Cisco to Cut Over 4,000 Jobs, Redirecting Investments Towards Artificial Intelligence
Company
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
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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.
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ByteDance Locks In Record $29.6 Billion Loan as Banks Back Its Expanding AI Buildout
ByteDance is preparing to borrow a record $29.6 billion from a group of global banks after demand for the financing exceeded $30 billion, giving the TikTok parent a large pool of offshore capital as it accelerates spending on artificial intelligence infrastructure while remaining one of the world's biggest privately held technology companies. 
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Nvidia Buys Hugging Face for $12.9 Billion as Jensen Huang Pledges to Keep AI Platform Open
Nvidia agreed to acquire Hugging Face for $12.9 billion, giving the world's dominant AI-chip company control of one of the most widely used platforms for sharing and deploying artificial-intelligence models while promising to preserve its open-source character. 
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Bank of America’s $72.5 Million Epstein Settlement Wins Final Approval, With About 60 Women Expected to Receive Payments
A federal judge has approved Bank of America's $72.5 million settlement with women who allege they were abused or trafficked by Jeffrey Epstein or people associated with him, making the lender the third major bank to pay to resolve litigation tied to its banking relationship with the late financier. 
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Amazon Raises AI Spending to $220 Billion as Worker Reliance on SNAP and Medicaid Nearly Triples
Amazon is preparing to spend as much as $220 billion on capital projects in 2026, much of it tied to artificial intelligence infrastructure, as a new Government Accountability Office report shows that thousands of its workers continue to rely on Medicaid and federal food assistance. 
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Nvidia Revenue Could Hit $673 Billion in Fiscal 2028, Overtaking Apple and Alphabet as AI Boom Accelerates
Nvidia is signaling that its extraordinary AI-driven expansion has further to run, forecasting roughly 70% revenue growth in fiscal 2028-a pace that could lift annual sales to about $673 billion and potentially push the chipmaker past Apple and Google parent Alphabet in the revenue ranks of major U.S. technology companies. 
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Nvidia Shares Surge After $96 Billion Revenue Beat as Jensen Huang Says AI Has ‘Reached Its Inflection Point’
Nvidia shares jumped more than 6% in premarket trading Thursday after the artificial-intelligence chip leader delivered stronger-than-expected quarterly results and projected $108 billion in revenue for the current quarter, reassuring investors that the massive global buildout of AI infrastructure remains intact. -
Volkswagen Plans Up to 100,000 Job Cuts as CEO Oliver Blume Warns Cost-Cutting ‘Is Not Over’
Volkswagen is preparing for potentially tens of thousands of additional job cuts as Chief Executive Oliver Blume warns employees that the German automaker's cost-cutting campaign "is not over," intensifying a restructuring aimed at closing a widening competitiveness gap with lower-cost rivals in Europe and China. 
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Elon Musk Warns AI Could Become Uncontrollable as SpaceX Pushes $60 Billion Cursor Deal to Catch Rivals
Elon Musk told employees of newly acquired Cursor that artificial intelligence could eventually become too advanced for humans to control, while pressing the AI coding company's engineers to help SpaceX catch faster-moving competitors, according to The Information. The remarks came after SpaceX completed its $60 billion acquisition of Cursor, putting more than 1,000 of its employees inside Musk's expanding technology operation. 
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Goldman Sachs, Wells Fargo Warn Treasury Bond Buybacks Won’t Bring Long-Term Yields Down
Goldman Sachs and Wells Fargo are casting doubt on the Treasury Department's expanded bond-buyback strategy, warning that even substantially larger purchases are unlikely to reverse the surge in long-term U.S. government yields without broader changes in inflation, economic growth, Federal Reserve policy or federal borrowing. 
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Alibaba Raises $10.2 Billion for AI Expansion, Sending Hong Kong Shares Down as Much as 10.5%
Alibaba Group raised HK$80 billion, equivalent to about $10.2 billion, through a major share placement to finance its accelerating artificial-intelligence push, sending its Hong Kong-listed shares sharply lower Monday as investors absorbed the dilution from 710 million new shares. 
