Billionaires and tech CEOs have shared two distinct views on humanity’s future when it comes to AI: Some think it’ll wipe out all jobs and spell the end of civilization as we know it, while others hope it could lead to a utopian world—and Jeff Bezos is firmly in the latter category “I don’t see…
ECONOMIC PRESSURES: Cancer Research UK is changing its retail offering, closing smaller high street stores to focus on larger superstores (Image: Getty) As part of plans to revamp funding for life-saving cancer research, a charity has announced it will close nearly 90 stores across the country by May 2026. This marks the first phase of…
When Chris Ferrari and Shridhar Shah, executives at first responder equipment supplier MES Life Safety, first heard about a new book club-style program at work, they were a bit skeptical. “I thought, ‘What are we doing? Like, how does this make sense for our everyday business?’” Ferrari said. “Kumbaya was the first thing that came…
When Anna Whitlock was let go from her job in the technology industry in November of 2024, she wasn’t worried about lining up a new position. The Washington state resident had 11 years of experience managing network infrastructure projects, a specialized role that involves equipping buildings with internet access, cameras and wifi security systems. “The…
Employers across the U.S. cut nearly 950,000 jobs this year through September, the largest number of layoffs since 2020, according to outplacement firm Challenger, Gray & Christmas. Job cuts could surpass more than 1 million in 2025, the group forecast. The layoffs this year, although elevated, remain well below the massive workforce reductions in 2020, when…
A new ADP jobs report estimated that the U.S. economy lost more than 30,000 private sector jobs in September. Newsweek reached out to the White House for comment via email. Why It Matters The Bureau of Labor Statistics (BLS) jobs report was set to be released on Friday, but could be delayed as legislators remain…
The ADP National Employment Report, a measure of private employment in the U.S., said on Wednesday that payrolls at private employers declined by 32,000 jobs last month, signaling the labor market continued to face headwinds in September. More attention may be given to the ADP data this week because the government’s monthly jobs report, scheduled…
Private payrolls plunged in September, complicating the picture for the US economy as policymakers and investors struggle to assess the state of the labor market amid a government shutdown. The Bureau of Labor Statistics is unlikely to release the monthly jobs report this Friday due to the closure. That means many flying blind without critical…
US equity futures held losses after Congress failed to agree to a spending plan, forcing the government into a shutdown that will keep hundreds of thousands of federal workers home from their jobs. Futures on the S&P 500 Index were down 0.4% as of 1:02 a.m. Wednesday after the deadline to fund the government came…
The U.S. Department of Labor said it would delay releases of economic data if the federal government shuts down this week, which could postpone Friday’s highly anticipated monthly jobs report. On Friday, the Labor Department posted a 73-page “contingency plan” detailing operations if government funding lapses at midnight on Sept. 30. If that occurs, the Bureau…