Category: 3. Business

  • AI could replace 3m low-skilled jobs in the UK by 2035, research finds | Artificial intelligence (AI)

    AI could replace 3m low-skilled jobs in the UK by 2035, research finds | Artificial intelligence (AI)

    Up to 3m low-skilled jobs could disappear in the UK by 2035 because of automation and AI, according to a report by a leading educational research charity.

    The jobs most at risk are those in occupations such as trades, machine operations and administrative roles, the National Foundation for Educational Research (NFER) said.

    Highly skilled professionals, on the other hand, were forecast to be more in demand as AI and technological advances increase workloads “at least in the short to medium term”. Overall, the report expects the UK economy to add 2.3m jobs by 2035, but unevenly distributed.

    The findings stand in contrast to other recent research suggesting AI will affect highly skilled, technical occupations such as software engineering and management consultancy more than trades and manual work.

    Research from King’s College published in October estimated that “higher-paying firms” suffered job losses of roughly 9.4% between 2021 and 2025, with much of this period falling after the release of ChatGPT in late 2022.

    The UK government lists management consultants, psychologists and legal professionals among the occupations “most exposed to AI”, whereas “sports players”, “roofers” and “bricklayers” are less likely to be replaced.

    Last week, the law firm Clifford Chance revealed it was laying off 10% of business services staff at its London base – about 50 roles – attributing the change partly to AI. The head of PwC also publicly walked back plans to hire 100,000 people between 2021 and 2026, saying “the world is different” and artificial intelligence had changed its hiring needs.

    Jude Hillary, one of the report’s authors, said that NFER’s work – which is based on longer-term economic modelling of the UK labour market – suggests predictions about AI-driven job losses may be premature.

    He suggested layoffs attributed to the uptake of AI may be driven by a sluggish UK economy, factors such as rising national insurance costs and employers being risk-averse.

    “There’s this general uncertainty about where things are going, how long it takes to improve. There’s lots of talk about AI and automation without any real substance about it. Lots of employers are worried about it,” Hillary said.

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    “And probably what’s happening is a lot of employers are just sitting tight, I would say.”

    Hillary said he expected the overall effects of AI on the UK workforce to be complex: increasing the demand for some professional roles; decreasing the demand for many entry-level roles; and eroding the demand for many lower-skilled professions. This latter, he said, was most concerning, as it would be difficult for people who lost lower-skilled jobs to reskill appropriately in a changing economy.

    “The additional jobs that we’re getting in the labour market tend to be professional and associate professionals … Displaced workers, the one to three million that we talk about in our report, face significant barriers to get back into the labour market,” he said.

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  • Myriad Genetics, Neogen, ICU Medical, HCA Healthcare, and Universal Health Services Stocks Trade Up, What You Need To Know

    Myriad Genetics, Neogen, ICU Medical, HCA Healthcare, and Universal Health Services Stocks Trade Up, What You Need To Know

    A number of stocks jumped in the afternoon session after reports revealed the Trump administration considered extending the Affordable Care Act (ACA) subsidies. These subsidies, which are government financial aids to help people pay for health insurance, are crucial for insurers as they maintain a stable customer base. An extension would ensure continued revenue for companies with significant exposure to the ACA marketplace. The news prompted a strong positive reaction from investors, with Centene (CNC) shares jumping as much as 8%, Molina Healthcare (MOH) rising over 3%, and Oscar Health (OSCR) soaring 18%. The potential for a two-year extension reduces regulatory uncertainty for the sector, which investors view as a significant positive for the industry’s outlook.

    The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

    Among others, the following stocks were impacted:

    Myriad Genetics’s shares are extremely volatile and have had 43 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

    The previous big move we wrote about was 3 days ago when the stock gained 7.2% on the news that comments from a key Federal Reserve official bolstered hopes for an interest rate cut. New York Federal Reserve President John Williams stated he sees “room for a further adjustment” in the near term, sparking a significant market rally. Following his remarks, the probability of the central bank cutting rates at its December meeting jumped from 39% to over 73%, according to the CME FedWatch tool. This positive sentiment provided relief to markets amid concerns over high valuations, particularly in AI-related stocks.

