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Nestle will cut 16,000 jobs, new CEO Philipp Navratil said on Thursday, as the world’s largest packaged food company seeks to cut costs and win back investor confidence. The jobs being cut represent 5.8% of Nestle’s around 277,000 employees. Navratil said Nestle had raised its cost savings target to 3 billion Swiss francs ($3.77 billion) from 2.5 billion francs by the end of 2027. U.S. import tariffs are a headwind for Nestle, despite the bulk of the company’s U.S. sales being manufactured locally, while food producers across the board are grappling with fragile consumer confidence and changing habits as people seek to eat more healthily. “The world is changin…

It’s a familiar frustration: You miss your connection because of a delayed flight. The line at the customer assistance desk is 30 people deep. The airline app offers little help, and the call center puts you on hold for half an hour. Will you ever escape Newark Liberty International Airport (EWR)? Enter Hopper Technology Solutions (HTS) Assist, a new generative AI travel agent that helps customers with post-booking travel questions, changes, and disruptions. HTS assist was built by Hopper, the mobile-only travel-booking platform that’s known for its intuitive, user-friendly interface and for predicting flight prices with near-flawless accuracy and pinging users when i…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. As ResiClub has closely documented, Florida has been the epicenter of U.S. housing market weakness in 2025. However, KB Home executives now believe the worst may be behind them—at least for their business—in the Sunshine State. While giant homebuilder KB Home—which has a $4.3 billion market capitalization—isn’t ready to call it an inflection point for the entire state, it believes its price cuts in Florida were more than sufficient to stabilize demand for its business. In fact, it may have cut too deeply in Florida and could now need to raise pri…

TikTok has been abuzz with the workplace trend “task-masking”—that is, making yourself look busy so that your boss thinks you’re hard at work. Cue behaviors like pounding hard on the keyboard, always keeping your status to “active,” or walking around the office with your laptop and looking like you have somewhere to be when you don’t. “It’s all show. It’s all performance,” one TikTok user posted. “They could be typing a thousand words a minute, but really be typing nothing,” posted another. Some argue that it’s backlash against return-to-office policies: “Many of these employees, especially Gen Z, feel like their presence doesn’t equal productivity,” a TikTok user sa…

Americans know AI runs on electricity — and they’re starting to realize they’re the ones paying for it. A recent nationwide survey of more than 1,400 U.S. households found that two-thirds of Americans believe AI is already driving up their power bills, and most said they can’t afford more than a $20 monthly increase. They’re right to be worried. As tech companies pour hundreds of billions into new data centers, the surge in electricity demand is rewriting the economics of the grid — and households are footing the bill for an “AI power tax” they never voted for. The frustrating truth is that this isn’t about running out of power. As prices keep rising and politicians …

In the early days of the internet, collectors traded rare whiskey and wine on eBay alongside Beanie Babies and vintage sneakers. But then, in 1999, six months after closing down firearm sales, eBay announced they would ban the sale of alcohol and tobacco products as well. “As a general rule, these laws are just so complex and contradictory, that we just decided that in the best interest of our users to prevent that situation from ever occurring,” then-spokesman Kevin Pursglove said. More than 25 years later and almost a century after the end of Prohibition, the regulatory environment is no less forgiving, and the resale of spirits online has been scattered acros…

If you ask New Yorkers on the street what they think about the giant, controversial print ad campaign in the NYC subway system, their initial response might be, “Which one?” In the past two months alone, not one, but two ad campaigns fitting that description have appeared on the subway. The first debuted in late September, when Friend, an AI company billed as a portable “companion,” ran a $1 million print campaign featuring a variety of servile messages like, “I’ll never leave dirty dishes in the sink.” The campaign received massive criticism, to the point that the MTA was forced to continuously remove Friend’s vandalized ads. In an interview with Fast Company, Frien…

