The labor market is a challenging space, especially for young adults who are often the first to bear the brunt of economic downturns. A recent report by the Federal Reserve Bank of St. Louis highlighted that approximately 16% of 18- to 24-year-olds fall under the category of “disconnected youth.” These individuals, also known as “NEETs”
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General Motors has recently announced its decision to integrate its all-electric BrightDrop commercial vans into the Chevrolet brand. This strategic move is aimed at boosting sales, accessibility, and recognition of these vehicles among consumers. By aligning the BrightDrop vans with the strong Chevrolet brand, GM hopes to drive increased volume and cater to customers looking
Remote work has become a significant trend in the U.S. labor market, with economists recognizing it as a major shift that has taken place over the past couple of decades. According to Nick Bunker, economic research director for North America at job site Indeed, the work-from-home revolution is still going strong and is expected to
Starbucks, a global coffee giant, has been facing operational challenges that are impacting its sales and customer experience. With the incoming CEO Brian Niccol taking over, the focus on addressing these issues is crucial for the turnaround of the company. From mobile ordering complexities to long wait times, there are several factors contributing to the
SpaceX is gearing up to launch its upcoming private mission at the end of the month, marking a significant milestone in the history of space exploration. The Polaris Dawn mission, secured as part of billionaire Jared Isaacman’s broader human spaceflight initiative, is poised to break new ground with the first-ever attempt at a spacewalk outside
JPMorgan Chase has recently implemented a generative artificial intelligence assistant, known as the LLM Suite, for over 60,000 of its employees. This move signifies a significant shift towards integrating AI technology throughout the financial institution, with expectations for it to become as commonplace as videoconferencing tools like Zoom. By leveraging external large language models, JPMorgan
Job seekers have been feeling the strain of the labor market, with concerns rising about the current state of employment in various sectors. The U.S. labor market, according to Nick Bunker from Indeed Hiring Lab, is showing signs of trouble as yellow flags transition to red. This shift is evident in the latest job report,
The recent boom in artificial intelligence has had varying effects on different chip firms, as evidenced by the latest earnings reports. While some companies have exceeded expectations, others have fallen short, highlighting the complex dynamics within the semiconductor industry. The current focus on artificial intelligence is largely driven by two main factors – large language
As Meta prepares to report its second-quarter earnings after the market closes on Wednesday, analysts are closely watching for key figures. The consensus estimates include earnings per share of $4.73 and revenue of $38.31 billion. This marks an anticipated sales growth rate of 20% from the previous year’s $32 billion, indicating a recovery from the
The housing market is currently experiencing a strange phenomenon – while there is a rise in the inventory of newly built homes, there is still a shortage of existing homes. This is unusual because typically, home prices tend to cool off when the supply is high. However, this is not the case in the current