AI Drives Rising Job Cuts and Slows Hiring in U.S. Tech Sector
Increasing layoffs linked to AI coincide with weaker hiring, especially for junior roles, as companies adjust labor amid growing automation investments
Category
Business
Business covers markets, the economy, companies, finance, and major commercial developments shaping the United States and the global economy. Follow the latest business headlines and financial news.
Americans Continue Spending Despite Ongoing Inflation Concerns
New data reveals that consumer spending in the U.S. remains steady even as inflation worries persist
S&P 500 Nears Longest Weekly Winning Streak Since 2023
The S&P 500 is on track for its longest weekly rally since 2023, reflecting sustained investor optimism amid current market conditions
Kevin Warsh Sworn In as Federal Reserve Chair, Succeeding Jerome Powell
Kevin Warsh officially became Federal Reserve chair, emphasizing independence amid economic challenges and a divided rate-setting committee
Summer Air Travel Faces Delays, Cancellations Amid Rising Costs and Capacity Limits
Passenger volumes, flight cancellations, and ticket prices are all expected to rise this summer due to staffing shortages, weather, and higher fuel costs
Consumer Spending Remains Strong Despite Rising Financial Strains
Despite financial stress and rising gas prices, U.S. consumer spending remains resilient, driven largely by wealthier households and temporary tax refund boosts
Randstad CEO Predicts AI Will Replace 7-8% of Jobs Within a Decade
Randstad’s CEO expects AI to impact job displacement modestly over 5 to 10 years while boosting worker productivity and demanding significant infrastructure investment
2026 World Cup Betting Expected to Surpass Super Bowl Wagers
Americans are projected to bet over $3 billion on the 2026 World Cup, more than on recent Super Bowls, driven by expanded teams and…
Target Reports Strong Q1 Earnings Amid Turnaround Efforts
Target's first-quarter earnings exceeded expectations, marking its best gains in years as the retailer works to improve its business performance
Singtel Warns of Weaker Outlook as Shares Drop Despite Annual Profit Gain
Singtel’s shares fell after the company posted strong full-year profits but signaled cautious earnings for the second half and sought clarification on its M1…