Corporate America is getting rocked by historic rounds of white-collar layoffs, leading some to wonder: Has AI finally come for their jobs? While the proliferation of generative and agentic artificial intelligence is playing a role, recent job cut announcements from companies like Amazon, UPS and Target are about a lot more than just the advance…
A UPS truck at the Palace Imports warehouse in Linden, New Jersey, US, on Wednesday, Aug. 27, 2025. Michael Nagle | Bloomberg | Getty Images After a wave of big companies announcing steep job cuts, many laid-off workers may face a financially difficult and uncertain period ahead. Amazon said on Tuesday that it would eliminate…
Amazon shares surged Thursday in extended trading after the tech giant posted better-than-expected third-quarter results, driven by accelerated revenue growth from its cloud computing unit. The company’s outlook for the fourth quarter was also solid, easing investor fears that it was falling behind in the AI race. Revenue increased 13% year over year to $180.17…
Amazon Proteus robots demonstrate autonomous navigation using barcodes on the floor during the Delivering the Future event at the Amazon Robotics Innovation Hub in Westborough, Massachusetts, US, on Thursday, Nov. 10, 2022. Bloomberg | Bloomberg | Getty Images Artificial intelligence is widening the productivity gap between large and small companies, lifting up bigger firms that…
Cameron Pappas, owner of Norton’s Florist Norton’s For Cameron Pappas, owner of Norton’s Florist in Birmingham, Alabama, the artificial intelligence boom is a world away. While companies like Nvidia, Alphabet and Broadcom are lifting the stock market to fresh highs and bolstering GDP, Pappas is experiencing what’s happening in the real economy, one that’s far removed…
My top 10 things to watch Friday, Oct. 24 1. The long-awaited September consumer inflation report, delayed because of the ongoing government shutdown, came in slightly cooler than expected at an 3% annual rate. While still above the Fed’s 2% target rate, the stock market liked the number. Meanwhile, President Donald Trump said he has…
Trading cards of the game “Magic” are located in a shop where a “Magic” tournament is taking place. Frank Rumpenhorst | picture alliance | Getty Images As screentime soars and technology races ahead, a low-tech pastime is back in a big way: collecting trading cards. The cardstock depicting everything from NFL standouts to Pokémon and…
Taylor Swift performs onstage during The Eras Tour at Wembley Stadium on June 21, 2024, in London. Kevin Mazur | Getty Images On Friday, 24-year-old Tayra McDaniels will scamper down the stairs of her East Village apartment building and pick up four preordered vinyl editions of Taylor Swift’s new album, “The Life of a Showgirl”…
Laila Lockhart Kraner stars as Gabby in Universal and Dreamworks Animations’ “Gabby’s Dollhouse: The Movie.” Universal | Dreamworks Animation A young girl named Gabby, alongside her menagerie of animated cat friends, is making the leap from streaming to the big screen. Universal and DreamWorks Animation’s “Gabby’s Dollhouse: The Movie” is the latest kid’s TV show…
Pattern Group, one of the leading resellers on Amazon, took the plunge into the public markets on Friday, and saw its stock slip in its Nasdaq debut. Trading under the ticker “PTRN,” the stock opened at $13.50 after the company sold shares at $14 in its IPO, the middle of the expected range. Pattern’s offering…
