Employers added 390,000 jobs in May, the Labor Department said in its monthly payroll report released Friday, beating the 328,000 jobs forecast by Refinitiv economists. The unemployment rate, meanwhile, held steady at 3.6%, the lowest level since February 2020. READ MORE
7 Brutal Truths About Leadership Not Too Many People Want to Hear
If you’ve ever experienced great leadership, you probably remember how that person -- your boss -- made you feel. Because true leadership, at its core, is a matter of the heart.
Poet and civil rights activist Maya Angelou famously stated, “People will forget what you said, people will forget what you did, but people will never forget how you made them feel.” READ MORE
Elon Musk is right to bring workers back to the office, wrong to suggest remote work is lazy
Elon Musk is like that favorite high school teacher: Half taskmaster, half curiously fun. You never know which version you’ll get on a given day.
The witty Tesla founder and potential Twitter owner just announced an ultimatum to his Tesla staff Tuesday: Return to the office to work or you’ve quit. According to emails, Musk requires car-company executives to work a minimum of 40 hours per week in office and exceptions would be made only for exceptional contributors on a case-by-case basis. READ MORE
When Is It Theft? Breaking Down the Eco Versus Pebble Startup Copycat Incident
If you didn't read Eco founder Andy Bromberg's Twitter thread last week accusing Pebble's cofounding team of the plagiarism of both Eco's marketing messaging and business model, along with a blow-by-blow accounting of what he called "lying and espionage" in attempts to surface Eco's intellectual property, you'd be forgiven - because it turned into a non-story.
What Bromberg alleges is shocking in almost every aspect, but the thread ends with a whimper, an "agree-to-disagree," with no further action to follow. READ MORE
US economy sees solid job growth in May as payrolls jump by 390,000
CEOs warn that US households are burning through savings at an alarming rate
The US economy has been mostly beating expectations for two years now, thanks in large part to consumers eagerly buying just about everything that companies could sell them.
Much of this spending was powered by an estimated $2.5 trillion in excess savings that households accumulated due to federal pandemic aid and higher wages at work. READ MORE
Retail markdowns could be coming as companies tackle excess inventory
A buildup of inventory across major retailers is cultivating a climate of markdowns, according to a new report.
It started happening at a time when "consumers began curtailing spending and shifting away from discretionary categories," according to a research note from the Telsey Advisory Group. READ MORE
Parler CEO warns tech layoffs are ‘just beginning’
Netflix, Robinhood, Carvana and Facebook parent Meta are joining the growing list of tech firms laying off employees or slowing hiring which Parler CEO George Farmer warned is "just beginning."
"The sector is feeling the effects of this interest rate rise and the end of free money," Farmer told FOX Business’ Maria Bartiromo on Thursday. "The free pay environment has sort of exacerbated the worst of the tech hiring, which has basically meant that companies are trading off ridiculous price-to-earnings ratios and have sort of exacerbated the overstaffing of these companies." READ MORE
White House trying to fight inflation is like having an ‘arsonist trying to shut out a fire
Former White House Council of Economic Advisers Chair Tomas Philipson slammed the Biden administration for their attempt to fight inflation, comparing it to an "arsonist trying to shut out a fire." READ MORE
Ford CEO says customers will pay 'tens of thousands of dollars' to sleep in their cars
Jim Farley knows time is money.
The Ford CEO sees a great profit opportunity in technology that will allow drivers to sleep in their cars. READ MORE
US Frontier Supercomputer Named Fastest in the World
How to Spot — and Develop — High-Potential Talent in Your Organization
Organizations struggle to identify their next-gen leaders, and for good reasons. When you don’t know what the future will bring, how do you figure out who has — or can acquire — the right strengths to meet those challenges? Which high potentials will give you the best return on your development efforts? READ MORE
Elon Musk says upcoming recession is 'actually a good thing
Tesla CEO Elon Musk, who has gained even more notoriety amid his purchase of Twitter and who has previously predicted an economic recession, claimed that the upcoming recession is "actually a good thing," a necessary "rude awakening" after a lax attitude from the COVID-19 pandemic. READ MORE
Small Businesses Are Starting to See Sales Slow--and That's Not Likely to Change
After months of shouldering increased costs, customers are pulling back.
That's according to small businesses surveyed in May by The Wall Street Journal. Some say that sales have decreased over the past few weeks--and the majority aren't optimistic about things getting better anytime soon. More than half (56 percent) of the 600 small businesses surveyed say that they expect economic conditions to worsen over the next year--up from 42 percent in April. READ MORE
These 'boomerang' employees went back to their old jobs. They tell us why
With the job market still going strong, millions of workers have switched jobs in the past year.
In March, a record 4.5 million people quit their jobs, according to the Labor Department, many of whom left to seek higher pay, better benefits and flexibility or new career opportunities. READ MORE
Tech Leaders Can Do More to Avoid Unintended Consequences
Ten years ago, in a small hotel room in Helsinki, Finland, a young tech entrepreneur sat down with a pen and paper and calculated that one of his inventions was responsible for wasting the equivalent of more than a million human lifetimes every day. The realization made him feel sick. That entrepreneur’s name is Aza Raskin, and he’s the inventor of the “infinite scroll,” the feature on our phone that keeps us endlessly scrolling through content with the simple swipe of a finger. READ MORE
Code-Writing AI Points to the Future of Computers
Microsoft just showed how artificial intelligence could find its way into many software applications—by writing code on the fly.
At the Microsoft Build developer conference today, the company’s chief technology officer, Kevin Scott, demonstrated an AI helper for the game Minecraft. The non-player character within the game is powered by the same machine learning technology Microsoft has been testing for auto-generating software code. The feat hints at how recent advances in AI could change personal computing in years to come by replacing interfaces that you tap, type, and click to navigate into interfaces that you simply have a conversation with. READ MORE
The Evolution Of The Performance Management Process
The employee performance management process is ready for an overhaul, thanks to the changing needs and requirements of employees, the organizations they work for and the customers they serve. READ MORE
Amazon hit with investor resolutions at shareholder meeting
Amazon will face a record 14 resolutions challenging its policies over the treatment of workers during the company's annual shareholder meeting on Wednesday.
The jump in the quantity of resolutions highlights the increase in environmental, social and corporate governance-based investing, leading more shareholders to demand corporate accountability. READ MORE
Musk, Twitter 'fireworks' could come at annual shareholder meeting
One Wall Street analyst is expecting "fireworks" between Tesla CEO Elon Musk and Twitter's board at the social media giant's upcoming annual shareholder meeting on Wednesday.
"Twitter will be holding its annual shareholder meeting this Wednesday and will surely kick off some more fireworks between Musk and the Twitter Board," Wedbush Securities analyst Dan Ives wrote in a note to clients on Monday evening. "The elephant in the room at the Twitter shareholder meeting will clearly be the Musk $44 billion deal price for the company with shareholders encouraged by the Board to vote in favor of this inked deal." READ MORE