attack beyond the initial reports.

Mattaboni’s death marks a tragic loss for the local community. Tributes have poured in from friends, family and members of the fishing community who knew him.

Liam Thomas recalled decades of friendship. “Moments turned into memories: priceless pictures capturing the life of Steven Mattaboni,” he said while sharing stories at the beach gathering.

The family has requested privacy as they grieve. No funeral details have been publicly announced.

Mattaboni’s connection to the ocean was lifelong. He was known among peers as a skilled fisherman who respected the sea while enjoying its challenges.

Community members have organized support for his wife and daughters. The significant donation total reflects the high regard in which Mattaboni was held.

Rottnest Island authorities have not issued new restrictions following the incident, but beachgoers are urged to remain vigilant and follow safety guidelines.

Western Australia’s shark bite incidents, while rare, receive significant attention due to the state’s extensive coastline and popularity with water sports enthusiasts.

Mattaboni’s friends stressed continuing his legacy of enjoying the ocean responsibly. “That place will always hold a special place in our hearts moving forward,” Thomas said regarding Rottnest Island.

The tribute gathering featured moments of reflection as loved ones shared memories on the beach. Photos of Mattaboni with his family and during fishing trips were displayed.

His daughters were described as central to his world. Everything he did was for them, according to those closest to him.

The Western Australian government has expressed condolences to the family. No official statement on changes to shark management policies has been made in direct response to this incident.

Mattaboni’s passing has been felt across the fishing and boating communities. Colleagues remembered him as hardworking and generous.

The beach tribute served as a public farewell while allowing private grieving for the family. Participants emphasized celebrating his life and the joy he brought to others.

Donations continue to support Mattaboni’s wife and daughters. The funds will assist with immediate needs and long-term family support.

Rottnest Island remains open to visitors with standard safety advisories in place. The island is a popular day-trip destination from Perth, known for its wildlife, beaches and historical sites.

Mattaboni’s love for the ocean was a defining part of his identity. Friends said he would want others to continue enjoying it safely.

The incident has prompted some families to discuss water safety with children. Authorities recommend swimming at patrolled beaches and heeding shark alerts.

As the community processes the loss, tributes highlight Mattaboni’s positive impact. “He was just so loved by so many,” Thomas said.

No further details about the shark encounter have been released by authorities. Investigations into such incidents typically examine environmental factors and human activity patterns.

Mattaboni’s family has not made additional public statements. Support from the broader community continues through donations and messages of condolence.

The story has drawn national attention in Australia, where shark attacks, though uncommon, generate significant media coverage and public discussion.

Western Australia’s coastline sees regular shark sightings. The state maintains one of the country’s most comprehensive shark monitoring programs.

Mattaboni’s friends plan to honor his memory through future gatherings at his favorite fishing spots. They intend to teach his daughters about the ocean in ways that reflect his passion.

The tribute on May 22 brought together dozens of people who shared stories and offered support to the grieving family.

As recovery efforts for the family continue, the focus remains on celebrating Steven Mattaboni’s life and the love he shared with those around him.

VANCOUVER, British Columbia – As the AI revolution continues to rapidly expand throughout the corporate world, many employees are facing “automation anxiety” that their job may be replaced by technology. 

Speaking on Centre Stage at Web Summit Vancouver, Kyle Hanslovan said, “I think many will be pressured in the next five years, where their job can be automated.”

Just this week, Meta began laying off another 8,000 employees, roughly 10% of its workforce, while TurboTax maker Intuit said it was cutting 17% of its global staff – about 3,000 jobs – as it accelerates its AI integration. In a company-wide memo announcing the cuts, Meta CEO Mark Zuckerberg told employees, “success isn’t guaranteed” in the AI era, though he said he doesn’t plan another round of layoffs this year.

