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Microsoft layoffs hit coders hardest with AI costs on the rise
Microsoft on Tuesday said it would cut about 6,000 workers across the company. Microsoft Corp.’s recently announced job cuts fell hardest on the...
Two bullish signs: S&P 500 tips positive for the year and the Nasdaq sees a successful IPO
After a tumultuous April, U.S. stocks slowly started to turn around and the fintech company eToro had an excellent first day of trading....
Airbnb’s new app for ‘services’ is getting shot down by critics — here’s why CEO Brian Chesky should be thrilled
Brian Chesky’s vision for Airbnb’s future includes a new app, cooking classes, massages, and Chance the Rapper. Brian Chesky took the stage in...
At troubled UnitedHealth Group, a highly unusual pay package—potentially worth $60 million to its boomerang CEO—heads to a June vote
Shareholders will soon get to vote on that unconventional pay plan. Institutional Shareholder Services advises they vote no. Will UnitedHealth Group’s new CEO...
Binance scores big win after SEC agrees to drop lawsuit against exchange
The lawsuit against Binance was one of the few outstanding crypto cases the SEC hadn’t moved to dismiss. The world’s largest crypto exchange...
Palmer Luckey and Mark Zuckerberg ended their bitter feud to bolster Silicon Valley’s new love affair with the military market
Meta is working with Palmer Luckey again after firing him eight years ago. It’s not the duo you might have imagined. On Thursday,...
AI deepfakes pose ‘significant’ risk to ‘identity systems upon which our entire economy relies,’ warns fintech CEO
Scammers can now use AI tools to generate multiple live video fakes of real people—and request money transfers. With one new AI capability...
Bessent says U.S.&China talks ‘stalled,’ pushes for Trump&Xi call
U.S. Treasury Secretary Scott Bessent said a call between Trump and his counterpart Xi Jinping may be needed for a deal. U.S. Treasury...
There’s a ‘buyer’s strike’ on U.S. assets as foreign investors can’t stomach huge deficits anymore, analyst warns
“At the core of the problem is that foreign investors are simply no longer willing to finance US twin deficits at current level...
King Dollar won’t just give up its crown. Rivals have to take it away—but they’re not ready, currency expert says
“Unless that changes, the dollar will remain on a much longer leash than any currency should rightfully have.” Predictions that the dollar’s dominance...
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