Author: Editor

There’s a new force that could push up inflation in the US once again: The Iran war. Loading audio narration… Oil prices passed $100 a barrel on Sunday after the effective closure of the Strait of Hormuz cut off crude shipments from the Persian Gulf. While prices dropped to around $85 a barrel on Tuesday after President Donald Trump signaled that he thought the war could soon end, ongoing volatility across markets indicates that fears of inflation are still high.Wall Street strategists have raised concerns about the impact on the broader US economy if oil prices stay elevated for too…

As artificial intelligence tools become embedded in everyday work, consultants are starting to worry about a cognitive side effect: People relying on them so heavily that their own thinking begins to splinter.Julie Bedard, a managing director at Boston Consulting Group and a coauthor of a recent study on the topic, said on the tech podcast Hard Fork on Friday that she’s “quite pessimistic” that humans will overcome the AI-induced phenomenon she called “brain fry” anytime soon.Bedard and her colleagues explored the phenomenon in a study published earlier this month in the Harvard Business Review, which surveyed 1,488 full-time US workers…

Larry and David Ellison are getting another shot to buy Warner Bros. Discovery.The media conglomerate announced Tuesday that it will let the Ellisons make another bid for the company over the next week, with two key stipulations: Their offer has to be more than $31 for each share of WBD, and it will be the last time the Ellisons get to make a formal pitch to the WBD board.WBD’s announcement reopens a deal that was theoretically closed last December, when it agreed to sell most of itself to Netflix in an $83 billion transaction.Since then, the Ellisons, who bought Paramount…