With the rise of automation, it is undeniable that certain jobs will become obsolete in the coming years. However, this technological shift also offers a unique opportunity for workers to embrace the change and play a pivotal role in building and implementing this technology. Both humanoid and nonhumanoid robots are expected to reduce employment in
Business
Goldman Sachs, the renowned Wall Street brand, has long been recognized for its dominance in trading and investment banking. However, since the 2008 financial crisis, these high-profile businesses have lost favor with investors. As a result, areas like wealth and asset management have emerged as more valuable, stable, and fee-generating components of Goldman’s operations. This
Shares of electric truck maker Nikola took a nosedive, dropping over 10% on Friday, following a series of unfavorable events. The company’s CEO, Michael Lohscheller, announced his immediate departure due to a “family health matter,” adding to the company’s growing list of setbacks. In his place, the former General Motors vice chairman, Steve Girsky, will
Warner Bros. Discovery, the media and entertainment conglomerate, recently released its second-quarter results, which fell below expectations in various areas. The company also reported a decline in subscriber totals compared to the previous quarter, generating concern among investors and analysts. At the end of the second quarter, global direct-to-consumer streaming subscribers stood at 95.8 million,
EV charging network operator EVgo has reported impressive second-quarter results, surpassing Wall Street’s expectations. The company’s revenue exceeded estimates, and it posted a narrower loss than anticipated. This positive performance is attributed to an increase in electric vehicle (EV) drivers using the EVgo network and a surge in revenue from its private-label eXtend unit. In
Starbucks announced its quarterly earnings on Tuesday, surpassing analysts’ expectations for earnings per share. The company reported adjusted earnings per share of $1, compared to the expected 95 cents. However, despite this positive news, the coffee giant’s same-store sales fell short of Wall Street’s estimates. Starbucks recorded a net income attributable to the company of
The power duo of Warner Bros.’ “Barbie” and Universal’s “Oppenheimer” continues to dominate the global box office, surpassing the remarkable milestone of $1.1 billion in ticket sales since its release on July 21. Strong Second Week Performances Unlike typical blockbusters, “Barbenheimer” experienced a smaller-than-average drop in ticket sales during its second week, with only a
Ford Motor is gearing up to introduce a range of new hybrid models, according to CEO Jim Farley. This move comes as the company reported widening losses on its electric vehicle unit. While Detroit automakers have been focusing on all-electric vehicles, Ford’s emphasis on hybrids aligns more closely with Toyota, the global leader in hybrid
Ford Motor announced on Thursday that it was revising its production targets for electric vehicles (EVs) due to slower-than-expected adoption rates. The automaker now anticipates reaching a production rate of 600,000 EVs per year sometime in 2024, a delay from its earlier estimate of achieving that level by the end of 2023. Additionally, Ford had
Macy’s, the well-established department store chain with a history spanning 165 years, is grappling with declining sales and a struggling stock amid a thriving market. In an effort to keep up with newer competitors such as direct-to-consumer brands, online giants like Amazon and Shein, and big-box players like Target, Macy’s is placing its bets on