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Dow Jones Futures Fall, Oil Jumps On Israel-Iran News; The Next AI Winners After Nvidia, Broadcom?

Dow Jones Futures Fall, Oil Jumps On Israel-Iran News; The Next AI Winners After Nvidia, Broadcom?

Yahoo7 hours ago

Israel has expanded its targets to include Iran energy assets. Will these AI stocks follow Nvidia, Broadcom higher?

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Your boss is probably using AI more than you
Your boss is probably using AI more than you

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Your boss is probably using AI more than you

Leaders use AI around twice as much as individual contributors, a new Gallup Poll finds. Gallup data indicates AI adoption has risen, especially in white-collar roles, with tech leading at 50%. 16% of employees surveyed who use AI "strongly agree" that AI tools provided by their company are useful. There's a good chance your boss is using AI more than you. Leaders are adopting AI at nearly double the rate of individual contributors, a new Gallup poll released Monday indicates. The survey found that 33% of leaders, or those who identified as "managers of managers," use AI frequently, meaning a few times a week or more, compared to 16% of individual contributors. Gallup's chief scientist for workplace management and wellbeing, Jim Harter, told Business Insider that leaders are likely feeling added pressure to think about AI and how it can increase efficiency and effectiveness. "There's probably more leaders experimenting with it because they see the urgency and they see it as a competitive threat potentially," Harter said. The data point was one of several findings from Gallup's survey on AI adoption in the workplace, including: The number of US employees who use AI at work at least a few times a year has increased from 21% to 40% in the past two years Frequent AI use increased from 11% to 19% since 2023 Daily use of AI doubled in the past year from 4% to 8% 15% of employees surveyed said it was "very or somewhat likely that automation, robots, or AI" would eliminate their jobs in a five-year period 44% of employees said their company has started to integrate AI, but only 22% say their company shared a plan or strategy 30% of employees said their company has "general guidelines or formal policies" in place for using AI at work 16% of the employees who use AI "strongly agree" that AI tools provided by their company are helpful for their job While AI adoption has increased overall in the last two years, that increase isn't evenly distributed across industries. The Gallup report said that AI adoption "increased primarily for white-collar roles," with 27% surveyed now saying they use AI frequently on the job, a 12% increase from last year. Among white-collar workers, frequent AI is most common in the tech industry, at 50%, according to the survey, followed by professional services at 34%, and finance at 32%. Meanwhile, frequent AI use among production and front-line workers has dropped from 11% in 2023 to 9% this year, according to Gallup's polling. Concerns that AI will eliminate jobs have also not increased overall in the last two years, but the report indicated that employees in industries like technology, retail, and finance are more likely than others to believe AI will one day take their jobs. The most common challenge with AI adoption, according to those surveyed, is "unclear use case or value proposition," suggesting that companies may not providing clear guidance. The report said that when employees say they "strongly agree" that leadership has shared a clear plan for using AI, they're three times as likely to feel "very prepared to work with AI" and 2.6 times as likely to feel comfortable using it at work. "In some cases, you've got to have the training to be able to use AI as a complement with other text analytic tools that are more precise," Gallup's Harter told BI. Harter said that while organizations are increasingly developing plans around AI usage, "there's still a long way to go," and it may not be a one-and-done approach. "They're going to have to continue to be trained in how to use it because it's going to evolve itself," Harter said. Read the original article on Business Insider

Asian shares are mixed and oil prices advance as Israel-Iran crisis escalates
Asian shares are mixed and oil prices advance as Israel-Iran crisis escalates

Yahoo

time23 minutes ago

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Asian shares are mixed and oil prices advance as Israel-Iran crisis escalates

HONG KONG (AP) — Asian shares were mixed on Monday and oil prices extended gains on worries that escalating Iran-Israel tensions could disrupt the flow of crude around the world. U.S. benchmark crude oil added 20 cents to $73.18 per barrel. Brent crude, the international standard, gained 95 cents to $75.18 per barrel. In share trading, Tokyo's Nikkei 225 added 1.3% to 38,307.74, while the Kospi in Seoul gained 0.9% to 2,920.57. Chinese markets were little changed after data for May showed stronger consumer spending but weaker factory activity and investment. A 6.1% year-on-year jump in retail sales was offset but lower than expected growth in industrial output, which rose 5.8% from a year earlier. Hong Kong's Hang Seng fell 0.1% to 23,864.20 and the Shanghai Composite Index added less than 0.1% to 3,378.78. Australia's S&P/ASX 200 fell 0.2% to 8,547.40. On Friday, oil prices jumped and stocks slumped after Israel's attack on Iranian nuclear and military targets. The S&P 500 sank 1.1% to 5,976.97. The Dow Jones Industrial Average dropped 1.8% to 42,197.79, and the Nasdaq composite lost 1.3% to 19,406.83. The strongest action was in the oil market, where the price of a barrel of benchmark U.S. crude and Brent crude, the international standard surged more than 7%. Iran is one of the world's major producers of oil, though sanctions by Western countries have limited its sales. If a wider war erupts, it could slow the flow of Iran's oil to its customers and keep the price of crude and gasoline higher for everyone worldwide. Beyond the oil coming from Iran, analysts also pointed to the potential for disruptions in the Strait of Hormuz, a relatively narrow waterway off Iran's coast. Much of the world's oil that's been pulled from the ground moves through it on ships. Companies that use a lot of fuel as part of their business and need their customers feeling confident enough to travel suffered some of the sharpest losses. Cruise operator Carnival dropped 4.9%. United Airlines sank 4.4%, and Norwegian Cruise Line Holdings fell 5%. They helped overshadow gains for U.S. oil producers and other companies that could benefit from increased fighting between Israel and Iran. Exxon Mobil rose 2.2%, and ConocoPhillips gained 2.4% because the leaping price of crude portends bigger profits for them. Contractors that make weapons and defense equipment also rallied. Lockheed Martin, Northrop Grumman and RTX all rose more than 3%. The price of gold climbed as investors searched for safer places to park their cash. An ounce of gold added 1.4% on Friday and was holding steady early Monday. Prices for Treasury bonds will likewise rise when investors are feeling nervous, but Treasury prices fell Friday, which in turn pushed up their yields, in part because of worries that a spike in oil prices could drive inflation higher. Inflation has remained relatively tame recently, and it's near the Federal Reserve's target of 2%, but worries are high that it could be set to accelerate because of President Donald Trump's tariffs. A better-than-expected report Friday on sentiment among U.S. consumers also helped drive yields higher. The preliminary report from the University of Michigan said sentiment improved for the first time in six months after Trump put many of his tariffs on pause, while U.S. consumers' expectations for coming inflation eased. On Wall Street, Adobe fell 5.3% even though the company behind Photoshop reported a stronger profit for the latest quarter than Wall Street expected. Analysts called it a solid performance but said investors may have been looking for some bigger revenue forecasts for the upcoming year. In currency trading early Monday, the U.S. dollar gained to 144.37 Japanese yen from 144.03 yen. The euro rose to $1.1537 from $1.1533. Sign in to access your portfolio

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