Cisco to Cut Over 4,000 Jobs, Redirecting Investments Towards Artificial Intelligence
Company
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
-
JetBlue Shares Soar After Carl Icahn Discloses Stake
"JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. -
Diamondback Energy's $26B Acquisition to Create a New Global Oil Giant Valued at over $50B
"Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth.
The Latest
-
Elon Musk Says AI Could Become 99% of SpaceX’s Value, With Revenue Set to Overtake Other Businesses by September
Elon Musk is predicting a rapid transformation at SpaceX, telling employees that artificial intelligence could generate more revenue than all of the company's other businesses combined as soon as September and eventually account for 99% of its value, an extraordinary shift for a company built around rockets, satellites and Starlink connectivity. 
-
Tech Layoffs Hit 125,759 in 2026, Already Surpassing All of Last Year
Technology companies have eliminated more jobs in the first seven months of 2026 than during all of last year, extending a restructuring wave that is increasingly hitting workers even as some of the industry's largest employers report rising revenue and invest heavily in artificial intelligence. 
-
SpaceXAI Faces More Than $136 Million in Contractor Lien Claims Over Memphis AI Data Centers
SpaceXAI is facing more than $136 million in mechanic's lien claims tied to construction of its artificial intelligence data centers in the Memphis area, after an Ohio-based contractor alleged it has not been paid for work performed on the company's rapidly expanding Colossus facilities. 
-
Jeff Bezos Plans $4 Billion Amazon Stock Sale as Jim Cramer Warns Move Is a 'Buzzkill' After Earnings Rally
Amazon Executive Chairman Jeff Bezos plans to sell approximately 15 million Amazon shares valued at more than $4.07 billion, according to a Form 144 filing with the U.S. Securities and Exchange Commission, a move that drew immediate attention from investors after the company's blockbuster quarterly earnings report and a sharp rally in its stock price. 
-
Elon Musk Clashes With Economist Editor Over Public Backlash, Citing 250 Million X Followers as Proof of Support
Elon Musk turned a question about his public image into a broad attack on the news media during a July 23 interview at Tesla's Texas Gigafactory, telling The Economist Editor-in-Chief Zanny Minton Beddoes that journalists are hated more than he is. The exchange, which spread quickly across X, followed questions about Musk's political commentary, immigration views and increasingly polarizing role in public debate.
-
Amazon's $200 Billion AI Spending Plan Faces Scrutiny as SNAP Enrollment Among Workers Nearly Triples, Report Finds
A new government report has intensified scrutiny of Amazon's labor practices after finding that enrollment in federal food assistance programs among the company's employees has nearly tripled since 2020, even as the e-commerce giant prepares to invest approximately $200 billion in artificial intelligence infrastructure next year. 
-
IBM Shares Plunge More Than 20% After Q2 Earnings and $17.2 Billion Revenue Miss Estimates
International Business Machines shares plunged more than 20% in premarket trading Tuesday after preliminary second-quarter results missed Wall Street expectations, with IBM blaming a sudden shift in customer spending toward servers, storage and memory chips as companies raced to secure scarce hardware. 
-
Warren Buffett Cuts Gates Foundation From Multibillion-Dollar Donation as Epstein Review Looms
Warren Buffett has excluded the Gates Foundation from his latest annual donation of Berkshire Hathaway stock, according to CNBC, as scrutiny intensifies over Bill Gates's past relationship with Jeffrey Epstein and a review examines the foundation's ties to the convicted sex offender. 
-
Volkswagen Warns of Up to 100,000 Job Cuts as Costs Run 20% Above Rivals
Volkswagen Group is examining workforce reductions of as many as 100,000 jobs globally, twice the level previously outlined, as Chief Executive Oliver Blume pushes Europe's largest auto group to close a 20% cost gap with competitors and simplify a manufacturing network strained by weaker sales, the electric-vehicle transition and growing competition from Chinese automakers. 
-
Micron Expands U.S. Investment to $250 Billion Through 2035 as AI Chip Demand Sends Shares Higher
Micron Technology deepened its commitment to U.S. semiconductor manufacturing on Thursday, unveiling an expanded domestic investment strategy worth approximately $250 billion through 2035 and announcing a series of supply-chain initiatives aimed at supporting the rapidly growing artificial intelligence market. Investors welcomed the move, sending the memory-chip maker's shares up about 7% after the announcement. 
