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A Goldman Sachs partner warns that widespread AI adoption in banking risks eroding junior bankers’ analytical and reasoning abilities, potentially undermining Wall Street’s traditional apprenticeship culture.
Hospitality sector businesses report increased optimism following government tax relief measures, though industry leaders warn additional tax cuts are needed to sustain momentum and address rising operational costs.
Argos, the British retail chain, is undergoing new ownership and considering expansion plans including new standalone shops, though it faces significant competition from online retailers like Amazon.
Former JPMorgan Chase executive Matt Zames will serve as an unpaid advisor to the Social Security Administration, joining commissioner Frank Bisignano to help modernize the agency’s outdated technology systems.
Coca-Cola is developing new automated beverage equipment including Freestyle dispensers that make dirty sodas and refreshers, testing customizable drinks to compete with specialty beverage chains and meet consumer demand for handcrafted options.
Fast-fashion retailer Shein will list on the Hong Kong stock exchange on 1 September at a valuation near $27bn, down significantly from its prior $100bn peak after reporting losses earlier this year.
