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SAP Slows Hiring, Freezes Travel As AI Push Accelerates
SAP Slows Hiring, Freezes Travel As AI Push Accelerates
Not even a day after reports swirled that Microsoft was preparing to cut thousands of employees, and as the broader tech sector continues to hemorrhage white-collar workers replaced by chatbots, the latest AI-related job-displacement news is coming from Europe's largest software company.
Bloomberg reports that German enterprise software giant SAP, best known for software that supports large corporations running core business operations, is preparing to slow hiring and cut travel costs as it diverts more capital toward developing AI tools.
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May 19, 2026 / Tyler Durden
"Door Of Doom" Looms As 30 Year Yield Soars To 19 Year High After Two Huge Treasury Block Sales
"Door Of Doom" Looms As 30 Year Yield Soars To 19 Year High After Two Huge Treasury Block Sales
Bond yields continued to move sharply higher today, driven in large part by the aggressive repricing in the oil strip as markets (finally) price in a lengthy disruption to Hormuz traffic which has pushed year-end prices higher by about $12 in the past month.
The result has been a spike across virtually all tenors:
*US 2-YEAR YIELD RISES TO 4.11%, HIGHEST SINCE FEBRUARY 2025
*TREASURY 5- AND 7-YEAR YIELDS RISE 10 BASIS POINTS ON...
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May 6, 2026 / Tyler Durden
Israel Says Preparing For Escalation With Iran, Didn't Know Deal Was Close: 'Series Of Targets Ready'
Israel Says Preparing For Escalation With Iran, Didn't Know Deal Was Close: 'Series Of Targets Ready'
Wednesday saw yet another early morning Axios 'scoop' that within hours of being issued proved premature and too out front, given talk of Iran and the US being 'close' to a deal was quickly denied by Tehran and even President Trump quickly acknowledged it's "too soon" to plan peace talks with Iran.
But the headline of "US and Iran closing in on one-page memo to end war" was enough to raise alarm bells in Israel,...
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Jun 23, 2026 / Tyler Durden
Piper Sandler's Top Economist Sees "Big Bounce" In Consumer Sentiment As Gas Prices Tumble
Piper Sandler's Top Economist Sees "Big Bounce" In Consumer Sentiment As Gas Prices Tumble
Building on last week's theme of "early signs of a turn in U.S. consumer discretionary," Piper Sandler analysts note that the sharp decline in gasoline prices at the pump is beginning to lift consumer sentiment, particularly among lower-income households. Their proprietary daily confidence data suggest the rebound is still in the early innings, but the direction is clear: cheaper gas is easing pressure on working-class folks.
Piper Sandler's chief global economist and head of the firm's economics...
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