United Parcel Service Inc.’s largest layoffs in its 116-year history were made possible, in part, by new technologies including artificial intelligence, CEO Carol Tomé said last week. Citing one example, she said that machine learning allows salespeople to put together proposals without having to ask pricing experts for guidance.
Is unlimited paid time off good for a company's stock price? Most investors think so, according to the latest Markets Live Pulse survey.
Loan growth at the largest U.S. banks is finally staging a comeback after being absent for much of the pandemic, but investors are eager for signs the rebound is strong enough to withstand rising interest rates and economic uncertainty following Russia’s invasion of Ukraine.
Mortgage rates in the U.S. jumped to the highest level since January 2020, before the pandemic rocked financial markets.