Artificial intelligence (AI) cost several thousand people their jobs in May, according to Challenger, Gray & Christmas.  In its monthly report released Thursday, the firm said U.S. employers cited AI as the reason for 3,900 of the layoffs, roughly 4.9% of May’s job cuts.Challenger, Gray & Christmas had never had…

JPMorgan Chase COO Daniel Pinto on Friday offered his take on the economy and the direction of U.S. interest rates. Pinto described the economy – both globally and in the U.S. — as “at least for now doing fine,” adding “there is growth” in Europe, America and other parts of…

United Airlines pilots are set to vote on holding a strike as negotiations for better pay and working conditions have moved slowly. The pilots union voted unanimously to authorize a strike vote, Unite Master Executive Council Char Capt. Garth Thompson announced in a letter sent to members Friday.”You’ll receive more…

Costco CFO Richard Galanti said late last month that some customers are switching from buying more expensive meats like steak and beef at the store to cheaper ones like chicken and pork, and even canned products.   Galanti said going back 20 years the company “would see some sales penetration…

Ciena CIEN is scheduled to report earnings before Tuesday’s open. The stock hit a record high near $1,057/share in 2000 and is currently trading near $47/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers…

A regret-free retirement requires several years of planning, putting money aside, and staying the course. The average expected retirement age in America is now 66, according to a Gallup poll. If you reach this age, your life expectancy is 16 years for men and 19 for women. This means there…

A Walgreens store in Chicago reportedly has been redesigned to allow customers to browse only two aisles of products – after they pass through anti-theft detectors.  The changes at the store on 2 E. Roosevelt Road in the South Loop area put most of the merchandise in aisles behind staffed counters, which…

Embattled CNN Chief Executive Chris Licht apologized to the news organization’s staff Monday morning during the cable news network’s 9 a.m. ET call, according to people familiar with the matter.Licht told staffers he didn’t recognize himself in a 15,000-word profile story in The Atlantic that published Friday. The story documented…

Maria is a 90 year old, hardworking woman who raised four kids and some grandkids as well. She quit her humble work as a housecleaner when her husband fell ill. She stayed home to care for him. She also helped raise a grandson, when her son and his wife split…

JPMorgan Chase CEO Jamie Dimon has “no plans” to run for office, according to a statement from the bank Monday.Speculation about Dimon’s possible future in politics flares up from time to time. The CEO is respected in business circles for his stewardship of JPMorgan, building it into the biggest and…