Fortune

“Back of the envelope calculations suggest that if China’s demand for crude in May were to be repeated in June, the ‘tipping point’ in the global oil market could be pushed back from June and into July.” https://bit.ly/4x12aTM

“The nation with the best data infrastructure will possess a decisive advantage in the next era of warfare. The U.S. cannot afford to lose that position.” https://bit.ly/4vqrgtP

High inflation, elevated interest rates, and soaring debt limit the ability of central banks and lawmakers to respond to downturns, according to El-Erian. “While the willingness to shield markets may endure, the capacity to do so is less.” https://bit.ly/3PUQwJs

Legions of students pursued engineering in college in hopes of hitting the hiring market as a hot commodity. But now, their prospects are falling flat among some major employers. Salesforce CEO Marc Benioff recently revealed that the $145 billion cloud-based platform is keeping its engineering headcount unchanged as AI generates bounds of productivity. And the recruitment freeze extends to many layers across the tech giant—except for sales. “We’re not hiring more engineers, we’re not hiring more GA [general and administrative roles], we’re mostly expanding only in one area,” Benioff recently said during a quarterly earnings call this Wednesday, adding that the company is “mostly growing in Miguel’s area: in sales.” Benioff noted that the number of engineers at Salesforce has stagnated for around two years, holding steady at around 15,000 staffers; last year, the CEO even announced the company would not hire any more engineers in 2025 due to AI gains. And yet Salesforce’s headcount has still ticked up thanks to one key area of growth: sales. Read more: https://lnkd.in/eAinHnx4

Instead of pinning survival on the whims of a corporate structure prone to layoffs, she said Gen Z often manages multiple streams of work simultaneously. This allows them to prioritize financial security over corporate loyalty. https://bit.ly/4uaZ5xZ

These boomers do not feel like they are hoarding. They feel like they followed the rules—buy, don’t rent; stay put once you lock in a good rate; work as long as you can—and are now being told that the compound effect of their choices looks, from the outside, like a crime. https://bit.ly/4dEA21b

“Dina has the biggest network of anyone I know.” Dina Powell McCormick was a close advisor to Ivanka Trump and Jared Kushner during President Trump’s first term, and she played a pivotal role in his first foreign trip, to the Middle East in May 2017; Powell McCormick was the only woman at the table during a high-profile meeting between the president and Saudi Arabia’s King Salman. She also has deep ties on Wall Street: JPMorgan Chase CEO Jamie Dimon has praised the Goldman Sachs veteran as a banker who had “more or better relationships than many big finance CEOs.” These connections are one of the reasons that Powell McCormick, who joined Meta full-time in January after a year on its board, is so valuable to the company at a time when it finds itself in need of an advocate in Washington who can get through to the current administration. 🔗 Read more in the latest issue of Fortune magazine: https://lnkd.in/eW_r-ceW

And after working as a lead carpenter for years, he shifted gears into product and real estate. Now, Panella buys homes, fixes them up, and rents or sells them, alongside his new development projects in California—and millions are tuning in to learn from his journey. https://bit.ly/4dVu36S

"The best investment I ever made was my first flat in London. I bought it at auction for £175,000, put down a 10% deposit split across two credit cards, and sold it four or five years later for around £350,000." https://bit.ly/3ScFmQQ

College graduates are turning their tassels and heading into a labor market upended by AI. Knowing how to prompt, vibe code, and work alongside AI agents have increasingly become an expectation—but AMD CEO Lisa Su says knowing how to use the tools isn’t enough. “The world does not just need people who know how to use powerful tools, it needs people who know what to use them for, people with a sense of purpose, judgment, courage,” Su recently told MIT’s class of 2026 graduates during her commencement address. “People who look at a hard problem and say ‘I know this is really, really important, and we can figure this out’” are the next change-makers, according to the semiconductor leader. Read more: https://lnkd.in/eXEEXyNx