    Myriad Genetics is down 42.8% since the beginning of the year, and at $7.73 per share, it is trading 53.7% below its 52-week high of $16.69 from December 2024. Investors who bought $1,000 worth of Myriad Genetics’s shares 5 years ago would now be looking at an investment worth $424.22.

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  • What’s likely to move the market in the next trading session

    What’s likely to move the market in the next trading session

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  • Topgolf Callaway Brands to Participate in Jefferies Virtual Fireside Chat

    Topgolf Callaway Brands to Participate in Jefferies Virtual Fireside Chat

    CARLSBAD, Calif., Nov. 24, 2025 /PRNewswire/ — Topgolf Callaway Brands Corp. (the “Company” or “Topgolf Callaway Brands”) (NYSE: MODG) today announced that President and Chief Executive Officer Chip Brewer will participate in a virtual fireside chat hosted by Jefferies analyst Randy Konik on November 25 at 9:00 a.m. PT.

    An accompanying deck will be posted to our investor relations website under webcasts & presentations prior to the event and a replay of the meeting will be available on the same page approximately two hours after the conclusion of the event.

    About Topgolf Callaway Brands
    Topgolf Callaway Brands Corp. (NYSE: MODG) is an unrivaled tech-enabled Modern Golf and active lifestyle company delivering leading golf equipment, apparel, and entertainment, with a portfolio of global brands including Topgolf, Callaway Golf, TravisMathew, Toptracer, Odyssey, and OGIO. “Modern Golf” is the dynamic and inclusive ecosystem that includes both on-course and off-course golf. For more information, please visit https://www.topgolfcallawaybrands.com/.

    Investor Contact
    Katina Metzidakis
    [email protected] 

    SOURCE Topgolf Callaway Brands Corp.

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  • Driven Brands, Benchmark, Amentum, Hewlett Packard Enterprise, and Magnite Stocks Trade Up, What You Need To Know

    Driven Brands, Benchmark, Amentum, Hewlett Packard Enterprise, and Magnite Stocks Trade Up, What You Need To Know

    A number of stocks jumped in the afternoon session after renewed enthusiasm for Alphabet reinvigorated the artificial intelligence trade, propelling a market rebound heading into the Thanksgiving holiday. The Nasdaq index jumped 2.6% and the S&P 500 gained 1.6%, driven by a 5% rally in Alphabet following the announcement of its upgraded Gemini 3 AI model. This optimism spilled over into the broader tech sector, lifting shares of Broadcom, Micron, and Palantir significantly. The rally built on momentum from the previous trading session, sparked by the New York Fed president keeping the door open for a December interest rate cut.

    The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

    Among others, the following stocks were impacted:

    Magnite’s shares are extremely volatile and have had 39 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

    The previous big move we wrote about was 3 days ago when the stock gained 8.2% on the news that comments from a key Federal Reserve official hinted at a potential interest rate cut in December. John Williams, president of the Federal Reserve Bank of New York, signaled he was open to lowering the fed funds rate—the key interest rate that banks charge each other for overnight loans—to support the job market. Speaking at an event, Williams stated that he sees “room for a further adjustment” for interest rates, which immediately shifted market expectations. Following his remarks, the perceived likelihood of an interest rate cut at the Federal Reserve’s December meeting flipped from unlikely to more likely than not. The prospect of lower borrowing costs sent a wave of optimism through the markets, leading to a rally in major indices like the S&P 500, Dow Jones Industrial Average, and the Nasdaq Composite.

    Magnite is down 8.4% since the beginning of the year, and at $14.74 per share, it is trading 44.4% below its 52-week high of $26.52 from August 2025. Investors who bought $1,000 worth of Magnite’s shares 5 years ago would now be looking at an investment worth $831.36.

    The 1999 book Gorilla Game predicted Microsoft and Apple would dominate tech before it happened. Its thesis? Identify the platform winners early. Today, enterprise software companies embedding generative AI are becoming the new gorillas. Click here for access to our special report that reveals one profitable leader already riding this wave.

