99% of CEOs Expect AI-Driven Layoffs in the Next Two Years - Gizmodo
Virtually all CEOs surveyed in a recent study said they expect corporate AI initiatives to lead to layoffs within the next two years. According to consulting firm Mercer’s Global Talent Trends report, 99% of CEOs are prepared for AI-driven layoffs in the short term.
New York commuters face rush-hour chaos in first major rail strike in 30 years - BBC
We’re now well into day three of the Long Island Rail Road shutdown, New York City’s longest transit strike in more than 30 years. As the first weekday rush hour of the strike comes to an end, there’s still no contract and no end in sight to the train stoppage.
Trump talks up trade deals with China, but experts see no big wins for U.S. - CBS News
Updated on: May 15, 2026 / 7:52 PM EDT / CBS News This week's summit between President Trump and Chinese President Xi Jinping could ease economic tensions between the countries in the short term, but failed to deliver any breakthrough trade deals, according to some experts. "I was expecting that China would announce mega purchases of U.S.
Demand for longer-term U.S. debt gets weaker as one shock after another stokes fear that high inflation is here to stay - Fortune
Bonds sold off sharply around the world on Friday as investors brace for persistently elevated inflation amid the ongoing energy crisis. Oil jumped after the U.S.-China summit wrapped up without any signs that Beijing will lean on ally Iran to reopen the Strait of Hormuz.