Business

Tax Overhaul Reshapes Charitable Giving as 2026 Rules Take Hold
Washington has rewritten parts of the tax code that touch charitable contributions. The changes, embedded in the One Big Beautiful Bill Act signed last summer, take full effe...
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AI Lifts Worker Output, Yet Firms Struggle to Claim the Gains
Workers using AI tools report clear productivity lifts. A large survey of Claude users puts the average self-reported gain at 5.1 on a 1-7 scale. That maps to substantially m...
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Main Street’s Quiet AI Wins: Time Savings, Not Overhauls
Small businesses keep adopting artificial intelligence tools at a steady clip. The payoff shows up in hours saved on emails, schedules, and reports rather than wholesale oper...
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Big Tech’s Procurement Playbook Spreads as AI and Trade Volatility Force Finance Teams to Secure Supply Ahead of Price
Big Tech firms are changing how they buy. They lock in long-term capacity for AI chips and infrastructure rather than chasing the lowest bid. Micron executives described thre...
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Kraft Heinz Centralizes Procurement Under Aydin to Tighten Global Operations
Kraft Heinz is folding procurement and supply chain into one unit. The move takes effect July 1 under Janelle Aydin as global chief procurement and supply chain officer....
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Ace Hardware Arms Associates with Hey ARMA AI to Deliver Faster Answers on the Floor
Ace Hardware has rolled out an AI assistant called Hey ARMA to its store associates. The tool sits inside the retailer’s existing handheld platform and gives frontline staff...
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At HITEC, Hoteliers Confront AI’s Double Edge: Distribution Power Erodes, Guest Focus Returns
SAN ANTONIO — Artificial intelligence has sat in the wings of hotel strategy talks for years. At this week's HITEC conference, operators confronted its arrival in force....
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Travelers Welcome AI for Trip Ideas, Yet Insist on Final Say in Bookings
Nearly nine in ten travelers show openness to AI tools for planning and discovery. An Accenture survey of almost 3,000 consumers found that figure holds even as comfort level...
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Tricolor Collapse: Ex-COO’s Guilty Plea Exposes Years of Collateral Fraud, Leaves Founder Facing Expanded Charges
The former chief operating officer at Tricolor Holdings entered guilty pleas on June 24 to six counts of fraud and conspiracy. David Goodgame, 49, admitted before U.S. Distri...
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Lucid’s Cost-Cutting Push Tests Luxury EV Ambitions Amid Slowing Demand
Lucid Group announced plans to slash about 18% of its U.S. workforce. The move affects full-time employees, contractors and hourly manufacturing staff. It marks the luxury el...
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Megadeals Power Tech M&A Surge Toward $4 Trillion in 2026
Global technology mergers and acquisitions are shifting sharply. Fewer transactions. Much larger ones. Deal value heads toward roughly $4 trillion this year, the strongest si...
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Onsemi Bets $7B on Edge AI With Synaptics Takeover Amid Market Skepticism
Onsemi moved to reshape its future on June 25 with a roughly $7 billion all-stock acquisition of Synaptics. The deal gives the Arizona chipmaker immediate access to edge AI p...
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SEC Floats Optional Semiannual Filings, Forcing Finance Teams to Rethink Close Cycles and Investor Ties
The Securities and Exchange Commission proposed on May 5, 2026, amendments that would let public companies elect semiannual reports on a new Form 10-S in place of the usual t...
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FASB’s 2026 Standards Tackle Environmental Credits and PIK Dividends Amid Broader Agenda
The Financial Accounting Standards Board moved forward this spring with two targeted Accounting Standards Updates that address long-standing gaps in U.S. GAAP. Update 2026-02 cr...
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Chevron-Microsoft Deal Locks In Permian Gas for 2.67-Gigawatt Texas AI Campus
Chevron Corporation signed a 20-year power purchase agreement with Microsoft to supply electricity from a co-located natural gas-fired facility in West Texas. The project, kn...
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