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Big banks’ profit engines are humming along even as geopolitics keep threatening to gum up the works.
Several of the nation’s largest lenders this week gave investors updates on how their businesses have fared in the second quarter, and the consensus was overwhelmingly positive. READ MORE
Bruce Springsteen and the E Street Band returned to Nationals Park on Wednesday night on the penultimate date of the Land of Hope and Dreams American tour — an apt venue for a tour that has largely doubled as a political call to action against President Donald Trump and his administration. READ MORE
The CEOs of the world's biggest companies lost confidence in the economy this month as the Iran war dragged on, a new survey finds.
Why it matters: Business leaders who lack confidence tend to pull back on hiring and investment, weighing further on the economy.
Zoom in: CEO confidence fell 12 points in the second quarter of the year to 47, per the survey from The Conference Board, a nonpartisan think tank, and The Business Council, an association of CEOs. READ MORE
A top U.S. defense contractor pulled back the curtain on next-generation AI-powered systems designed to hunt down and destroy swarms of enemy drones as the U.S. rapidly expands its next-generation warfighting capabilities.
"We are inserting technology of all types into our systems," Lockheed Martin CEO Jim Taiclet told FOX Business on Thursday, detailing the company's AI-powered counter-drone system, Sanctum.
Taiclet said the system uses artificial intelligence to detect incoming drones, determine whether they pose a threat and predict where they are headed before they can be intercepted or disabled. READ MORE
Sen. Elizabeth Warren, D-Mass., is advocating for targeting the artificial intelligence industry with taxes.
"It's time to tax AI and invest in people," the left-wing lawmaker asserted.
She has floated the prospect of taxing the energy consumed by AI data centers. READ MORE
In the new world of generative artificial intelligence, jobs have become a critical topic. A debate is being held on whether a large number of white-collar employees will find themselves out of work or if the seemingly unquenchable need for new data centers could keep phalanxes of people in skilled trades busy.
The truth is partly there, but the details are messy, according to various experts who spoke with GlobeSt.com. READ MORE
Middle management is one of the most important transition points in the leadership pipeline, where organizations turn capable employees into future senior leaders. These internal pipelines deliver significant value, because leaders developed inside the business can apply existing organizational knowledge and relationships immediately, without the cost and time often required to bring external hires up to speed. Yet when senior leadership roles open, many organizations find they have too few internal candidates ready to step into them. READ MORE
After taking equity stakes in chipmakers and rare-earth element miners, the Trump administration has a new industry on its radar: quantum computing.
On Thursday, the Department of Commerce announced that it was investing more than $2 billion in nine quantum computing companies. In turn, it’ll receive “a minority, non-controlling equity stake” in each. READ MORE
Standard Chartered CEO Bill Winters on Wednesday walked back comments he made at an investor event Tuesday when he said the bank plans to cut thousands of jobs as it replaces what he called "lower-value human capital" with tech powered by artificial intelligence (AI).
Winters wrote a memo to the bank's employees on Wednesday in which he sought to address concerns that arose following his comments on Tuesday, according to a report by The Wall Street Journal. READ MORE
Google is about to ruin the internet.
And I love the internet. I love websites. I love sending links to my friends. I spend nearly my entire workday looking at various Chrome tabs. I enjoy looking at websites I've never looked at before.
All of that is going to change with Google's new search updates, which lean into AI-generated answers. Its plans gave me an awful sinking feeling. READ MORE
I started my career at the entry level and worked my way up to essentially running IT companies in the managed-services space, overseeing IT operations for multiple clients. Recently, I found myself on the job market for the first time in 10 years. It's changed a lot.
I got some interviews right away, but I also got a lot of rejections. Nobody likes to be rejected. I've got children, rent, and animals to take care of, and those responsibilities start to weigh on you. READ MORE
Hold the champagne — Jamie Dimon just gave investors a cause for pause. The JPMorgan Chase CEO told Bloomberg the markets may have "too much exuberance" and he's "kind of a skeptic."
These comments come at a time when the stock market has rallied sharply off its March lows. The S&P 500 Index (SPX) fell about 9% from its January high before recovering to a nearly 9% gain for the year. Dimon's cold-water remarks are a soft departure from general optimism. READ MORE
Warren Buffett served as the CEO of the Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) holding company from 1965 to 2025. It became a trillion-dollar conglomerate under his leadership, with numerous wholly owned subsidiaries and a $300 billion portfolio of publicly traded stocks and securities.
