Business

Why Banks’ Data Foundations May Derail the Agentic AI Surge
Financial institutions stand at the edge of a major shift. Agentic AI systems promise to plan, decide and act across complex tasks from fraud detection to portfolio adjustmen...
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Synlait Loses Third CEO in Five Years as Leadership Turmoil Deepens Financial Strain
Richard Wyeth lasted barely a year as chief executive of Synlait Milk. The New Zealand dairy processor confirmed his resignation on May 14, 2026. He will stay on until June 3...
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UK Businesses Drift Without Long-Term Plans as AI Skills Shortages Mount
More than half of UK companies operate without a regularly reviewed long-term strategy. The finding comes at a moment when artificial intelligence demands exactly that kind o...
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American Workers Too Exhausted to Even Search for New Jobs
Millions of résumés sit unfinished. LinkedIn profiles gather digital dust. For a growing share of the American workforce the pursuit of better pay or fresh opportunity has si...
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Intel’s 25,000 Job Cuts Expose a Chip Giant Fighting for Survival
Intel once stood as the undisputed king of semiconductors. No longer. The company that powered the PC revolution now finds itself shedding workers at a startling pace. More t...
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Billionaire Eric Sprott Bets 98% of $3.3 Billion Fortune on Gold and Silver
Eric Sprott doesn't flinch. Silver soared to $100 an ounce in January. Then it tumbled to $76. Gold pulled back below $5,000. The 81-year-old Canadian billionaire stayed calm...
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Cisco Slashes Nearly 4,000 Jobs as AI Orders Fuel Record Revenue
Cisco Systems is trimming its payroll. The networking giant disclosed plans to cut fewer than 4,000 positions this quarter. That amounts to less than 5 percent of its workfor...
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AI’s Electric Hunger: Data Centers Strain Grids and Spark Nuclear Revival
The numbers don't lie. Global data center electricity use hit roughly 415 terawatt-hours in 2024. Projections show it doubling to around 945 TWh by 2030. That's according to...
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Fed’s Schmid Flags Persistent Inflation as Top Threat to Resilient U.S. Economy
Kansas City Federal Reserve President Jeffrey Schmid doesn’t mince words. Inflation remains the most pressing risk to the U.S. economy. The economy has displayed remarkable r...
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Vance’s Fraud Hunters Claw Back Billions from Taxpayer Thieves in Washington’s New War on Waste
Vice President JD Vance laid bare the Trump administration's assault on federal fraud Wednesday, declaring the era of 'pay-and-chase' dead. Agencies used to hand out cash fir...
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Bank of Canada Holds Steady at 2.25% Amid Oil Shock and Trade Risks
The Bank of Canada left its key interest rate unchanged at 2.25% in late April. Officials signaled patience. Yet they issued a pointed warning. The situation could shift fast...
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Meta to Cut More Jobs in 2024 as It Trims Middle Management by 20%
Meta Platforms announced additional rounds of workforce reductions as the company continues to restructure operations following years of aggressive hiring during the pandemic er...
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Meta’s Mouse-Tracking Revolt: Employees Push Back Against AI Training That Could Replace Them
Employees at Meta have taken an unusual step. They printed flyers. They placed them in bathrooms, on vending machines, and in meeting rooms across U.S. offices. The message c...
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LinkedIn Slashes 5% of Workforce as Tech Layoffs Mount Despite Revenue Gains
LinkedIn is cutting about 5% of its staff. The Microsoft-owned professional network planned to notify employees Wednesday in what marks the latest round of job reductions swe...
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Google Eases Microsoft Switch for Small Firms With One-Click User Import
Google just made it simpler for small businesses stuck on Microsoft 365 to make the jump to Workspace. The company rolled out a beta tool on May 13, 2026, that lets very smal...
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