Latest News, Updates & Breaking Headlines
Nvidia CEO Jensen Huang said demand for electricians, plumbers, and carpenters will rise sharply as the construction of data centers accelerates. “If you’re an electrician, you’re a plumber, a carpenter—we’re going to need hundreds of thousands of them to build all of these factories,” Huang told Channel 4 News in the U.K. “The skilled craft…
Google has laid off more than 100 employees in its Cloud division this week, primarily affecting workers in design and user experience research roles, according to reports from CNBC and Business Insider. Affected employees received emails on Monday informing them their positions were being eliminated, according to internal documents viewed by CNBC and several LinkedIn…
The US private sector lost 32,000 jobs in September, according to payroll processor ADP, defying analysts’ expectations of employment growth. The biggest losses came in leisure and hospitality, professional services, and financial activities, AFP reported.Hiring also contracted in trade, transportation and utilities, along with manufacturing, the report showed.“Despite the strong economic growth we saw in…
US stocks drifted on Wednesday as fresh signs of weakness in the job market stoked caution among investors. The S&P 500 fell 0.3% in early trading, though it remained near last week’s record high. The Dow Jones Industrial Average declined 51 points, or 0.1%, while the Nasdaq composite dropped 0.4%, AP reported.Treasury yields fell sharply…
US equities edged cautiously on Tuesday as Wall Street approached the end of another strong month, with investors balancing optimism over corporate earnings against economic uncertainty and the potential for a government shutdown.The S&P 500 slipped 0.2% in early trading, while the Dow Jones Industrial Average fell 27 points, or 0.1%. The Nasdaq composite was…
The advancement of Artificial Intelligence (AI) in the last couple of months has shaped the way we work and the workplace in drastic ways. And one of the largest IT services company in India, Tata Consultancy Services (TCS) seems to be a proof of this. In August, TCS confirmed in a public statement that it…
The Trump administration has launched a high-stakes initiative aimed at stopping H-1B visa abuse and prioritising American workers. Dubbed Project Firewall, the program is designed to ensure companies hire Americans into high-paying, mortgage-supporting jobs rather than relying on foreign labour. Targeting rampant H-1B misuse Project Firewall comes amid mounting concerns over H-1B visa misuse in…
German aviation giant Lufthansa is planning to slash almost 4,000 jobs by 2030, mostly in Germany, as a part of wider efforts to reduce costs after a drop in earnings.Europe’s biggest airline group on Monday announced that the cuts will largely affect administrative roles, leaving pilots and other operational staff largely untouched, AFP reported. Lufthansa’s…
The pace of artificial intelligence (AI) development is accelerating at a rate few anticipated. From transforming how we communicate to reshaping industries, the rise of AI is prompting questions that touch every worker: How much of what I do today could be done by a machine tomorrow? Sam Altman, Chief Executive Officer of OpenAI, has…
Gold rate outlook: Gold and silver prices are likely to extend their rally this week, though late profit-taking could cap gains amid key global economic releases, analysts said.Traders will watch out for PMI data, US non-farm payrolls, employment numbers, consumer confidence, and speeches by Federal Reserve officials for direction, PTI reported.“… we expect the current…