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  • AI, tech recovery, Nikkei 225, Hang Seng Index

    AI, tech recovery, Nikkei 225, Hang Seng Index

    SHANGHAI, CHINA – MARCH 01: Skyscrapers stand at the Pudong Lujiazui Financial District on March 1, 2022 in Shanghai, China.

    Xiao Yang | Visual China Group | Getty Images

    Asia-Pacific markets opened higher Tuesday, after Wall Street’s tech stocks rebounded on a rally in Google parent  and hopes of a Fed rate cut.

    Optimism about Alphabet’s standing in the AI race started last week after the tech giant announced its upgraded AI model, Gemini 3. The stock closed 6.31% higher Monday. Other AI-related stocks, such as Broadcom and Micron Technology, also popped higher, building on a wider rebound that started on Friday, when the head of the New York Federal Reserve left the door open to a December interest rate cut.

    Japan’s benchmark Nikkei 225 index climbed 1.14% in early trading, while the Topix index advanced 0.7%.

    AI-related stocks were among the top gainers on the Nikkei 225, with semiconductor testing equipment supplier Advantest trading 4.8% higher and chip equipment maker Lasertec adding 2.75%. Tokyo Electron, which provides essential chipmaking equipment to foundries that manufacture Nvidia’s chips, gained 2.39%.

    South Korea’s Kospi index jumped 2.39%, and the small-cap Kosdaq moved up 1.7%. Index heavyweights SK Hynix and Samsung Electronics were up as much as 5% and 4%, respectively.

    Australia’s ASX/S&P 200 pared early gains to hover above the flatline.

    Hong Kong’s Hang Seng Index rose 1% in early trading, and the Hang Seng Tech index advanced 1.74%. The mainland’s CSI 300 was up 0.53%.

    U.S. equity futures were little changed in early Asian hours.

    Overnight, the S&P 500 rose 1.55% to close at 6,705.12, while the Nasdaq Composite jumped 2.69% to settle at 22,872.01. It was the tech-heavy index’s best day since May 12, when it rose 4.35%. The Dow Jones Industrial Average climbed 202.86 points, or 0.44%, to end at 46,448.27.

    — CNBC’s Sean Conlon and Yun Li contributed to this report.

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  • Hyundai Motor Group and Michelin Partner to Accelerate Next-Generation Tire Technologies for Future Mobility

    Hyundai Motor Group and Michelin Partner to Accelerate Next-Generation Tire Technologies for Future Mobility

    Jihyun Park
    pjh85@hyundai.com
    Global PR Strategy & Planning · Hyundai Motor Company

    Disclaimer: Hyundai Motor Group believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.

    About Hyundai Motor Group

    Hyundai Motor Group is a global enterprise that has created a value chain based on mobility, steel, and construction, as well as logistics, finance, IT, and service. With about 250,000 employees worldwide, the Group’s mobility brands include Hyundai, Kia, and Genesis. Armed with creative thinking, cooperative communication and the will to take on any challenges, we strive to create a better future for all.

    More information about Hyundai Motor and its products can be found at:

    http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai , Kia Global Media Center (kianewscenter.com) , Genesis Global Newsroom


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  • Alphabet’s Gemini poses a serious threat to OpenAI’s ChatGPT, Jim Cramer says

    Alphabet’s Gemini poses a serious threat to OpenAI’s ChatGPT, Jim Cramer says

    CNBC’s Jim Cramer explained why he thinks Alphabet‘s new iteration of its artificial intelligence platform, Gemini, could seriously challenge the dominance of OpenAI’s ChatGPT.

    “We have to recognize that Gemini’s the biggest threat to ChatGPT we’ve seen so far. There’s simply no two ways about it — Gemini’s existential for OpenAI,” he said. “The company, the emperor, better have…something to strike back, because otherwise the narrative will be that OpenAI has no clothes.”

    Alphabet announced its new Gemini model last week. Cramer praised the new version and said some on Wall Street are excited about it — noting that Salesforce‘s Marc Benioff said he prefers the new Gemini to ChatGPT.

