The Next Civilization Will Not Be Built on Ownership.

𝗜𝘁 𝗪𝗶𝗹𝗹 𝗕𝗲 𝗕𝘂𝗶𝗹𝘁 𝗼𝗻 𝗖𝘂𝘀𝘁𝗼𝗱𝗶𝗮𝗻𝘀𝗵𝗶𝗽. The most dangerous illusion of our economy is that ownership equals responsibility. It does not. We have built a civilization where the highest reward often goes to those who control the most, not to those who preserve the most. We call land an asset. We call knowledge intellectual property. We call infrastructure a revenue stream. We call nature a resource. We call attention inventory.

Then we act surprised when the world becomes exhausted, fragmented, polluted, over-monetized, and psychologically unstable. This is not just a failure of economics. It is a failure of civilizational design. A society based on ownership trains people to ask one primitive question: “What can I claim?” A more advanced civilization must ask a different question: “What am I qualified to care for?” READ MORE

Nvidia's new RTX Spark 'superchip' is designed to put AI power into laptops and desktops

Nvidia unveiled its long-rumored RTX Spark “superchip” during its Computex event in Taipei on Monday. Packing up to 128GB of memory, the chip is designed to allow power users to incorporate AI into their workflows. It aims to replace the traditional way users interact with their computers using a mouse and keyboard by instead allowing them to speak directly with an AI agent right on their local machine, instead of in the cloud.

Nvidia CEO Jensen Huang said the chip changes the personal computer from “tool to teammate.” “The PC is being reinvented,” said Huang. He said the Spark brings everything NVIDIA has built “into a single superchip. Local agents. Frontier models. Creative workflows. RTX games. All on a laptop. This is the new PC. The personal AI computer.” READ MORE

CEOs are losing confidence

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

Lockheed Martin CEO unveils AI-powered warfare tech built to stop drone swarms

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

AI sets up white-collar versus blue-collar jobs duel

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

Why do middle managers stop advancing?

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

Trump Admin Takes Equity Stake in IBM

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

CEO walks back comments about replacing 'lower-value human capital' with AI

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

I was rejected for a job 6 minutes after I applied. I told the company that AI was screening out strong candidates.

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

Jamie Dimon warns markets have 'too much exuberance

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

Greg Abel Recently Bought $235 Million Worth of Warren Buffett's Favorite Stock

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

He Bought an Auto Shop, Fired Everyone on Day One — and Says It Was the Best Move He Ever Made

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

Trump admin rolls out Workforce Pell Grants to fast-track workers into high-demand jobs

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

Why AI interviews are losing 1 in 3 candidates

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

Economy adds 115,000 jobs, far better than expected

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