Behind the wave of white-collar layoffs: Old-school cost cutting, tariffs and, yes, AI
Corporate America is getting rocked by historic rounds of white-collar layoffs, leading some to wonder: Has AI finally come for ...
Tag: business news
HSBC, General Atlantic CEOs flag AI capex-revenue mismatch, ‘irrational exuberance’
HONG KONG, CHINA - 2025/03/01: In this photo illustration, Artificial intelligence (AI) apps of perplexity, DeepSeek and ChatGPT are seen ...
Ether falls 7% following a multimillion dollar hack of a decentralized finance protocol
Representation of Ethereum, with its native cryptocurrency ether.Dado Ruvic | ReutersEther fell as much as 9% on Monday, slipping below ...
Starbucks to form joint venture with Boyu Capital to run China business
Starbucks on Monday announced it is forming a joint venture with Boyu Capital to operate the company's locations in China.Under ...
Palantir tops estimates, boosts fourth-quarter guidance on AI adoption
Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on ...
Warren Buffett may have cut Berkshire’s stake in Apple again in the third quarter
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.CNBCWarren Buffett's Berkshire Hathaway ...
Cramer: Amazon-OpenAI cloud deal puts an exclamation point on a remarkable few days
Amazon went from "Magnificent Seven" zero to hero in a matter of days. First, it was blowout earnings on Thursday ...
China’s Baidu says weekly robotaxi rides hit 250,000 — same as Alphabet’s Waymo this spring
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles.BaiduBEIJING — ...
Where the blockbuster weight loss drug market stands today — and what’s coming next
A combination image shows an injection pen of Zepbound, Eli Lilly's weight loss drug, and boxes of Wegovy, made by ...
CNBC Daily Open: AI trade frenzy seems driven by a ‘virtuous’ cycle
Jensen Huang, CEO of Nvidia, attends a press conference after the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, ...
