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It’s just turned July, but there are all the signs that the advertising industry could be on the cusp of an AI winter.An unexpected profit warning from WPP sent the advertising agency’s shares down as much as 18% on Wednesday. Shares of rival ad groups, including Omnicom, Publicis, IPG, and…
In sports, the best athletes compete against themselves. In the world of weight loss drugs, Eli Lilly is quickly becoming that all-star player that bests the competition every time.”Lilly is the king. They’re the king of the mountain,” Deutsche Bank’s James Shin, director of biopharma equity research, told Business Insider.Investors…
Sagging home sales underline the difficulties faced by the housing market.Existing home sales fell by 0.7% in May compared with the same month last year, according to the National Association of Realtors, following the slowest April for 16 years. Meredith Whitney thinks the housing market is set for “its worst…
Reid Hoffman, the venture capitalist who cofounded LinkedIn, said AI will transform jobs, but he rejected the idea that it will result in a “bloodbath” for job seekers.”Yes, I think people are underestimating AI’s impact on jobs,” Hoffman said on an episode of the Rapid Response podcast, released Tuesday.”But I…
The winners and losers of the workforce are coming into sharper focus.If you’re looking for roles in healthcare or service work, you may have a very different experience than the white-collar workforce or new grads.Overall, the latest jobs data shows that the labor market isn’t looking too shabby; the number…
You’ve had it drilled into you that networking is essential for your career.Yet, if you’re busy actually doing your job, it can feel like yet another thing on your list. So, you like a few posts on LinkedIn and move on.Increasingly, that’s not going to cut it, workplace observers told…
