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The year was 1999. Steve Jobs had recently returned to lead Apple. Intel was the dominant force in semiconductors. And a little-known chipmaker named Nvidia made its debut on the Nasdaq stock exchange.
It took less than three years for Nvidia Corp. to ascend into the S&P 500 — replacing the disgraced oil-trading conglomerate Enron, no less. READ MORE
Nvidia, long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world.
Shares of the chipmaker climbed 3.6% on Tuesday, lifting the company’s market cap to $3.34 trillion, surpassing Microsoft, which is now valued at $3.32 trillion. Earlier this month, Nvidia hit $3 trillion for the first time, and passed Apple. READ MORE
A wave of large bankruptcies is about to hit the US economy — and that could spark job losses for a growing number of Americans, according to Wall Street forecaster Danielle DiMartino Booth.
The QI Research CEO pointed to the climb in corporate bankruptcies over the past year, a sign that businesses are struggling under higher interest rates and tighter financial conditions. Corporate bankruptcies rose 88% through April this year, according to data from S&P Global. READ MORE
Regulators once accused Elon Musk of fraud over a possible buyout that never happened. Now they are positioned to make similar allegations over one that did.
The Securities and Exchange Commission has been investigating Musk’s late disclosure of his purchases of Twitter stock before he took over the company. Excerpts of Musk’s testimony provided to the SEC, which came to light last month through a separate lawsuit, suggest Musk and his adviser brushed off compliance with a rule that required him to reveal his ownership once it passed 5% of Twitter’s shares. READ MORE
The traditional five-day workweek focusing on being "in the office" is undergoing a significant shift, and we’re yet to see what system of work for knowledge workers will prevail. But one work pattern that is emerging is the idea of a “gentle Friday.” This gentle Friday is an unspoken agreement among colleagues to just…not expect too much from a Friday.
Bruce Daisley, a Sunday Times bestselling author, host of the award-winning podcast Eat Sleep Work Repeat, and expert on workplace trends, discusses Friday’s new identity and what combination of factors might have led us there. READ MORE
HR leaders are having a hard time identifying future leaders who meet their company’s needs. From skill gaps making it difficult to replace retiring senior leaders to increasing global complexity making top positions that much more demanding, the task of identifying the “right” person for the job gets harder every year.
The pipeline of talent ready to step into key leadership positions is decreasing despite labor markets showing greater stability. Turnover rates are as high as ever, employees are feeling increasingly disengaged in their roles, jobs are taking longer to fill and productivity rates are sitting below years past. READ MORE
In the landscape of employee benefits, companies are continuously seeking innovative ways to enhance their workplace culture and support their employees’ well-being.
A study by Match published this year found that over 33% of U.S. adults surveyed are single, which translates to roughly 77 million people. Applying a similar proportion globally, this would suggest more than 2 billion single adults worldwide. READ MORE
In a Resume Templates survey of 1,428 US zoomers, 70% said they had asked their parents for help during their job search, and 26% said they had brought a parent to an interview.
Discussing the results on her radio show, the reporter Kim Komando said a candidate once showed up to an interview for a studio position with their mother.
"That is just a bad sign," she said. READ MORE
They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good.
An Associated Press analysis found their numbers have soared to nearly 7,000 publicly traded companies around the world — 2,000 in the United States alone — whiplashed by years of piling up cheap debt followed by stubborn inflation that has pushed borrowing costs to decade highs. READ MORE
A third of executives say they would leave their organization if it requires employees to return to the office, compounding HR’s challenge of retaining a strong leadership team, according to a recent Gartner report.
The flight risk is concerning because, according to a 2023 Gartner survey of 520 HR leaders across a number of industries and regions, 80% of CHROs do not think they have a deep list of possible replacements for senior roles. READ MORE
The United States has the largest economy in the world, and each of its states and territories play a part in keeping its massive engine running. The states with the largest populations also contribute the most to gross domestic product, but a new study from WalletHub looked under the hood to gauge additional indicators of performance and strength.
