Investors Look To Apple's WWDC For Guidance
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Millennials Are Bypassing Gen X To Succeed Boomers As CEOs Thanks To AI
New research finds that millennials' comfort level with artificial intelligence is helping them leapfrog Gen X in succeeding baby boomer CEOs. New Russell 3000 data shows Gen X-aged CEOs in their 50s now make up 43.4% of the total, down from 51.1% in 2017, Fortune reports. Baby boomers aged 60+ have risen from 35.1% to 41.5%, while millennial CEOs in their 30s and 40s have grown from 13.8% to 15.1% over the past eight years, according to the Conference Board and Esgauge. While Gen X still holds the largest share of CEO positions, research indicates that they're losing ground with baby boomers CEOs, who appear to be bypassing the next generation in favor of younger leaders. Experts credit this shift to the rise of AI in the workplace, with millennials bringing the digital expertise needed to guide the growing number of companies embracing advanced technology in their business strategies. Millennials are leading the charge in adapting to advanced tech in the workplace. Data shows about 50% of millennials use generative AI at work, compared to 34% of Gen X and just 19% of baby boomers. Millennials are also more optimistic about their potential, with 55% viewing AI-driven solutions positively, compared to 37% of Gen X and 36% of boomers. While many boomer CEOs are hesitant to adopt AI personally, they recognize it as the future and understand it will take adaptable leadership to guide companies forward. As a result, they're increasingly choosing younger millennials over Gen X counterparts to take their place in the C-suite. Millennials strike a balance due to their industry experience, having grown up with the internet, and a forward-thinking approach to AI in business. Gen Z is still too early in their careers, while Gen X tends to be more hesitant about the technology. Another factor has labeled Gen X professionals as the 'forgotten generation,' with boomers favoring millennial successors due to workplace ageism and the belief that Gen Xers are nearing retirement. About 22% of employees aged 40 and older report being overlooked for challenging assignments, while 16% have seen a pattern of younger staffers being promoted over them. Billion-dollar companies are paving the way, with giants like Red Lobster, Lime, and Kickstarter all naming millennials as CEOs in recent years. As older boomer leaders step down, millennials are poised to take the helm and guide the workforce into the future. RELATED CONTENT:
Yahoo
26 minutes ago
- Yahoo
Top Midday Stories: Trade Desk CEO Says Tariffs Impacting Key Clients; UK Regulator Approves Boeing's Acquisition of Spirit AeroSystems
All three major US stock indexes were up in late-morning trading Friday and are poised to secure a w Sign in to access your portfolio
Yahoo
26 minutes ago
- Yahoo
Crude Prices Pressured on Possible End to Russian-Ukraine War
September WTI crude oil (CLU25) today is down -0.30 (-0.47%), and September RBOB gasoline (RBU25) is down -0.014 (-0.07%). Crude oil and gasoline prices dropped to 2-month lows today after Bloomberg News reported that the US and Russia are looking to reach a deal on ending the war in Ukraine, which would keep the US from ratcheting up sanctions on Russian energy exports. Losses in crude are limited due to a weaker dollar and a rally in stocks, which shows confidence in the economic outlook that is supportive of energy demand. More News from Barchart Nat-Gas Prices Erase Early Gains as US Weather Forecasts Cool Possible End to the Russian-Ukraine War Weighs on Crude Prices Crude Prices Pressured by Possible End to the Russian-Ukraine War Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Crude prices are under pressure on the prospects of easing geopolitical risks after Bloomberg News reported that the US and Russia are aiming for a deal to end the war in Ukraine. Russia said it would halt its offensive in the Kherson and Zaporizhzhia regions of Ukraine along the current battlelines as part of the deal if Ukraine cedes its entire eastern Donbas area to Russia, as well as Crimea. The end of the war could boost global oil supplies as sanctions on Russian energy exports could be lifted, which would add crude supplies to the global market. Crude prices have moved higher after President Trump said last Monday that he would impose new tariffs on countries buying Russian energy unless Russia reaches a ceasefire with Ukraine by today. On Wednesday, President Trump doubled tariffs on Indian exports to 50% from 25% because of India's purchases of Russian crude. JPMorgan Chase warned that if enforced, oil markets would be unable to ignore the impact of triple-digit tariffs on Russian oil, given the significant scale of Russian exports and limited OPEC spare capacity, which could potentially lead to a supply shock. Concerns about a global oil supply glut are weighing on crude prices after OPEC+ on Sunday endorsed an additional 547,000 bpd increase in its crude production for September 1. OPEC+ is boosting output to reverse the 2-year-long production cut, gradually restoring a total of 2.2 million bpd of production by September 2026. After Sunday's meeting, the group said it will closely monitor demand and may maintain production levels, restart halted supplies, or reverse recent production increases. OPEC+ has 1.66 million bpd of supplies that are currently due to remain offline until late 2026. The International Energy Agency said inventories have been accumulating at a rate of 1 million bpd and that the global crude oil market faces a surplus by Q4-2025 equivalent to 1.5% of global crude consumption. OPEC July crude production fell -20,000 bpd to 28.31 million bpd. The European Union recently approved fresh sanctions on Russian oil due to its aggression against Ukraine. The sanctions package includes cutting off 20 more Russian banks from the international payments system SWIFT, as well as restrictions imposed on Russian petroleum refined in other countries. A large oil refinery in India, part-owned by Russia's Rosneft PJSC, was also blacklisted. Additionally, 105 more ships in Russia's shadow fleet were sanctioned, pushing the number of sanctioned ships above 400. A decline in crude oil held worldwide on tankers is bullish for oil prices. Vortexa reported Monday that crude oil stored on tankers that have been stationary for at least seven days fell by -15% w/w to 79.12 million bbl in the week ended August 1. Wednesday's weekly EIA report showed that (1) US crude oil inventories as of August 1 were -6.5% below the seasonal 5-year average, (2) gasoline inventories were -0.3% below the seasonal 5-year average, and (3) distillate inventories were -16.1% below the 5-year seasonal average. US crude oil production in the week ending August 1 fell -0.2% w/w to 13.284 million bpd, modestly below the record high of 13.631 million bpd posted in the week of 12/6/2024. Baker Hughes reported last Friday that the number of active US oil rigs in the week ending August 1 decreased by -5 rigs to a new 3.75-year low of 410 rigs. Over the past 2.5 years, the number of US oil rigs has fallen sharply from the 5.25-year high of 627 rigs reported in December 2022. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
