"From corner offices to checkout lines, businesses are scrambling as shaky markets test prices, patience, and loyalty. Tech is still the flashpoint- AI is fueling record demand while doubling as cover for layoffs and financial gymnastics. IPOs are slowly coming back, but only for companies that can prove they've got the growth to back it up. Meanwhile, D.C. drama over tariffs and the Fed is shaking currencies, commodities, and investor confidence."
"A freh wave of cuts came this week at Oracle. The cuts expanded beyond 101 Seattle layoffs disclosed in state filings, with posts from Kansas, Massachusetts, and Texas suggesting a broader reduction. Anonymous boards noted that thousands were exiting company Slack, though Oracle hasn't confirmed totals. The belt-tightening contrasts with record stock highs and "astronomical" cloud/AI demand Larry Ellison touted. Translation: Oracle is racing to fund capacity while reshaping talent for its AI-first road map."
"Amazon is sunsetting the Invitee program that let members share shipping perks beyond their household. The replacement, Amazon Family, limits benefits to one co-adult plus up to four kids (and legacy teen accounts), consolidating broader Prime perks under one roof. The move mirrors streaming's crackdown on out-of-home sharing as Amazon chases higher paid conversion. Expect some churn-and clearer attribution on who's paying for what."
Businesses across sectors accelerated activity instead of slowing for Labor Day as shaky markets pressure prices, patience, and customer loyalty. Technology remained the central area of upheaval as AI drove record demand while also serving as justification for layoffs and complex financial moves. IPO activity resumed slowly, favoring firms with demonstrable growth trajectories. Political disputes over tariffs and Federal Reserve policy moved currencies, commodities, and investor sentiment. Consumers prioritized value, prompting retailers and restaurants to reuse familiar tactics to maintain spending. The housing market faced a surplus of unsold homes amid affordability challenges for buyers. Gold reached record highs, signaling elevated economic anxiety.
Read at Fast Company
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