Business

Delta CEO Ed Bastian doesn’t think AI will drastically change the flying experience, but it may improve it by tackling one of the biggest problems facing airlines. Air traffic control, Bastian noted, is ripe for innovation and could be the area where improved technologies like AI make a real difference for travelers—“an amazing deployment,” even if it takes a long…

The Associated Press, one of the world’s oldest and most influential news organizations, said Monday it is offering buyouts to an unspecified number of its U.S.-based journalists as part of an acceleration away from the focus on newspapers and their print journalism that sustained the company since the mid-1800s. The News Media Guild, the union that represents AP journalists, said…

When Nordstrom went private last year, the move was seen by industry analysts as a way to let the founding family make the changes needed to rejuvenate its sagging department store business without being hemmed in by Wall Street’s short-term focus on profits. Nearly a year later, co-CEOs Peter and Erik Nordstrom, great grandsons of the retailer’s founder, say they…

A year after firing thousands of probationary employees, the Trump administration indicated it needs more early-career workers to sustain the federal workforce. “We’ve got close to half of our population that’s within 10 years of retirement age,” Scott Kupor, director of the Office of Personnel Management (OPM), told Fortune. “So if you just did nothing else, you’ve got this major…

When Palantir CEO Alex Karp predicted that AI would erode the economic power of “humanities-trained, largely Democratic voters” in favor of “working class, often male voters,” he wasn’t making a forecast. He was making a choice — and calling it destiny. That distinction matters more than whether he’s right. AI has advanced faster than almost anyone expected. Recent geopolitical shocks…

United Airlines CEO Scott Kirby is preparing for the worst: a future where oil prices reach as high as $175 per barrel and stay above $100 until the end of 2027.  With the U.S.-Israel war on Iran now in its fourth week, the airline industry is staring down its biggest disruption since the pandemic as the global oil market suffers…

Six of California’s 214 billionaires have been widely reported to have left the state in time to avoid a proposed 5% wealth tax — but that small cohort would have collectively generated $27 billion in tax revenue, roughly a fourth of the initiative’s projected $100 billion haul. Last November, panic erupted over the announcement of a proposed billionaire’s tax in…

The richest person in the world and the most well-known person leading the cause against creating more people like him have many differing views on taxing the ultrawealthy. But now, Elon Musk and Sen. Bernie Sanders, two men on opposite ends of the ideological spectrum, are using the same math to make opposite arguments for how much billionaires should be…

Until 1974, a single woman in the U.S. could not get a mortgage without a male co-signer. Just over 50 years later, a record-high share of single women own homes, and they are outpacing single men in the housing market by nearly two to one. It pays to be a single woman.  According to a new analysis from First American,…

Kevin O’Leary says the Gen Zers who shine the most are the ones who can get the job done—whether they’re in the office or not. O’Leary, the founder of venture capital investment platform O’Leary Ventures, said young people should focus on “executing” to be successful. The Shark Tank star, who has previously been critical of certain habits by younger people…