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
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 the entertainment group. Speaking on his first earnings
Spirit Shutdown Empties LaGuardia Terminal
A Sudden Collapse Hits Terminal A The abrupt shutdown of Spirit Airlines has left LaGuardia Airport’s Marine Air Terminal nearly deserted, turning one of New York’s most historic aviation spaces into a
Sony Settlement Opens For PlayStation Users
A $7.85 Million Deal Moves Forward Some PlayStation customers in the United States may be eligible to receive part of a proposed 7.85 million dollar settlement involving Sony Interactive Entertainment. The class
Pickleball Inc. Raises $225 Million
A Record Investment For A Fast Growing Sport Pickleball Inc., the new parent company of Major League Pickleball and the PPA Tour, has raised 225 million dollars in new investment. The funding
Meta Links Layoffs To Rising AI Spending
Zuckerberg Addresses Workforce Cuts Meta Chief Executive Mark Zuckerberg told employees that the company’s planned layoffs are linked to rising capital spending on artificial intelligence infrastructure. Speaking at a company town hall
Musk And Altman Face Trial Over OpenAI
A Silicon Valley Feud Enters Court A long running dispute between Elon Musk and Sam Altman is set to move into a California courtroom, placing one of the technology sector’s most consequential
Spirit Rescue Plan Could Redraw Airline Competition
A possible federal rescue package for Spirit Airlines is raising far bigger questions than the fate of one struggling carrier. According to the reported proposal, the Trump administration is discussing a $500
Jet Fuel Risks Could Disrupt Summer Travel Plans
Rising concern over jet fuel supplies is starting to cast a shadow over summer travel, especially for passengers flying internationally. The problem is not yet at full crisis level, but the longer
American Rejects Merger Talk With United
American Airlines came under pressure after firmly rejecting speculation about a possible merger with United Airlines, a scenario that had briefly fueled market excitement but quickly ran into the much harder realities
Uber Eats Turns Returns Into A Delivery Service
Uber is expanding further beyond rides and restaurant orders by turning one of online shopping’s most frustrating chores into an on-demand service. Through a new returns feature in Uber Eats, customers can
Spirit Airlines Faces A New Threat As Liquidation Fears Grow
Spirit Airlines is once again confronting the possibility that its recovery may not hold. After struggling through a second bankruptcy in less than a year, the ultra-low-cost carrier is now facing renewed
Allbirds Abandons Shoes For An Ai Pivot
Allbirds has made one of the most dramatic strategic turns seen on the market in some time, announcing that it is shifting away from footwear and toward artificial intelligence infrastructure. The move