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Microsoft released its annual Work Trend Index report on Tuesday, which argued that 2025 is the year that companies stop simply experimenting with AI and start building it into key missions. As part of its release, Microsoft put together a glossary that it says is comprised of “new terms to know for a new world of work.” Here’s the list: Agent: An AI-powered system that can reason, plan, and act to complete tasks or entire workflows autonomously, with human oversight at key moments. Agent boss: A human manager of one or more agents. Capacity gap: The deficit between business demands and the maximum capacity of humans alone to meet them. Digital labor: AI or agents that can be purchased on demand to scale workforce capacity. Frontier Firm: A company powered by intelligence on tap, human-agent teams, and a new role for everyone: agent boss. Human-agent ratio: A new business metric that optimizes the balance of human oversight with agent efficiency on human-agent teams. Intelligence resources: A function dedicated to managing digital labor on an organizational levelthink of it as a blend of IT and HR. Work Chart: The next org chart, structured not around functional expertise but around jobs that need to be done.
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E-Commerce
The World Economic Forum, which runs an annual gathering of elites in Davos, Switzerland, says its board has given its unanimous support for an independent investigation into allegations of misconduct by founder Klaus Schwab.The statement from the Geneva-based think tank and event organizer late on Tuesday came after a report published in the Wall Street Journal cited a whistleblower letter alleging financial and ethical misconduct by Schwab, 87, and his wife Hilde.The newspaper reported that the allegations were sent in an anonymous letter to the board last week and included claims that the Schwab family mixed their personal affairs with Forum resources.In a statement sent to the Associated Press, the Forum said its boardwhich includes former U.S. Vice President Al Gore, Jordan’s Queen Rania, and European Central Bank President Christine Lagarde as membersagreed to a decision by its risk and audit committee to open the probe.“While the Forum takes these allegations seriously, it emphasizes that they remain unproven, and will await the outcome of the investigation to comment further,” the statement said.The AP was not immediately able to reach Schwab or a contact person for him.The allegations emerged two days after the WEF announced Schwab had retired “with immediate effect” as chairman, and that former Nestlé Chairman and CEO Peter Brabeck-Letmathe was taking over as interim chairman.For decades, the Forum’s annual gathering in Davos has hosted top business executives, government leaders, academics, international organizations, cultural figures, sports legends, and celebrities to discuss government policy, deal-making, and current affairs. Associated Press
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E-Commerce
Global shares mostly rose Wednesday, with markets showing relief after President Donald Trump indicated he won’t dismiss the head of the U.S. Federal Reserve.France’s CAC 40 jumped 2.1% in early trading to 7,480.99, while Germany’s DAX rose 2.5% to 21,820.14. Britain’s FTSE 100 gained 1.6% to 8,461.24. U.S. shares were set to drift higher with Dow futures up 1.5% at 39,960.00. S&P 500 futures rose 2.0% to 5,421.75.In Asia, Japan’s benchmark Nikkei 225 gained 1.9% to finish at 34,868.63. Australia’s S&P/ASX 200 surged 1.3% to 7,920.50. South Korea’s Kospi gained 1.6% to 2,525.56. Hong Kong’s Hang Seng added 2.4% to 222,072.62, while the Shanghai Composite edged down 0.1% to 3,296.36.Trump had previously said he could fire Fed chair Jerome Powell after the Fed paused cuts to short-term interest rates. But Trump told reporters Tuesday, “I have no intention of firing him.”Investors were also cheered by comments from U.S. Treasury Secretary Scott Bessent in a Tuesday speech. He said the ongoing tariffs showdown with China is unsustainable and he expects a “de-escalation” in the trade war.“Of course, markets will continue to listen out for the latest White House rhetoric on tariffs and any hints of upcoming trade deals. As such, market direction will more likely than not continue to be dictated by Trump’s latest whims regarding tariffs and trade,” said Tim Waterer, chief market analyst at KCM Trade.The only prediction many Wall Street strategists are willing to make is that financial markets will likely continue to veer up and down as hopes rise and fall that Trump may negotiate deals with other countries to lower his tariffs. If no such deals come quickly enough, many investors expect the economy to fall into a recession.The International Monetary Fund on Tuesday slashed its forecast for global economic growth this year to 2.8%, down from 3.3%. A suite of better-than-expected profit reports from big U.S. companies, meanwhile, helped drive U.S. stocks higher.Also helping market sentiment was the announcement from Elon Musk that he will spend less time in Washington and more time running Tesla after his electric vehicle company reported a big drop in profits. Its results have been hurt by vandalism, widespread protests and calls for a consumer boycott amid a backlash to Musk’s oversight of cost-cutting efforts for the U.S. government.Tesla reported earnings after U.S. trading closed. Tesla’s quarterly profits fell from $1.39 billion to $409 million, far below analyst estimates.In energy trading, benchmark U.S. crude added 80 cents to $64.47 a barrel. Brent crude, the international standard added 81 cents to $68.25 a barrel.In currency trading, the U.S. dollar declined to 141.87 Japanese yen from 142.37 yen. The euro cost $1.1390, up from $1.1379. _AP Business Writer Stan Choe contributed. Yuri Kageyama, AP Business Writer
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E-Commerce
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