The analysis released Monday compared all 50 states and the District of Columbia based on their economic activity, economic health, and innovation potential using 28 metrics, including change in GDP, unemployment rate and fiscal health, to determine which ones are pulling the most weight when it comes to moving the U.S. economy forward.
Here are the states with the best economies in the nation right now, according to WalletHub: READ MORE
Most senior leaders are where they are because they understand that enabling their staff to perform at their best matters much more than anything they can accomplish alone.
While all managers engage in performance management, McKinsey’s recent report on CEO excellence found that tenured CEOs are particularly likely to find creating effective ecosystems a key personal strength. However, even the most experienced leaders find it incredibly difficult to manage performance effectively. READ MORE
Elon Musk had inside knowledge of a miss on production and delivery numbers that Tesla Inc. was facing when he sold more than $7.5 billion in stock in 2022, a shareholder in the electric vehicle maker claimed in a lawsuit.
Tesla’s chief executive officer had nonpublic information that Tesla would miss the fourth-quarter targets that year when he sold the shares, Tesla investor Michael Perry alleged in the suit, filed Thursday in Delaware Chancery Court. READ MORE
It’s almost laughable at this point when Bryn Savidge gets a job rejection email.
“It’s like they’re all using the same AI algorithm to say, ‘Write this person a rejection letter.’” said Savidge, who graduated from Kenyon College, a small liberal arts college 50 miles from Columbus, Ohio, with a major in environmental science. A classic refrain is “We can tell you really want to change the world, but we’ve gone for more qualified candidates,” she said. “They always add an environmental quip.” READ MORE
From little white lies to outright whoppers or sneaking answers for assessments, most recent job seekers admit they have used dishonest tactics before in order to land a gig. And some say they use such methods every time.
That's according to a new study from ResumeTemplates.com, which found seven out of ten people who applied for jobs within the past two years acknowledged either lying or cheating in some way during a hiring process. READ MORE
Elon Musk says artificial intelligence will take all our jobs and that’s not necessarily a bad thing.
“Probably none of us will have a job,” Musk said about AI at a tech conference on Thursday.
While speaking remotely via webcam at VivaTech 2024 in Paris, Musk described a future where jobs would be “optional.” READ MORE
Amazon CEO Andy Jassy said a good attitude and willingness to learn are important attributes for professionals looking to succeed in their careers.
"I think an embarrassing amount of how well you do, particularly in your 20s, has to do with attitude," Jassy told LinkedIn CEO Ryan Roslansky in a video interview published last week. "Do you work hard? Are you more can do than naysaying? Do you do what you said you were gonna do? Can you work on a team?" READ MORE
For many people, the biggest problem with work isn’t anything about the job itself; it’s how the timing constantly conflicts with everything else in life. We take for granted the “standard” five-day, 40-hour workweek, but the truth is, this structure was created less than 100 years ago to suit a much different reality.
In recent years, there has been a louder drum beat of support around reimagining the workweek to be four days instead of five. And as the four-day workweek has gained attention, some companies have found it to be a powerful recruitment and retention tool. READ MORE
The widespread use of artificial intelligence tools has many workers concerned that the rapidly-evolving technology will eventually result in them losing their job, and one expert says that is a real concern — but not in the way some might expect.
The 2024 Work Trend Index Annual Report recently released by Microsoft and LinkedIn found that 45% of knowledge workers worldwide say they are worried that AI will replace them, but Laurence Liew, director for AI Innovation at AI Singapore, says there is a more immediate threat. READ MORE
I am not a woke capitalist. I don’t believe that being good for good’s sake has an awful lot of value when speaking with investors, and that’s also true when talking about the lack of diversity in venture capital.
However, I coauthored a book on diversity, equity, and inclusion in tech and VC. I care deeply about it and believe that despite all the pledges after #metoo and Black Lives Matter, the ecosystem has not done nearly enough. The numbers are flat or even down. That’s shameful and, bluntly, stupid. READ MORE