GM Cuts IT Jobs As AI Reshapes Workforce
Layoffs Hit Technology Teams General Motors laid off about 500 to 600 employees on Monday, largely affecting information technology roles in Austin, Texas, and Warren, Michigan. The cuts come as the Detroit
AI Stocks Stall Wall Street’s Record Run
Technology Pullback Hits Major Indexes A sudden retreat in technology shares interrupted
Maryland Pushes PJM Power Market Reform
Data Centers Face Growing Scrutiny Maryland Governor Wes Moore is calling for
AI Hacking Becomes Industrial Threat
Google Warns Of A Rapid Escalation AI-powered hacking has moved from an
Intel Rallies On Reported Apple Chip Deal
A Potential Boost For Intel Foundry Intel shares surged after a report
Markets
US Stocks Ease After Record Highs
Markets Pull Back From Early Peaks US stocks edged lower on Thursday after the S&P 500 and Nasdaq touched fresh record highs earlier in the session. The early rally was supported by
Ceasefire sparks broad rally across Wall Street
Wall Street staged a powerful rebound as investors responded to the U.S.-Iran ceasefire with a sharp shift back into risk assets. The rally was broad, but the biggest winners were the sectors
Bond Markets Reel as War Fuels Inflation Fears
Global government bond markets are heading toward their steepest monthly decline in years as investors reassess the economic fallout from the war involving Iran, the United States, and Israel. The conflict, now
Wall Street Sinks as Inflation Fears Reignite
Fed caution and hot producer prices hit investor sentiment US stocks retreated sharply on Wednesday as a fresh inflation signal from the wholesale economy and a cautious message from the Federal Reserve
Stocks rebound as oil eases and U.S. data improves
Wall Street claws back losses after two volatile sessions U.S. stocks moved higher Wednesday after two days of sharp swings, helped by a pullback in oil prices and economic reports that suggested
Trump files $5bn lawsuit against JPMorgan and Dimon
Lawsuit alleges political debanking U.S. President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its chief executive Jamie Dimon, accusing the bank of unlawfully closing several of
Natural gas prices jump as Arctic cold grips the U.S.
Energy markets react to extreme winter forecast Natural gas prices surged sharply on Wednesday as forecasts pointed to an intense
UK court backs regulator on cross-border card fee caps
Payments firms lose challenge against UK watchdog Mastercard, Visa and British fintech Revolut have lost a legal challenge against Britain’s
U.S. Holiday Retail Sales Rise as Shoppers Seek Deals
Spending grows despite tighter household budgets U.S. retail sales have climbed by roughly 4% so far this holiday season, reflecting
RBC boosts dividend as record results fuel global ambitions
Strong earnings power a higher payout for shareholders Royal Bank of Canada reported a record fourth quarter, prompting its board
McDonald’s Beats As Value Demand Rises
Results Top Wall Street Forecasts McDonald’s reported stronger than expected first quarter earnings as consumers continued to seek value in a more difficult economic environment. The fast food giant posted adjusted earnings
Alphabet Rises On Cloud And AI Strength
Results Beat Wall Street Expectations Alphabet shares rose more than 3% after the Google parent reported first quarter results that beat analyst expectations on both revenue and earnings. The performance was supported
Meta Falls As User Growth Disappoints
Shares Drop Despite Strong Revenue Growth Meta shares fell about 7% in extended trading on Wednesday after the company reported lower than expected capital expenditures and missed Wall Street forecasts for user
AI Stocks Slip As OpenAI Concerns Weigh
Markets Open With Mixed Signals Shares tied to the artificial intelligence trade moved lower on Tuesday after a report said OpenAI missed internal targets for revenue and user growth. Oracle, Nvidia and
Intel Roars Back As AI Demand Revives The Story
Intel has delivered one of the most dramatic reversals in the chip sector, with its stock surging 24% in a single session and recording its strongest daily performance since October 1987. The
Business
Disney Rises As New CEO Outlines Strategy
D’Amaro Sets A Clear Direction Walt Disney shares rose nearly 8% in early trading after new chief executive Josh D’Amaro outlined his strategy for
Spirit Shutdown Empties LaGuardia Terminal
A Sudden Collapse Hits Terminal A The abrupt shutdown of Spirit Airlines
Sony Settlement Opens For PlayStation Users
A $7.85 Million Deal Moves Forward Some PlayStation customers in the United
Pickleball Inc. Raises $225 Million
A Record Investment For A Fast Growing Sport Pickleball Inc., the new
Meta Links Layoffs To Rising AI Spending
Zuckerberg Addresses Workforce Cuts Meta Chief Executive Mark Zuckerberg told employees that
Musk And Altman Face Trial Over OpenAI
A Silicon Valley Feud Enters Court A long running dispute between Elon
Spirit Rescue Plan Could Redraw Airline Competition
A possible federal rescue package for Spirit Airlines is raising far bigger
GTA 6 Pricing Boosts Take-Two Outlook
BofA Sees An $80 Price Point Bank of America returned from the IICON Video Game Conference in Las Vegas with a more bullish view on Grand Theft Auto 6 pricing. The bank
China Blocks Meta’s AI Deal
Beijing Tightens Control Over Tech Capital China has blocked Meta’s planned 2
AI Layoffs Are No Longer A Future Threat
The latest wave of cuts at major technology companies is reinforcing a
Meta is testing how far an AI CEO can go
Meta is reportedly building an artificial intelligence version of Mark Zuckerberg, turning
Meta’s new AI model now faces a harder test
Meta has finally shown the first major product from its new artificial
California Gas Hits $5.20 as Iran War Bites
Prices Jump Faster in the Golden State Gasoline prices in California have climbed sharply since the conflict involving Iran intensified, widening the gap between the state and the national average, according to
Black Friday spending hits records but raises questions
Record sales mask mixed fundamentals Fresh data from Thanksgiving weekend shows American consumers spent at record levels, but analysts say the increase was driven more by inflation than excitement. Adobe Analytics reported
Do You Need a Robo-Advisor or a Human Advisor?
Robo-advisors: Efficient, affordable, and beginner-friendly Robo-advisors are automated digital platforms that build and manage investment portfolios based on your preferences and risk tolerance. According to Investor.gov, they offer a low-cost solution for
The 4% Rule: Still Relevant for Retirees?
How a Simple Formula Was Born In the early 1990s, financial planner William Bengen developed what is now known as the 4% withdrawal rule. He published his research in 1994, offering a
Why 401(k) savers are struggling in 2025
Inflation disrupts retirement planning More than half of American workers say inflation is the main reason they are struggling to build a retirement fund. According to Schwab’s 2025 survey, 57 percent of
US Hiring Surge Eases Labor Market Fears
Headline Data Points To Resilience The US labor market has sent mixed signals in 2026, with strong headline numbers offset by softer underlying indicators. The latest Job Openings and Labor Turnover data
US Job Market Shows Signs Of Thawing
Hiring Picks Up After A Long Freeze New federal labor market data suggests the US job market may be starting
Trump Threatens 25% Tariffs On EU Cars
A New Trade Warning To Europe President Donald Trump said he plans to raise tariffs on cars and trucks imported
US GDP Rebounds As Energy Risks Build
Growth Accelerates In Early 2026 US gross domestic product grew at an annual rate of 2% in the first quarter
China’s Economy Started Strong, But Risks Are Building
China opened the year with stronger-than-expected economic growth, helped largely by resilient exports and solid industrial activity. Gross domestic product
