Circuit City Trusted the Spreadsheet. Best Buy Trusted the People. Only 1 Survived

Companies racing to replace people with AI may be repeating the same mistake that destroyed Circuit City. Former Best Buy CEO Hubert Joly explains why.

Companies racing to replace people with AI may be repeating the same mistake that destroyed Circuit City. Former Best Buy CEO Hubert Joly explains why.
Dollar Holds Steady Ahead of Jackson Hole; Yen Unmoved by BOJ Remarks Market Overview and Key Currency Movements By Satoshi Sugiyama Dollar and Major Currency Performance TOKYO, Aug 27 (Reuters) – The U.S. dollar traded in a narrow range on Thursday ahead of the Jackson Hole symposium, while the yen held steady after a Bank…
Key takeaway: Federal Reserve Gov. Lisa Cook said the central bank now has more data to assess developments in the private credit sector and that, so far, there is no indication of significant risk. Expert quote: “We still don’t think that [private credit] is having a big effect on financial stability, but we still want…
Live News Updated: Wednesday, October 21, 2026, 10:35 [IST] Jio Platforms IPO: The mother of all IPOs in India is finally opening for subscription on October 21, 2026. The Reliance Industries-backed telecom giant, Jio, is launching Rs 30,213 crore public offer, the largest ever in India. The behemoth is expected to list next week. The…
Key Takeaways Buyers may be able to get closing cost assistance to reduce the cash they need to close. Your state’s housing financial authority is a good place to begin looking for closing cost help. These programs often require borrowers to meet income or purchase limits to qualify. Closing cost assistance can take the sting…
Studies show professionals spend more time working with AI than they realize. The hidden cost of automation and how to actually get your time back.
ExxonMobil (XOM +2.22%) and Angola’s National Oil, Gas and Biofuels Agency (ANPG) announced a new oil discovery off Angola’s coast in a field that has already produced a massive 2.7 billion barrels of oil since the first oil discovery there in 1998. Exxon’s shares closed 2.2% higher following the news. For shareholders, the attractiveness lies…