META SHIFTS 7,000 WORKERS INTO AI ROLES AS LAYOFFS, MANAGER CUTS LOOM

Meta CEO Mark Zuckerberg told employees, “success isn’t guaranteed” in the AI era. (Will Oliver/EPA/Bloomberg/Getty Images)

Through April 2026, more than 85,000 technology sector jobs have been eliminated, a 33% increase from the same period last year, according to placement firm Challenger, Gray & Christmas. Still, despite more than 300,000 total layoffs across all industries year-to-date, that figure is roughly half of last year’s reductions – a number skewed by the mass federal government layoffs announced in the first months of the second Trump administration.

“Inevitably there will be some disruption. We can’t pretend that there won’t be,” said Sim Desai, CEO of pre-IPO marketplace Hiive Capital, speaking on the same panel. But, he added, “in the short term, there’s a lot of job creation, because a lot of people are investing in adopting AI tools.”

That cautiously optimistic view was echoed by Amazon founder Jeff Bezos, who recently told CNBC, “I think there will be a labor shortage because of AI… it’s going to elevate all of these people. We’re going to have so much productivity.”

EXPERT SAYS MASSIVE AI INVESTMENT IS ‘LAYING THE GROUNDWORK’ FOR AMERICA’S FUTURE

Many employees are facing “automation anxiety” that their job may be replaced by technology. (iStock)

The average American is less sanguine. A recent Stanford University study found nearly two-thirds of Americans (64%) expect AI to lead to fewer jobs in the next 20 years. That anxiety was on full display in the now-viral video of former Google CEO Eric Schmidt’s commencement address at the University of Arizona, where he was met with loud boos after telling graduates that AI’s technological transformation would be “larger, faster and more consequential than what came before.”

New graduate hires may be the most vulnerable. Anthropic co-founder and CEO Dario Amodei has predicted that AI could wipe out as much as half of all entry-level white-collar jobs over the next one to five years. The unemployment rate for recent college graduates has already climbed to 5.6%, well above the 35-year average of 4.5%, according to the New York Federal Reserve.

US ECONOMY ADDED 115,000 JOBS IN APRIL, BEATING EXPECTATIONS

Despite the negative sentiment, companies are still hiring.

“I am definitely hiring, even now more than I was before,” Hanslovan said, noting that Huntress continues to add software engineers, detection engineers, product managers and sales leaders.

Some companies, however, are still hiring new employees. (iStock)

Steven Schwartz, co-founder and CEO of $1.6 billion creator marketplace Whop, said, “the future of work is in question in the era of AI,” but added that he is not “bearish that AI will take everyone’s job.” He expects he’ll “have a bigger team in two years than today.”

In spite of the percolating worker anxiety, the U.S. economy has added 304,000 jobs so far in 2026, according to the establishment survey measure of the Labor Department’s monthly employment report. The jobless rate is still sitting at a historically low 4.3%.

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That backdrop appeared to factor into President Donald Trump’s decision Thursday afternoon to postpone the signing of a planned AI executive order – one focused on having the federal government pre-vet frontier AI models for cybersecurity risks. Trump told reporters in the Oval Office that he pulled the order at the last minute because he was worried it could “be a blocker” to U.S. competitiveness in a global AI race that America still leads.

The profit fell despite 47% revenue growth by the state-run company to Rs 913 crore in Q4FY26 versus Rs 622 crore posted by the company in the corresponding quarter of the previous financial year.

The contraction in the company’s profits in the quarter under review could be attributed to a sharp 60% rise in expenses which stood at Rs 713 crore in Q4FY26 versus Rs 445 crore in the corresponding quarter of the last financial year. The expenses grew 16% on a sequential basis versus Rs 616 crore in Q3FY26. The expenses were made under the heads like employee benefits expense, finance cost, depreciation and amortization, among other things.

The PAT surged multi-fold, rising 11X sequentially from Rs 17 crore posted in the October-December quarter of FY26 while the topline grew 40% quarter-on-quarter compared to Rs 622 crore in Q3FY26.

