AI
Microsoft Plans Thousands More Layoffs as $190 Billion AI Bet Guts Non-AI Divisions
Microsoft is preparing to cut thousands of jobs across its sales, consulting, and Xbox…
Author: Scott Allan
Author: <span>Scott Allan</span>
AI
Fed’s Hammack Warns AI Infrastructure Boom Is Fueling Inflation, Says Rate Hikes May Be Needed
Cleveland Federal Reserve President Beth Hammack just put a price tag on the AI…
Business
EchoStar Prepares Chapter 11 Filing for Dish DBS, Betting $14 Billion Bankruptcy Will Unlock Spectrum Goldmine
Charlie Ergen built a satellite empire on the bet that Dish Network’s pay-TV cash…
AI
AI Has Eliminated 88,000 US Jobs in 2026, More Than Every Previous Year Combined
The number keeps climbing, and the companies doing the cutting are the same ones…
Economy
US Trade Deficit Blows Past $105 Billion as Businesses Front-Load Imports
The May goods trade gap came in 27% wider than April and $20 billion…
AI
GitHub Copilot’s First Metered Billing Cycle Closes Today with Developer Revolt
June 30 marks the end of GitHub Copilot’s first full 30-day token billing cycle,…
AI & Machine Learning
South Korea Commits $576 Billion to Semiconductor and AI Supremacy
President Lee Jae Myung just bet the country’s industrial future on a single thesis:…
AI
Alphabet’s Dow Debut Lifts Blue-Chip Index Past 52,000 for the First Time
Google’s parent company replaced Verizon in the 130-year-old index on Monday, and the timing…
Economy
Supreme Court Shields Fed Independence in 5-4 Ruling, Blocks Trump From Firing Governor Lisa Cook
The Supreme Court ruled Monday that President Trump cannot fire Federal Reserve Governor Lisa…
Business
Rocket Lab Acquires Iridium for $8 Billion, Building the First Fully Vertically Integrated Space Company
Rocket Lab just made the deal Peter Beck has been building toward for a…