New Zealand Dollar rises as weaker US jobs data hit US Dollar

NZD/USD trades around 0.5710 at the time of writing on Friday, up 0.21% on the day, supported by improved risk sentiment and a weaker US Dollar (USD) following a softer-than-expected US employment report. US financial markets remain closed on Friday in observance of Independence Day, which could keep trading volumes…

A top Goldman Sachs economist says AI will displace the jobs of 15 million US workers

AI is coming for millions of American jobs, but that doesn’t mean the work will disappear for good.Joseph Briggs, who leads the global economics team at Goldman Sachs Research, said on a recent episode of the bank’s “Exchanges” podcast that he expects about 9% of the US workforce to be displaced as AI is adopted across the economy.”9% of workers being displaced by AI would correspond to 15 million workers,” Briggs said, comparing the scale…

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Microsoft layoffs could affect 4% of its workforce next week

Microsoft is expected to lay off up to 2.5% of its workforce as early as next week.  The cuts, which could affect 5,000 employees, may impact sales, consulting and the Xbox gaming unit, according to a report from Business Insider Tuesday. The layoffs would mark the latest round of restructuring in…

Markets

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Instacart’s Laura Jones Celebrates Their First Win at Cannes Lions

When Instacart’s CMO, Laura Jones, joined CMO Insider for an interview at the 2026 Cannes Lions Festival, she was celebrating the brand’s first ever Lions awards.Instacart’s “Bananas” campaign, which included a Super Bowl commercial starring Ben Stiller and Benson Boone, and directed by Spike Jonze, won a Silver Lion and…

Investing

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