Business

AI Layoffs Surge as Companies Cite Productivity Gains Over Human Roles
More than 87,000 job cuts in the first five months of 2026 carried a single explanation from employers. Artificial intelligence. The outplacement firm Challenger, Gray & Christ...
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JPMorgan’s David Kelly Sees AI Profits Powering Stocks Even as Everyday Economy Falters
David Kelly has a blunt message for investors navigating 2026. The chief global strategist at J.P. Morgan Asset Management sees an economy that feels merely adequate for most...
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The 2026 Layoff Reckoning: AI Claims Mask Record Cuts at Tech Giants and Beyond
More than 460,000 jobs have vanished across industries this year. Tech bears the heaviest burden. Trackers show over 150,000 positions eliminated in the sector alone. And the...
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Why Amazon Stands Poised to Overtake Microsoft in Market Value This Summer
Amazon sits at $2.6 trillion in market capitalization. Microsoft holds $2.8 trillion. The gap has narrowed. One analyst sees Amazon surging past its rival and reclaiming a $3...
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Saudi Central Bank Shifts Billions From Asset Managers to Liquid Holdings
Saudi Arabia’s monetary authority has yanked billions of dollars from at least two major global asset managers. The moves signal a sharper focus on performance and liquidity....
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Lucid Motors’ New CEO Silvio Napoli Imposes Second Round of Sharp Layoffs as EV Demand Falters
Lucid Motors is shedding roughly 1,500 jobs. That amounts to 18 percent of its workforce. The move comes only four months after a 12 percent reduction earlier this year. And...
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Ryanair Ties Its Outspoken Leader to 2032 With a €150 Million Performance Prize
Michael O’Leary has run Ryanair since 1994. The airline grew from a small Irish carrier into Europe’s largest by passengers. Now 65, he just signed on for six more years. The...
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Gensler’s AI Sandbox Reshapes Architecture: From Concept Tests to Cinematic Client Pitches
Three years ago, executives at Gensler launched an internal experiment they called the AI sandbox. The goal was simple. Test generative artificial intelligence tools with ope...
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Europe’s Wake-Up Call: How Trump’s Policies and AI Shocks Force a Bigger Bet on Homegrown Tech
Donald Trump returned to the White House promising tariffs, equity stakes in key industries and a hard line on technology exports. His approach has rattled boardrooms from Pa...
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Amazon’s Jassy Flags Anthropic AI Flaw to Trump Officials, Sparking Swift Export Ban
One phone call. A discovered jailbreak. And suddenly two of the most advanced AI models on the market went dark for much of the world.Amazon Chief Executive Andy Jassy...
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Musk Mocks ESG After SpaceX Lands Worst Rating, Yet IPO Soars Amid Pollution Suits
Elon Musk didn't hold back. "Unfortunately, electric rockets are impossible," he posted on X shortly after reports surfaced that MSCI had assigned SpaceX its lowest possible...
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Elon Musk Grabs Nearly 20% Voting Control at Tesla in Bold Post-SpaceX Move
Elon Musk just tightened his hold on Tesla. Securities filings show the chief executive exercised options on more than 300 million shares from his long-disputed 2018 compensa...
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Meta Employees Rebel Against AI Training on Their Every Click
More than 1,600 Meta employees have signed an online petition demanding their company scrap a program that logs their keystrokes, mouse movements and screen interactions to t...
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Barclays Flags Hawkish Pivot by Central Banks as Threat to Equity Rally
Central banks are turning. After years of rate cuts that fueled asset prices, major institutions now signal they will stand firm against inflation. Barclays analysts captured...
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OpenAI’s $852 Billion Gamble: Soaring Revenue Meets Record Losses Ahead of IPO
Sam Altman’s OpenAI stands at a crossroads few companies ever reach. In late March it closed a staggering $122 billion funding round that lifted its post-money valuation to $...
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