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   News alert: The truth about AI and jobs
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   What's really happening
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               <a data-linktext="AI isn't taking people's jobs. Here's what's really happening" data-linktype="Normal" style="color:#168DD9;" target="_blank">
                AI isn't taking 
people's jobs. Here's what's really happening
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              Oracle's layoffs drive home that the people losing white-collar jobs today aren't losing them because AI can do their work. They're losing them to money spent on chips, data centers, and more of the infrastructure powering the AI boom.
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                  After Wednesday’s brief relief rally, stocks slipped again as crude oil climbed again — at the close, the S&amp;P 500 was down about 0.57%, the Dow was off roughly 786 points (up from its midday plunge of over 
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                  Sales jumped 9%, and membership fees rose 14% in its last quarter, as the warehouse giant (
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                   $COST
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                  ) keeps selling a lot of stuff, moving a lot of people through its doors, and letting membership fees turn madness into margin.
                 </div>
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                 <a aria-label="Will Newton/Getty Images" style="color:#168DD9;" target="_blank" title="Will Newton/Getty Images">
                  <img alt="Will Newton/Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D870%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2257064635.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzI4MTQ1MzEuOTg3NDc1fQ:1vyY2l:DtGMMjmhzTEHw-XgCWNYqLTkQlC8AeKlY0wmxHm8qoE" style="width:200px;max-height:400px;vertical-align:middle;border:0;" width="200"/>
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                  <strong>
                   <a data-linktext="Kroger bucks the market’s downward trend." data-linktype="Normal" style="color:#105C8E;" target="_blank">
                    Kroger bucks the market’s downward trend.
                   </a>
                  </strong>
                  The grocer’s (
                  <a data-linktext="$KR" data-linktype="Normal" style="color:#105C8E;" target="_blank">
                   $KR
                  </a>
                  ) stock was up around 5% around the day’s close thanks to solid headline Q4 numbers and steady grocery and pharma businesses, even if the company may be running out of room to build.
                 </div>
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                 <a aria-label="Dan Brouillette/Bloomberg via Getty Images" style="color:#168DD9;" target="_blank" title="Dan Brouillette/Bloomberg via Getty Images">
                  <img alt="Dan Brouillette/Bloomberg via Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D870%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-1240333838.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzI4MTQ1MzEuOTg3NTcxfQ:1vyY2l:YlPtVfP3BYybIhdO5N9y0vMZ8mGfA-zM-WsswXnPSMA" style="width:200px;max-height:399px;vertical-align:middle;border:0;" width="200"/>
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                  <strong>
                   <a data-linktext="Berkshire’s buyback shift." data-linktype="Normal" style="color:#105C8E;" target="_blank">
                    Berkshire’s buyback shift.
                   </a>
                  </strong>
                  Under new CEO Greg Abel, the company announced that it was restarting buybacks for the first time since May 2024 — while Abel bought some shares of his own and says he and Warren Buffett speak 
daily.
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                 <div style="line-height: 1.4">
                  <strong>
                   <a data-linktext="A white-collar jobs slowdown." data-linktype="Normal" style="color:#105C8E;" target="_blank">
                    A white-collar jobs slowdown.
                   </a>
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                  While the ADP report’s topline number appears to be good news, the report shows that professional and business services shed 30,000 jobs and 
that the economy is being propped up elsewhere.
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