Jamie Dimon says “life will be better” with AI, but notes risks for workers

JPMorgan CEO Jamie Dimon thinks artificial intelligence will vastly improve people’s lives, predicting 3-and-a-half day work weeks and cures for cancer. But he also said the technology could disrupt the labor market, requiring public-private approaches for retraining workers. “I believe that 30 years from now… your kids are probably working three and a half days …

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Will the Iran war slow U.S. hiring? Economists say risks are rising.

The Iran was is adding fresh pressure to a slowing U.S. labor market, with at least one major employer already freezing hiring plans. Consumer goods giant Unilever, which owns brands such as Dove and Vaseline, told CBS News on Tuesday that it’s hitting the brakes on hiring amid an unstable economic backdrop. In a memo …

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Hershey says it will shift back to classic Reese’s recipe after backlash

Hershey said Wednesday it will use classic recipes for all Reese’s products starting next year, a change that comes after the grandson of Reese’s founder criticized the company for shifting to cheaper ingredients. Reese’s Peanut Butter Cups have always been made with real milk chocolate or dark chocolate and peanut butter. But a small portion …

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How much will $18,000 earn in a CD this year (and is it worth opening)?

Savers should carefully calculate their interest earnings before depositing $18,000 into a CD account now. Getty Images/iStockphoto While it may be tempting to open a certificate of deposit (CD) account with a large, round number, the reality is that all of your money needs protection right now. And, if you can grow that money with …

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New COVID-19 variant called “Cicada” is on the rise. Here’s what to know.

“Cicada” is trending, but not because it’s the season for the noisy insects to appear. The Centers for Disease Control and Prevention and the World Health Organization are both monitoring a COVID-19 variant called BA.3.2, which is nicknamed “Cicada.” Where is it? BA.3.2 was first identified in November 2024 and has since spread to at …

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5 things to know about the senior tax deduction before April 15

A new senior tax deduction comes with income limits, filing restrictions and other requirements to be aware of. Elena Zaretskaya/Getty Images Tax season often carries a distinct financial weight for older Americans. Fixed incomes, Social Security benefitsretirement distributions and rising healthcare costs all factor into a filing picture that looks very different at 70 than …

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