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Billionaire investor, philanthropist and business leader Ken Langone called out the Federal Reserve under President Biden for not acting on raging inflation that’s hurting average Americans most.
"Let me say this to you about Joe Biden, in my opinion, and I'm going to be very, very direct: he thinks he's the smartest guy in the room," Langone said on "Mornings with Maria" Wednesday. "If that's the case, we're really in trouble, because the American people are a lot smarter than that." READ MORE
It's a remarkable show of how fickle fortune can be, all captured in a tweet.
"Proud to be on @Forbes' annual ranking of America's Best Banks for the 5th straight year and to have also been named to the publication's inaugural Financial All-Stars list," SVB tweeted Monday. READ MORE
Despite corporate America’s efforts to create inclusive work environments, leaders across the globe say proximity bias is likely real, according to a 2023 Future of Working and Learning Report READ MORE
No doubt you’ve read many of the stories in the business press about the studies going on in the U.K. and other countries where employers agreed to switch to a four-day work week—and it is going really well. Is there a reason to think this is the wave of the future? READ MORE
“A few years ago, my wife, Angie, and I made a pact,” Jason Heller writes in The Atlantic. “Every Sunday, we swore to each other, we will abstain from work. And we kept our promise: On the second day of each weekend, we start our morning and end our night by bingeing TV in bed. In the middle of the day, we binge TV on the couch, taking breaks exclusively to nap or read.” The anxiety of looming to-do lists sometimes creeps in, but “we fight to stay still,” he writes. READ MORE
My relationship with TikTok is analogous to my relationship with church. I tend only to visit when invited by a third party, and while I’m not convinced its effects are ubiquitously positive, I’m glad it offers at least some participants comfort during their darker moments. READ MORE
Between 2019 and 2022, the number of hours people spent working in the U.S. fell by the equivalent of 33 fewer hours a year per person, according to the National Bureau of Economic Research.
The Covid-19 pandemic didn’t just disrupt where and how we show up to our jobs: It has led people to question when and why they should be working in the first place. READ MORE
The number of Americans filing new claims for unemployment benefits fell again last week, pointing to sustained labor market strength and adding to financial market fears that the Federal Reserve could keep hiking interest rates for longer.
Those worries were further heightened by another report from the Labor Department on Thursday showing labor costs grew much faster than previously estimated in the fourth quarter. The labor market remains tight despite rising risks of a recession, contributing to keeping inflation elevated via solid wage gains. READ MORE
Debates over the trade-offs of remote work arrangements have tended to focus on challenges related to maintaining worker productivity, building company culture, and upholding boundaries between work and home. Now, employers are faced with an additional challenge: complying with a growing set of regulatory frameworks governing remote work. READ MORE
By now it's common knowledge that the U.S. saw an unprecedented drop in labor participation at the onset of the COVID-19 pandemic in 2020 as health concerns, lockdowns and stimulus payments caused tens of millions to abandon or forfeit their jobs.
But three years later, millions still haven't returned – including many who quit in the middle of their prime working years – and some economists are sounding the alarm that so many capable, would-be earners remain out of the workforce. READ MORE
KIA and Fiat have introduced digital metaverse dealer showrooms so customers can more easily shop for cars from the comfort of their homes.
The two auto manufacturers are among the first organizations to justify the sales platform's use within their businesses. READ MORE
Big Tech lawyers are riding high. A Delaware judge recently delivered a lengthy memo trampling the American justice system and supporting Big Tech’s longstanding efforts to crush smaller entrepreneurs.
Chief Judge Colm Connolly of the U.S. District Court of Delaware bit hook, line, and sinker on an absurd argument that the biggest and richest technology companies have been peddling for decades. READ MORE
In the past 45 years, intangible assets have steadily and quickly replaced physical capital as the most valuable asset class (see graphic 1). Employees are the stewards of these intangible assets as they bring the unique experience, knowledge, networks, and know-how that are voluntarily shared or withheld and codified in company culture. Indeed, the various drivers of culture, including leadership, policies, decision rights, organizational design, people development, and relevancy, determine the extent to which employees share or horde these intangible assets. And, since the decision to do so unfolds, employee-by-employee, on a continuous basis, culture’s contribution to company performance in the intangible economy has markedly grown. READ MORE
Bernie Madoff, who is scheduled to be sentenced June 29 for perpetrating history's biggest Ponzi scheme, is just be the latest in a long line of industry titans turned crooks READ MORE
If your company lays you off, your employer might offer you severance pay — but only if you agree to adhere to a number of restrictions.
Staying quiet is often one of them. READ MORE
It's essential for the success and expansion of a company to choose the most appropriate business model. This model will effectively lay the groundwork for a company's overall strategy as well as its day-to-day operations. It will prove crucial to determining the course for how a firm generates, delivers and retains value for its customers.
Yet with so many options to pick from, it may can be difficult to identify which business model works best for your startup. Here are six strategies I recommend to help leaders choose the appropriate business model for their own company. READ MORE
Henry Kirk always thought he would eventually leave his job as an engineering manager at Google and start his own company. But when he became one of the 12,000 employees let go by the tech giant in January, he decided his time had come—albeit in an earlier and unexpected fashion.
Kirk and five others laid off from Google are now working on launching their own software design and development studio. He announced his ejection from Google and the new venture in a LinkedIn post that garnered more than 15,000 reactions. Kirk says he’s received a staggering 1,000 messages since making the post from people looking to work with the new agency or simply wishing him well on his attempt to conjure opportunity from a setback. READ MORE
Corporate roles focused on diversity, equity and inclusion (DEI) may not hold the job security they used to.
A recent study conducted by Revelio Labs shows the companies that laid off workers in 2022 slashed DEI positions at a higher rate than others, indicating those dedicated roles become lower-priority when times get tough. READ MORE
Employees at companies that adopted a four-day work week without pay cuts said they were happier and healthier, while revenues did not fall READ MORE
Billionaire Bill Gates said on Sunday that the artificial intelligence industry will likely come to threaten Google.
The Microsoft co-founder said in an interview on the "In Good Company" podcast that the search engine's profits "will be down." READ MORE