The profit before tax (PAT) stood at Rs 247 crore in Q4FY26, up from Rs 37 crore in Q3FY26 and down from Rs 307 crore in Q4FY25. The net profit margin in Q4FY26 stood at 21.60% versus 2.65% in Q3FY26 and 37.48% in Q4FY25 while the operating margin stood at 55.30%, 40.83% and 77.75%, respectively in the same periods.

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JPMorgan Chase Chairman and CEO Jamie Dimon put New York City’s new progressive mayor, Zohran Mamdani, on notice, telling the self-described ideologue that city governance is about lower crime and economic survival, not empty “morality” slogans.

Following a high-stakes face-to-face meeting, the Wall Street titan openly criticized far-left tax talking points like “fair share” and warned that treating wealth creators as political punching bags is actively destroying the city’s talent pool.

“Every city has to compete. And they have to compete at every level – arts, science, schools, that is what it is. I’m not inventing that, he can be an ideologue, he has to compete, too,” Dimon said Thursday in a Bloomberg TV interview.

“And we’ll see: will he learn that he’s got to make this city a place where people want to grow and build and live and have families and work?” he continued. “And he’s gotta compete with Shanghai and Hong Kong and Singapore and Nashville, and people vote with their feet. So it isn’t this morality thing that people talk about. It’s like, are you building a great city with lower crime and stuff like that?”

MAMDANI’S WALL STREET COURTSHIP SPARKS CRITICISM OF ANTI-BILLIONAIRE AGENDA

On Monday, Dimon and Mamdani met in person at the bank’s new headquarters in Manhattan, as the democratic socialist mayor intensifies outreach to Wall Street leaders following backlash over proposals to raise taxes on wealthy New Yorkers.

After meeting in-person on Monday, JPMorgan Chase CEO Jamie Dimon shared some words of wisdom for New York City Mayor Zohran Mamdani. (Getty Images)

The meeting was “constructive and the tone was friendly,” a JPMorgan spokesperson told Reuters. According to City Hall, the pair discussed reducing government waste, cutting red tape tied to development projects and expanding public-private partnerships. JPMorgan said the conversation also focused on New York City’s competitiveness.

“I don’t care what he says. What does he do? I will judge that,” Dimon said. “And so what actually happens, because you can talk about morality and ideology all you want, but if things don’t get better, you didn’t do a good job… And so, hopefully, he’ll learn. I want him to do a good job. I’m not against him.”

The CEO also expanded on Mamdani’s controversial wealth tax proposals: “I don’t think… people making under a certain amount [should] pay taxes at all. I would agree with that, but when they say, ‘fair share,’ what do they mean? They should give a number.”

Dimon added that New York City’s existing tax landscape “already” makes the Big Apple uncompetitive, with just 26,000 JPMorgan employees based there today versus 33,000 in Texas.

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“The Dallas mayor calls up all the time saying, ‘What can I do to help you? I have land over here,’ you know, and that is pro-business and pro-people-love-living there,” he said.

“New York’s a wonderful place too, but… [people] think that somehow being anti-business is going to help a city. It’s not.”

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FOX Business’ Bradford Betz contributed to this report.

Kevin Warsh was sworn in as the new chair of the Federal Reserve by Supreme Court Justice Clarence Thomas in a ceremony at the White House on Friday.

The 56-year-old Warsh previously served at the Fed as a member of its Board of Governors from 2006 to 2011, and became the youngest-ever Fed governor having been nominated at the age of 35. Trump nominated Warsh to the role in January, and he was confirmed by the Senate last week on a 54-45 vote.

Warsh steps into the top role at the nation’s central bank at a pivotal time, with inflation rising due to an energy price shock caused by the Iran war and markets viewing the prospect of interest rate cuts as increasingly unlikely in the near term.

Kevin Warsh became the 17th chair of the Federal Reserve on Friday. (Graeme Sloan/Bloomberg via Getty Images)

He replaces former Fed Chair Jerome Powell, whose term as chairman expired earlier this month. Powell has indicated he will continue to serve as a member of the Fed Board of Governors for the foreseeable future, as his term in that capacity runs until January 2028.

