Business

Many new digital tools have invaded the workplace lately, and while it may be something as futuristic as flying cars or self-lacing shoes (as in Back to the Future‘s 2015 account), there are still some newfangled inventions that have been implemented. As remote work took the nation by storm during the early pandemic, digital tools like Zoom and Teams became…

Before the birth of the ChatGPT AI tool, novelist Robin Sloan tested a similar AI typing assistant developed by researchers at Google. It wasn’t long before Sloan, author of the best-selling Mr. Penumbra’s 24-Hour Bookstore” to realize that the technology was of little use to him. “A lot of the cutting-edge AI right now is impressive enough to really raise…

When PwC surveyed over 4,400 CEOs from more than 100 countries and territories, it found that nearly 75% of the world’s top executives expect growth to slow in 2023, prompting a complete shift in perception. Three out of four CEOs expressed optimism. Today’s CEOs manage the tension between short-term economic problems and the long-term mandate to change to remain competitive.…

The stock market rose on Wednesday after Federal Reserve Chair Jerome Powell said inflation was coming down and he believes the US will avoid a recession this year. “We can now say for the first time that the disinflationary process has begun,” he told reporters, adding that he expects US economic growth to be positive this year, albeit falling to…

FedEx is cutting executive and director jobs globally by more than 10%, the courier’s latest cost-cutting move, as economic concerns and dwindling e-commerce weigh on demand for parcel delivery. The company plans to consolidate some teams and functions in addition to downsizing to become a “more efficient, agile organization,” Chief Executive Officer Raj Subramaniam said in a memo to employees…

Las Vegas police on Tuesday arrested and searched the home of a former Dances With Wolves actor-turned-suspect cult leader accused of sexually assaulting young Indigenous girls over a two-decade period have, according to police records from The Associated Press. Nathan Lee Chasing His Horse, who calls himself Nathan Chasing Horse, was taken into custody this afternoon near the north Las…

US chipmaker Intel Corporation is cutting wages for its workforce days after the company shocked Wall Street with below-expected sales and a forecast loss for the current quarter. Intel CEO Pat Gelsinger is getting a 25% pay cut, and the rest of his executive team will take a 15% pay cut. But the chipmaker is slashing pay across the company,…

Twitter Inc. fired back at a private jet provider suing over unpaid bills, saying the company overcharged the social media giant’s marketing director to fly across the country in October to meet up with the new airline to meet owner Elon Musk. Leslie Berland, Twitter’s chief marketing officer at the time, was flying coast-to-coast on jets provided by Private Jet…

Exxon Mobil posted record annual profits in 2022 as consumers around the world grappled with high prices for gas, heating and consumer goods. The energy giant posted annual profits of $55.7 billion, surpassing its previous record of $45.22 billion set in 2008, when a barrel of oil rose to nearly $150. Exxon’s bounty came as Americans shelled out over $4…

Gautam Adani, the Indian billionaire who has suffered one of the world’s largest losses in personal wealth, said he will continue investing in Israel and is silent on short-seller Hindenburg Research’s allegations of fraud. During a ceremony at the Port of Haifa in Israel – his first public event since the damning report was released on January 24 – the…