At the start of 2026, Buffett handed the reins to his chosen successor, Greg Abel, who has some big shoes to fill. Abel kicked off his tenure by purchasing $235 million worth of his predecessor's favorite stock -- but you won't find it in Berkshire's portfolio. READ MORE
An entrepreneur’s story about buying a struggling auto repair shop and firing the entire staff has sparked debate across X after a repost from the Cars&Horsepower account drew fresh attention to the tale. The post, originally shared by entrepreneur Brian Beers, described the chaotic conditions he claims he found on his first day as owner.
The story gained wider traction after it was quote-posted by Cars & Horsepower on May 15, 2026. The account summarized the thread with a blunt takeaway: don't be afraid to fire employees who are dragging down a business. READ MORE
The Trump administration on Monday unveiled the nation’s first Workforce Pell Grant program, a federal student aid initiative designed to move Americans more quickly into high-demand jobs through short-term training and certification programs.
Education Secretary Linda McMahon announced the program in a FOX Business exclusive interview on "Mornings with Maria," calling it a key part of President Donald Trump’s workforce and economic agenda. READ MORE
Both employers and job seekers are increasingly tapping AI to guide the job interview process, but their strategies are still very much a work in progress.
New research finds real hesitation among job candidates about interviewing for a job with no human present, with concern spiking when transparency isn’t centered in the interview process. At the same time, they are increasingly leveraging AI for real-time assistance during live interviews, highlighting the complexities facing today’s HR and recruiting professionals in an AI-influenced job market. READ MORE
US job growth continued to strengthen in April as the unemployment rate remained flat, offering another sign that the labor market might be stabilizing.
Payrolls rose by 115,000 last month and the unemployment rate stayed at 4.3%, the Labor Department said Friday. Economists surveyed by Bloomberg had estimated a median gain of 65,000 jobs following March’s blockbuster increase of 178,000 roles, which was revised upward to 185,000. February’s jobs report was revised lower to a loss of 156,000 positions. READ MORE
Between 18% and 27% of online job postings are ghost jobs. Postings for roles that companies have no current intention of filling, kept live for pipeline building, perception management, or simple administrative inertia. That figure comes from multiple independent analyses, including Greenhouse's platform data and a 2025 ResumeUp.AI study of LinkedIn listings, and it's consistent with BLS JOLTS data showing a persistent monthly gap of over 2.1 million between reported openings and actual hires.
For any job seeker, that's a significant waste of time. For senior professionals specifically, it's a navigational problem, because of how senior candidates are advised to search. READ MORE
Nonfarm business productivity (output per hour) slowed more than expected in Q1 to 0.8% q/q saar from a downwardly revised 1.6% in last year’s fourth quarter (previously 1.8%). The Action Economics Forecast Survey expected a 1.6% quarterly increase in productivity. Compared to a year ago, productivity rose 2.9% y/y in Q1, up from 2.5% in Q4. Since productivity growth began to accelerate at the beginning of 2023, it has grown at a well above trend 2.6% annual rate, likely a reflection of AI and other technology advances. Strong productivity is a key factor for boosting real incomes and restraining inflation pressures.
Nonfarm business output (not quite the same as real GDP) increased 1.5% q/q saar in Q1 versus a downwardly revised 1.3% in Q4 (previously 1.5%). By contrast, real GDP grew 2.0% q/q in Q1. Hours worked rebounded in Q1, rising 0.7% after falling an unrevised 0.2% in Q4. Compensation growth slowed to 3.1% in Q1 from an unrevised 6.3% in Q4. Compared to a year ago, compensation growth slowed to 4.2% y/y from 5.0%. On a quarterly basis, compensation growth slowed much more than did productivity growth. Consequently, growth of unit labor costs slowed markedly to 2.3% q/q in Q1 from 4.6% in Q4. The y/y rate of advance for unit labor costs also slowed, to 1.2% y/y, its slowest annual pace since Q3 2023, from 2.4% in Q4. READ MORE
Managers who don't produce are becoming expendable.
As tech layoffs roll on and org charts flatten, some industry leaders are sending them a sharp directive: Keep tabs on your reports, but be sure to contribute, too. READ MORE