    Usually, Cramer said Alphabet’s announcement wouldn’t cause a huge upset — but the stakes in this business are huge, mentioning the huge amounts of money involved. Alphabet has an edge over other ChatGPT challengers because it’s been able to integrate Gemini with its Google platform, Cramer continued.

    Slower OpenAI user growth would be a problem for both the company and its business partners, Cramer said. He pointed out that OpenAI has committed to spending about $1 trillion and it needs to keep growing rapidly in order to raise that money.

    Cramer stressed that he wouldn’t completely write off OpenAI, saying it’s possible the company has a “revolutionary version of its own product” in the works. He also said the Gemini news isn’t necessarily terrible for Oracle, one of OpenAI’s major partners, because the data center builder has the ability to attract other customers and “doesn’t just live or die depending on OpenAI.”

    “Still, if your business is hanging on ChatGPT, it just became more precarious,” Cramer said.

    Alphabet and OpenAI did not immediately respond to request for comment.

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  • Stock market today: Live updates

    Stock market today: Live updates

    Traders work on the floor of American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Monday, Nov. 24, 2025.

    Michael Nagle | Bloomberg | Getty Images

    Stock futures are little changed Monday night after major U.S. averages rebounded, driven by strength in the artificial intelligence trade and renewed hopes of a Federal Reserve interest rate cut.

    Futures tied to the Dow Jones Industrial Average added 4 points, or less than 0.1%. S&P futures rose nearly 0.1%, while Nasdaq 100 futures rose more than 0.1%.

    Stocks posted strong gains across the board on Monday, starting a shortened trading week off strong. The S&P 500 in the previous session gained almost 1.6%. The Nasdaq Composite jumped 2.7% and recorded its best day since May 12 as major tech names rebounded after what’s been a tough month for the sector. The Dow Jones Industrial Average closed higher by nearly 203 points, or 0.4%, meanwhile.

    Google parent Alphabet was the outperformer of the “Magnificent Seven” group by a large margin, ending the day 6.3% higher. Chipmaker Broadcom was the S&P 500’s biggest gainer after the stock surged more than 11%. Investors have rallied behind both companies, which are related through their high-performance, application-specific chips, or ASICs, businesses. Nvidia — which has lost about 10% this month even after reassuring investors about strong AI demand — gained about 2%.

    Although stocks attempted a slight recovery from the sell-off from the previous week, the three U.S. indexes are still tracking for a losing month. AI stocks have been responsible for much of this year’s gains, and investors are questioning tech stock valuations and whether the market will see a year-end rally or a reversal in momentum.

    The S&P 500 is down about 2% in November, while the Nasdaq has lost 3.6%. The 30-stock Dow has shed 2.3% month to date.

    “You saw a lot of that washout, and it really started at the end of October as we had some liquidity that came out of out of the market,” Abby Yoder, U.S. equity strategist at JPMorgan Private Bank, said Monday on CNBC’s “Closing Bell” referring to the recent pullback.

    “But within this technical-driven move in terms of the AI and tech-related names, you still had this really solid fundamental backdrop in terms of the AI story and the AI spending story,” Yoder continued. “Now, I think going forward, it sets up nicely as we head into the end of the year, but I think there’s going to be a little bit more of a discerning eye.”

    Separately, traders continue to watch for any news that can affect the Federal Reserve’s upcoming monetary policy decision. Markets are pricing in a more than 80% chance of a quarter percentage point cut from the Fed in December, per the CME FedWatch Tool. The probability has soared since New York Fed President John Williams said on Friday that there was room to lower rates “in the near term.” San Francisco Fed President Mary Daly told the Wall Street Journal on Monday that she supports lowering rates due to labor market concerns.

    The stock market is closed on Thursday for Thanksgiving Day, and it shuts down early at 1 p.m. ET on Friday.

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  • Porsche Cayenne Electric makes public debut at Icons of Porsche

    Porsche Cayenne Electric makes public debut at Icons of Porsche

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