Powell has said that he won’t be “shadow Fed chair” and will seek to build consensus with Warsh and the other members of the Federal Open Market Committee, which sets monetary policy, when it’s possible to do so.

Kevin Warsh is succeeding Jerome Powell as head of the Federal Reserve.  (Kevin Lamarque/Reuters)

WHO IS KEVIN WARSH, TRUMP’S PICK TO SUCCEED JEROME POWELL AS FED CHAIR?

Warsh’s nomination faced a delay in the Senate as Sen. Thom Tillis, R-N.C., held up the nomination over his concerns about the Justice Department’s investigation into Powell’s testimony about the Fed’s costly renovation project and the implications for central bank independence – as it occurred against the backdrop of Trump urging Powell to cut interest rates and threatening to fire him.

Tillis dropped his hold after U.S. Attorney for the District of Columbia Jeanine Pirro closed her office’s investigation, with the Fed’s inspector general, Michael Horowitz, taking it over. That allowed his nomination to proceed from the Senate Banking Committee to the Senate floor.

Senate Banking Committee Chairman Tim Scott, R-S.C., whose panel held Warsh’s confirmation hearing, said in a statement that the new Fed chair is a “serious, experienced leader” who will “help restore trust in the Fed, protect its independence, and keep it focused on stable prices and maximum employment.”

Warsh’s nomination was delayed by the Justice Department’s investigation into outgoing Chair Jerome Powell. (Elizabeth Frantz/Reuters)

President Trump said during the ceremony that “I want Kevin to be totally independent. I want him to be independent and just do a great job. Don’t look at me, don’t look at anybody. Just do your own thing and do a great job, okay?”

The president added that he thinks Warsh will “safeguard the Fed’s integrity” and will be a leader whom other Fed policymakers listen to and collaborate with.

“Thankfully, unlike some of his predecessors, Kevin understands that when the economy is booming, that’s a good thing. We don’t have to go crazy, just let it boom,” Trump said. “We want it to be like nobody has ever had before, because we do have some debt we’d like to take care of, and the way you do that is through growth.”

“We want to stop inflation, but we don’t want to stop greatness,” the president said. “And you know as we discussed, economic growth doesn’t mean inflation… you don’t have to stop the world because you’re doing well.”

FEDERAL RESERVE LEAVES INTEREST RATES UNCHANGED AS POWELL’S CHAIRMANSHIP NEARS END

Kevin Warsh took the oath of office from Supreme Court Justice Clarence Thomas. (Al Drago/Bloomberg via Getty Images)

After his oath of office was administered by Supreme Court Justice Clarence Thomas, Warsh said he was grateful for the opportunity to step into the role “at a time of great consequence” and that it’s the “honor of a lifetime to be called back into public service.”

Warsh said that he intends to “fill the role of chairman with energy and purpose” as former Fed Chair Alan Greenspan did, acknowledging his predecessor recently marked his 100th birthday and that he was thinking about him as someone whose example he wishes to follow.

“Our mandate at the Fed is to promote price stability and maximum employment. When we pursue those aims with wisdom and clarity, independence and resolve, inflation can be lower, growth stronger, real take-home pay higher,” Warsh said. “America can be more prosperous, and no less important, America’s place in the world more secure.”

“To fulfill this mission, I will lead a reform-oriented Federal Reserve, learning from past successes and mistakes both, escaping static frameworks and models, and upholding clear standards of integrity and performance.”

Warsh and Trump shake hands during his swearing-in ceremony at the White House. (Anna Moneymaker/Getty Images)

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“Today marks a return to an institution that I do in fact cherish. It was nearly a generation ago, at another time of great consequence, that I with some outstanding public servants at the Fed, both here in Washington and at the Reserve banks,” Warsh continued.

“My goal now is to create an environment in which the best people can do their life’s best work, and to face every challenge in the spirit of common purpose and devotion to the national interest. In a word, to excellence. These duties are now mine, Mr. President, because of the trust you have placed in me, I accept them with gratitude and will strive every day to serve our fellow citizens well,” Warsh said.