Brent oil prices are on pace for the biggest monthly surge on record, as the Iran war has entered its fifth week with President Donald Trump threatening to destroy the Islamic Republic’s oil wells. International benchmark Brent crude futures with May delivery rose 0.19%, or 21 cents, to close at $112.78 per barrel. Brent has…
For the close to half-a-million workers at FedEx, a major AI journey is underway. The logistics giant is in the midst of a widespread AI literacy initiative that it says will make employees more knowledgeable, efficient and promotion-ready. Launched in early December in partnership with tech consulting firm Accenture, the enterprise-wide education program is also meant to spark innovation…
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…
The shocking news that U.S. payrolls dropped by 92,000 in February—market watchers were expecting a 50,000 gain—trained the spotlight on what’s probably today’s most worrisome issue for everyone from money managers to Main Street shareholders to office workers: What’s the looming impact of AI on jobs? The widely accepted view, of course, holds that AI…