We’re at a rare inflection point. Robots are moving from research labs and factory floors into everyday life. Right now, they’re being dropped into human spaces and, often, missing the mark. Yet embodied AI is becoming more intelligent, manipulation more capable, and perception more attuned. These shifts are giving robotics a new expressive range, the ability to move, interact, and take shape in ways that feel natural in human environments. It’s a moment full of possibility. Currently, people see robots as humanoid helpers or robotic arms, but we don’t have to be limited to these. They represent only a small slice of a much broader category of intelligent and autonomo…

When asked, 88% of Americans will say they’re above average drivers. In the ability to get along with others, 25% of students rate themselves in the top 1%. When couples are asked to estimate their individual contributions to household work, the combined total routinely exceeds 100%. These are all statistical impossibilities. They’re also great examples of how we’re predisposed to overrate our abilities and contributions. As an aspiring CEO candidate, it’s important to have the humility to recognize your inherent, self-serving bias and counteract it through the following steps: Objectively assess your capabilities versus what’s needed Fill your skill gaps and gaug…

David Temkin was driving south from San Francisco, down Highway 101, as billboard after billboard pitched AI in variations of dense word salad. One ad marketed “automated testing compliance done without command shift.” Another promised “safer schools with instant visitors screening.” All of them marketed tech companies, but to whom and for what was obscure—even for tech insiders like Temkin. “It is absolutely absurd,” Temkin tells Fast Company. “Some of these are absolutely impenetrable. Like, what are they even talking about? It makes me wonder what the intention is.” The Silicon Valley veteran has lived through plenty of change, watching firsthand as the tech wo…

When you type a question into an AI search engine like ChatGPT or Google AI Mode and it comes up with an answer, that information comes from somewhere. Scouring the web for content that’s contextually relevant to the asker, it typically assembles an answer based on several different sources, interpreted through the lens of its training data and system prompt. The fight over being one of those sources is the new game of online discovery that’s replacing SEO. Typically called GEO or AEO for generative/answer engine optimization, the field is nascent, and the rules, best practices, and even the benefits aren’t entirely clear. There’s one thing everyone agrees on, though:…

A few years ago, I read an article that changed how I think about bourbon. It wasn’t about distilling or aging. It was about bread. Bread Is Broken by Ferris Jabr explores how modern industrial farming stripped grains of their flavor and nutritional value in exchange for higher yield, longer shelf life, and cost efficiency. As I read, I kept wondering if flavor has been lost in wheat; what does that mean for the wheat in our whisky? So, I called Dr. David Van Sanford, a wheat breeder at the University of Kentucky, to ask if anyone had studied how farming practices impact flavor. He paused and said, “You’re the first person who’s ever asked me that.” That one q…

Early in my career, a boss encouraged me to leave a stable operations role for a position in sales. They noticed my natural persuasiveness in communication and approach to problems, skills they believed could translate into success in a completely different discipline. It felt like a gamble. I was trading a steady income for compensation directly tied to performance and sales volume. And, I would be venturing into a role where I had no prior experience. But I ultimately took the leap, and that shift changed the entire trajectory of my career. That experience taught me to embrace discomfort and trust in my capacity to grow. It also revealed something fundamental …

This Sunday’s full moon, or “big cheese,” as it’s sometimes called, comes with a side of queso and chips. Fast-casual restaurant chain Qdoba is offering stargazers a free 4-ounce serving of its signature 3-Cheese Queso or Queso Diablo and chips all day on February 1, according to a press release. The deal is available for Qdoba Rewards members with the purchase of a full-size entrée in-restaurant, online at Qdoba.com, and through the Qdoba mobile app. No telescope is required. “The moon may not really be made of cheese, but we think a free side of our creamy, cheesy queso and tortilla chips—seasoned with salt and lime—is the next best thing,” Qdoba’s chief marketi…

