The skyrocketing price of Doritos, Lay’s, and Cheetos have pushed away cash-strapped consumers and have cost Frito-Lay billions. The company is slashing prices to course correct, but its efforts may be too little too late. Ahead of the Super Bowl, Frito-Lay, a subsidiary of PepsiCo, started cutting prices of its portfolio of chips products like…
Delta CEO Ed Bastian doesn’t think AI will drastically change the flying experience, but it may improve it by tackling one of the biggest problems facing airlines. Air traffic control, Bastian noted, is ripe for innovation and could be the area where improved technologies like AI make a real difference for travelers—“an amazing deployment,” even…
A striking new story is taking shape in corporate America. Some of the most recognizable Fortune 500 CEOs are stepping down as AI becomes a defining question about what kind of executive is best suited to lead the next phase of the business. That reflects a meaningful shift. For years, AI was treated as one…
For Scott DeRue, the climb to the C-suite has mirrored the literal peaks he’s summited along the way. As CEO of The Ironman Group, he oversees nearly 250 endurance events worldwide. But his career path has been anything but linear—spanning roles as a professor, dean of the University of Michigan’s Ross School of Business, and…
McDonald’s is rolling out its cheapest value menu in years, a move that could speak more to the state of the American economy than it does fast food. Even as sales rose for the quarter, executives at the world’s largest burger chain acknowledged in its February earnings call the fast food environment, which has pulled…
AI tools are already spurring fierce job competition among Bambi-legged Gen Zers hoping to land their first entry-level job out of college. And the situation could get even worse, one tech boss is warning. “I think young people coming out of university today [are experiencing] 9% unemployment,” Bill McDermott, the CEO of AI-driven software company…
Elon Musk said he is rebuilding xAI from the ground up just a month after SpaceX acquired his AI startup in one of the biggest mergers of all time. Following a gradual exodus from xAI, the world’s richest man is trying to reimagine the company with heightened ambitions. The Tesla and SpaceX CEO added in…