If you’ve only been applying for gigs at big companies, you may want to rethink where you’re sending job applications. According to data from the Bureau of Labor Statistics, nearly 93% of hires for privately held companies during May came from US business establishments with fewer than 1,000 employees. Companies with 10 to 49 employees […]
As companies pour eye-watering sums into AI while automating more work, one question remains: How will it affect the number of tech jobs available? Much has been said about whether AI will lead to leaner teams with fewer layers of management. In the past year, a number of prominent tech companies have conducted layoffs and […]
Freehand raised $75 million to scale its autonomous artificial intelligence (AI) agents that manage supply chain spend for global enterprises. These agents automate procurement, supplier management, invoicing and payments, the company said in a Wednesday (July 29) press release. The agents can negotiate rates, enforce contracts, manage suppliers, process payments and reconcile data within enterprise systems, according to the release. […]
“I think as a mortgage professional, a real estate professional, and as a lawyer, managing client expectations is the number one priority,” she told Canadian Mortgage Professional. “It helps clients understand what they may expect from a sale in a down market or when they’re purchasing, say, something like a new build – what they […]
Robinhood (HOOD) topped Wall Street’s second-quarter expectations, but shares fell about 4% in after-hours trading, adding to their 3.1% decline during Wednesday’s session. The online brokerage reported adjusted earnings per share of $0.62, well ahead of analysts’ $0.43 estimate, while revenue climbed 32% from a year earlier to a record $1.31 billion, narrowly topping the […]
Mexican fast-casual chain acknowledged ‘softening’ traffic in the second half of July, but it’s taking a rosier view of its full-year prospects.
Key takeaway: Prosperity Bancshares executives say they’ve lost loans in recent weeks to competitors that are willing to price or structure deals more aggressively. Supporting data: During the second quarter, the company’s loan portfolio shrank by 1% on a linked-quarter basis. Expert quote: “Some things out there are getting to the point of being ridiculous.” […]
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PayPal (PYPL +0.05%) recently turned down an offer to be acquired by Stripe and Advent for $60.50 a share, and that looks like a smart move. While the stock has been decimated, losing 80% of its value over the past five years, the company is still growing its revenue. Its valuation is very cheap, with […]