When David Dominé moved to Louisville, Kentucky, for law school in the 1990s, he was captivated by the historic district of Old Louisville, lined with stately Victorian mansions. After he bought a reputedly haunted home in the neighborhood—and had “some strange things happen” there—he began researching the ghost stories told in the area. That led Dominé to write books about the community’s legendary hauntings. Soon, reader interest convinced him to offer tours, leading to a business he calls Louisville Historic Tours. Dominé’s company now has about nine tour guides, mostly people interested in local history. Many live in the neighborhoods where they give tours. “We s…

Last week, four Condé Nast staffers were abruptly fired after participating in a union protest at the publisher’s 1 World Trade Center headquarters. The journalists had confronted chief people officer Stan Duncan outside his office, demanding answers on a fresh wave of layoffs that had just hit the company. The incident followed Condé Nast’s announcement that Teen Vogue would be folded into Vogue.com, resulting in multiple layoffs, including Teen Vogue’s editor-in-chief. Footage obtained by The Wrap shows Duncan declining to engage with employees, instead repeating that they should “go back to the workplace.” In the clip, one of the journalists asks, “What c…

Thanksgiving is behind us, which means the holiday shopping season has officially begun. And that means that both companies and third-party retailers will spend every day between now and Christmas morning trying to get you to spend your consumer dollars with them. As in years past, one of the most sought-after gifts will be the smartphone. According to an analysis last month by global marketing research firm NielsenIQ, 37% of shoppers buying tech this season have smartphones on their list. And when it comes to smartphone brands, Apple tops tech buyer preferences, with 54% of those surveyed looking to buy an iPhone. But as anyone who knows Apple well knows, the com…

AI is rapidly changing the world around us, from the way we engage online to how we work. But while the technology is able to complete an astonishing number of tasks, humans are far from obsolete. A new report from McKinsey is shining light on why humans are still essential. According to the report, roughly 57% of work hours can be automated. Meanwhile, 70% of the skills employers look for can be used for both automated work and nonautomated work. This means over the next five years, humans will have to adjust their work habits to make room for automation. McKinsey designed an index to assess how automation will impact each skill used in the workplace today. Acc…

Shares in CoreWeave Inc are sinking this morning after the company revealed its third-quarter 2025 results yesterday. While the New Jersey-based AI infrastructure firm more than doubled its revenue from the same quarter a year earlier, it also revised down its full fiscal 2025 forecast, sending its stock price tumbling. Here’s what you need to know. What’s happened? Yesterday, AI infrastructure company CoreWeave announced financial results for its Q3 2025, which ended on September 30. There was some good news for the quarter, including revenue of nearly $1.4 billion (up 134% year over year) and a revenue backlog of $55.6 billion (up 271% YoY). Revenu…

The fintech industry has spent the last decade obsessing over seamless experiences and bringing financial products inside the tools that consumers were already hooked on. Instant approvals, one-click funding, and frictionless onboarding became the benchmarks of success. And for good reason; they removed friction that had frustrated their customers for generations. But here’s what we’re learning as embedded finance matures: The consumers and businesses that use embedded financial products repeatedly and stay loyal to their platforms are not just staying for the technology and platform. They’re staying because when they need it, they’re able to get help from people who …

The Free Application for Federal Student Aid for the 2026-27 school year has officially opened. Despite the U.S. government shutdown, the Education Department will continue to process the FAFSA. If you plan to attend college next year, Jill Desjean, director of policy analysis at The National Association of Student Financial Aid Administrators, recommends that you fill it out as soon as you can. If it’s your first time applying, here’s what you need to know: How does the FAFSA work? The FAFSA is a free government application that uses students’ and their families’ financial information to determine whether they can get financial aid from the federal gov…

One of the giants of the gaming business has tumbled off a cliff. Ubisoft, the French game publisher best known for the Assassin’s Creed series, just announced plans to dramatically reorganize its business. In the process, the company will kill six games it had in the works, including a long-awaited Prince of Persia title that was expected this month. Ubisoft shares dropped by more than 30% following the news. The game publisher said the changes are designed to make it more agile in order to drive a “sharp rebound” for the company, which has seen its stock tank over the last five years. To chart that course, Ubisoft said it will selectively close the game studios…