Tag: North America

Wells Fargo Chief Executive Officer Charlie Scharf said on Thursday that the U.S. lender may lose $2 billion to $3 billion on its commercial real estate office loan portfolio.  “We’ve ...

Upwork, the Bay Area tech firm connecting freelancers with jobs, is laying off 21% of its workforce, affecting at least 160 employees based on its reported 800 staff at the ...

Banks have been tweaking the terms of commercial real estate mortgages to obscure losses, and in delaying the day of reckoning, are increasing risks to the broader financial system, a ...

Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg’s plan to shore up ...

Chipotle Mexican Grill is partnering with Paradox to implement AI-driven hiring across its restaurants. The initiative introduces a virtual assistant, “Ava Cado,” to streamline the recruitment process, potentially reducing hiring ...

CVS Health last week named as CEO a tried-and-tested company veteran, the latest in a handful of firms this year that have turned to an experienced executive to take the ...

Global employers reported a fall in white-collar vacancies in September, a survey showed on Tuesday citing factors including the upcoming election in the United States, uncertainty around tax rises in ...

Facebook owner Meta said on Friday it was releasing a batch of new AI models from its research division, including a “Self-Taught Evaluator” that may offer a path toward less ...

IBM released the latest version of its artificial intelligence models catered towards businesses on Monday, looking to capitalize on the surge in enterprises adopting generative AI technology. “Granite 3.0” models ...

Boeing's shares rose 4% on Monday on hopes of an end to a crippling strike, although analysts expressed doubts that the proposed labor contract unveiled over the weekend would muster ...