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Is AI gunning for your job? The truth is far from white & blue
AI adoption is reshaping the job market, with significant tech job cuts reported and AI capable of performing a substantial portion of the US labor market's work. While AI automates tasks rather than eliminating entire jobs, younger workers in entry-level roles are disproportionately affected.
EDP CEO on War Impact, Data Center Demand
Miguel Stilwell d'Andrade, CEO of Portuguese utility, EDP, discussed the impact of the Iran war on energy markets, a renewed push for European energy independence and growing demand for energy from data centers. Stilwell d'Andrade joined Anna Edwards, Guy Johnson and Tom Mackenzie on Bloomberg's The Opening Trade. (Source: Bloomberg)
Home Depot Sales Fall Short as Shoppers Defer Projects
Home Depot missed sales expectations at locations open at least a year, rising 0.6% in the latest quarter, as muted housing demand and high borrowing costs limited consumer spending on improvement projects. Drew Reading of Bloomberg Intelligence has more. (Source: Bloomberg)
Senegal In Arrears With Arab Development Bank as Debt Woes Grow
The Arab Bank for Economic Development in Africa told investors last week that Senegal is in arrears with the lender, people familiar with the matter said, adding to signs of mounting financial strain on the government.
US Premarket Movers for May 19, 2026
S&P 500 Index futures fall 0.4% as of 7:42 a.m. in New York as investors weigh the balances of market positioning, profit taking, rotation and dip buying in the absence of significant macro events since the close on Monday.
Petrol hits highest price since start of Iran war
The average price of unleaded has risen to 158.52p a litre, according to the RAC, who warn that it could rise further in the coming weeks.
Standard Chartered to cut 7,800 jobs across India, China and other hubs
Standard Chartered will cut about 7,800 jobs by 2030, roughly 15 per cent of its corporate functions, with back-office hubs in Bengaluru, Chennai, Shenzhen and Warsaw hardest hit. CEO Bill Winters said the Asia-focused bank is replacing "lower-value human capital" with AI and automation, as StanChart targets an 18 per cent return on tangible equity by 2030 and higher income per employee.
Why Are Your Customers Leaving In Silence?
InnovationWhy Are Your Customers Leaving In Silence?ByHamid Farooqui,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)May 19, 2026, 07:30am EDTHamid Farooqui is a serial entrepreneur, cofounder and CEO of experience management company Sogolytics and CTO of K12 Insight. gettyThere is a widespread assumption in customer experience that the most at-risk...
Why Oil Price Spikes Cause Recessions But High Prices Don't
LeadershipLeadership StrategiesWhy Oil Price Spikes Cause Recessions But High Prices Don'tByBill Conerly,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Bill Conerly connect the dots between the economy ... and business!Follow AuthorMay 19, 2026, 07:30am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Oil tankers in the Strait of Hormuz. (Photo by Asghar Besharati/Getty Images)Getty...
Greene King to sell Old Speckled Hen brands to Spanish brewer
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Petrol prices reach highest level of Iran oil crisis
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AI Moving From ‘Hype’ to Real Execution, JPMorgan’s Brunner Says
Enthusiasm for artificial intelligence is no longer just rosy predictions about the future, with the technology now making significant real-world impacts, according to Kevin Brunner, JPMorgan Chase & Co.’s global chair of investment banking and mergers and acquisitions.
US Yields Near 2007 Highs; AI Push Fuels Job Cuts | Bloomberg Brief 5/19/2026
US equity futures slide and 30-year Treasury yield flirts with levels last seen in 2007. President Trump calls off scheduled strikes on Iran after Persian Gulf allies sought more time to work out a deal. Standard Chartered plans to eliminate nearly 8,000 jobs as the firm shift to AI, while Meta reassigns workers to AI roles ahead of planned job cuts. Christopher Hodge of Natixis discusses the challenges ahead for the Federal Reserve amid price pressure. (Source: Bloomberg)
Indonesia Plans to Tighten State Control Over Commodity Exports
Indonesia plans to tighten control over commodity exports including coal and palm oil, according to people familiar with the matter, as the government seeks to clamp down on tax evasion and bolster a plunging rupiah.
French Socialists to Oppose Moulin as Bank of France Head
Socialist lawmakers will oppose Emmanuel Macron’s nominee for Bank of France Governor, raising the risks of a political blow for the French president and uncertainty over the composition of the European Central Bank’s Governing Council.
Military-Backed Intruders Occupy Huge Cobalt Deposit in Congo
In the heartland of the Democratic Republic of Congo’s mining industry, one of the world’s top cobalt producers says intruders have taken over a large part of its deposit and are exploiting the site on a near-industrial scale.
Japan, South Korea Deepen Ties Amid Global Tensions
Japan’s Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung pledged closer cooperation on energy and security, while strengthening ties with other allies as geopolitical tensions continue to rise. (Source: Bloomberg)
Home Depot profit falls, but tops expectations in the face of economic uncertainty
Home Depot’s results beat Wall Street’s expectations in the fiscal first quarter on a strong showing from professional customers while homeowners started stocking up on some of their spring supplies
Fashion Giant Loved by Hollywood Stars Crashes in Brazil Markets
To the outside world, Brazilian fashion giant Azzas 2154 SA appears to be having a breakout moment. Its latest winter campaign featured Sarah Jessica Parker; Meryl Streep turned up to a premiere of The Devil Wears Prada 2 in its black Scarpin heels; and Justin Bieber has been seen sporting its kaleidoscopic puffer jacket.
The Economics Of IT Platforms: Where IT Execution Meets Financial Intelligence
InnovationThe Economics Of IT Platforms: Where IT Execution Meets Financial IntelligenceByBarney Krishnan,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)May 19, 2026, 07:00am EDTBarney Krishnan is a Data Executive at UniCredit with expertise in financial services, digital banking, AI and data modernization platforms. gettyHistorically, IT organizati...