Business

New Zealand Bets Big on AI to Slash 14% of Government Jobs
Finance Minister Nicola Willis stood before business leaders this week and delivered a blunt diagnosis of New Zealand's public service. It was scared of artificial intelligen...
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Brenmiller Energy Taps Insider Nir Brenmiller as CEO to Drive BNRG360 Commercial Push
Shares of Brenmiller Energy jumped after the Israeli company named Nir Brenmiller its new chief executive. The move marks a clear handoff from founder Avi Brenmiller, who ste...
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Minnesota’s Bold Strike Against Prediction Markets Sparks Federal Clash
Minnesota just became the first state to outlaw prediction markets outright. Gov. Tim Walz signed the measure into law on May 18, making it a felony to host, operate or adver...
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UN Slashes 2026 Global Growth Outlook to 2.5% as Middle East Conflict Fuels Inflation and Uncertainty
The United Nations delivered a sobering update this week. Global economic growth for 2026 now stands projected at 2.5 percent. That's down from an earlier forecast and a shar...
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Bolt CEO Axes Entire HR Department to Slash Costs and Bureaucracy
Bolt CEO Ryan Breslow recently made the decision to eliminate the company's entire human resources department as part of a broader effort to streamline operations at the fintech...
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High Earners Who Aren’t Wealthy: Why Six Figures No Longer Guarantees Financial Freedom
High income dazzles. It funds luxury cars, private schools and vacations that fill social feeds. Yet many pulling in $250,000, even $500,000 a year, possess surprisingly litt...
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Trump Administration Drops Bank Citizenship Data Collection Proposal
The Trump administration has stepped back from a proposal that would have required banks to gather citizenship and immigration status data from customers, according to a report...
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AI Job Losses Accelerate as Banks and Tech Cite Technology Over Workers
Bill Winters didn’t mince words. The CEO of Standard Chartered told an audience that his bank would replace thousands of employees with artificial intelligence investments. "...
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Meta’s Brutal AI Reckoning: 8,000 Layoffs Hit as Zuckerberg Bets Billions on Machines
Mark Zuckerberg once told his staff that 2026 would mark the year artificial intelligence began to dramatically reshape work at Meta. That prediction lands with force this we...
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TTEC’s 401(k) Match Pause Signals Wider Corporate Shift to AI Over Retirement Security
TTEC once matched up to 3% of worker pay in its 401(k) plan. No longer. The $2 billion customer experience technology firm told its roughly 16,000 U.S. employees in late Apri...
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Meta’s AI Overhaul: 7,000 Workers Shifted, 8,000 Jobs Axed as Spending Hits $135 Billion
Mark Zuckerberg has placed a massive bet on artificial intelligence. The wager now carries a price tag that hits employees hard.Meta Platforms will lay off about 8,000...
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Social Security’s Clock Speeds Up: Insolvency Nears as Lawmakers Run Out of Time
The Old-Age and Survivors Insurance trust fund stands just six years from depletion. Updated projections show it running dry by 2032. After that, incoming payroll taxes would...
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Salesforce CEO Turns Slack Into a Real-Time Grievance Detector
Marc Benioff knows what his employees are upset about. He asks Slackbot. The Salesforce chief executive made the admission casually on a recent "All-In" podcast. His t...
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Goldman Sachs Maps $7.6 Trillion AI Buildout: Billions Pour In, Yet Growth Gains Stay Elusive
Trillions of dollars now flow toward artificial intelligence infrastructure. Goldman Sachs Research lays out the numbers in stark terms. Its baseline projection calls for $76...
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Lululemon’s Bitter Proxy Clash: Founder Chip Wilson Demands Creative Rebirth as Board Dismisses His Views as Outdated
Chip Wilson built Lululemon into a cultural force. Now the billionaire founder owns about 10 percent of the company he left more than a decade ago. He wants back in. Not as C...
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