Economy
April CPI Inflation Hits 3.8% Annual Rate, Highest Since 2023: How Hot Inflation, Oil Spike Crashed The Chip Trade
April CPI hit 3.8% year over year, the hottest read since May 2023, with…
Author: Scott Allan
Author: <span>Scott Allan</span>
AI
Codex Doubled in Seven Days. NVIDIA Just Restructured 30,000 People Around It.
OpenAI says Codex doubled in seven days. NVIDIA put it on 10,000 non-engineering staff.…
AI
Fidelity Cuts 800 in Tech Reorg as May Layoffs Cascade Across the Sector
Fidelity is cutting 800 tech jobs while hiring 3,300, joining Coinbase, Cloudflare, BILL, Upwork,…
Analysis
Pinterest Stock Jumps 15% After Q1 Earnings Crush: How AI Ad Targeting Is Reviving a Forgotten Social Platform
Pinterest crushed Q1 estimates, PINS jumped 15%, and seven sell-side desks raised targets. The…
Analysis
OpenAI IPO Delay? $25 Billion Revenue, $14 Billion Loss, and a CFO Pumping the Brakes
OpenAI hit $25B in annualized revenue, but CFO Sarah Friar reportedly wants to push…
Analysis
Nvidia Bets $3.2 Billion on Corning to Onshore AI Optical Manufacturing and Add 3,000 US Jobs
Nvidia commits up to $3.2 billion to a Corning optical manufacturing partnership, 10x'ing US…
Analysis
Cloudflare Layoffs: 1,100 Jobs Cut in “Agentic AI” Reset as NET Stock Drops 18%
Cloudflare cuts 1,100 jobs, ~20% of staff, framing the layoffs as an "agentic AI"…
Analysis
Hormuz Ceasefire Unravels: Oil Tops $102 as US-Iran Fire Exchange Rattles Markets
Iranian missiles strike US destroyers in the Strait of Hormuz, the US strikes back,…
Analysis
Anthropic Rented Elon Musk’s Entire AI Supercomputer. The $4 Billion Math Made Both Sides Swallow Hard.
Anthropic just leased Elon Musk's entire Colossus 1 supercomputer in Memphis. The $4 billion-a-year…
Business
HawkEye 360 IPO Pops 28% On NYSE Debut: How A $2.4 Billion Defense-Tech Listing Is Reopening The 2026 IPO Window
HawkEye 360 priced at the top of range, raised $416 million, and surged 28…