Honda Previewed Two New Hybrids After Taking $9B Hit Over Failed EV Bet, Records First Loss In 70 Years
Honda unveils two new hybrids as EV writedowns of 1.45 trillion yen ($9.2 billion) push the automaker to its first annual loss in 70 years.
Cisco Could Be Cutting 4,000 Jobs To Restructure Business And Focus More On AI, Memo Reads
Cisco may cut nearly 4,000 jobs to restructure its business, reallocating spending toward artificial intelligence and high-growth technologies while maintaining hiring in key strategic roles.
OpenAI Reportedly Plans To Take Legal Action Apple Over Lack Of Siri Integration
OpenAI is reportedly preparing to take legal action against Apple over its ChatGPT Siri integration which did not workout.
LinkedIn Announces New Layoffs, Says Cuts Are Not Attributed To AI Replacing Jobs
LinkedIn is cutting 5% of its workforce, affecting approximately 900 employees, citing organizational restructuring rather than AI automation as the reason for the layoffs.
Editor's Pick
Meta Sued By Santa Clara Country Over Facebook Scam Ads Targeting Seniors, Vulnerable Users
Santa Clara County sues Meta over scam ads on Facebook and Instagram that allegedly targeted seniors and vulnerable users.
EBay Rejects GameStop’s $56B Bid To Buy The Company, Says It’s ‘Neither Credible Nor Attractive’
eBay has downright rejected GameStop's bid to buy the company for $56 billion, calling the offer unattractive.
Netflix Sued By Texas AG Over Allegedly Collecting Children’s Data To Sell For Profit
Netflix is facing a new lawsuit filed by the Texas Attorney General for allegedly collecting children's data to sell for profit.
Investors
Most Read
Regions
Colombia Gives In To US Deportation Flights To Avoid $53.5B Trade War
Colombian President Petro blocked US deportation flights, prompting Trump's tariff threats, but after escalating tensions, Colombia agreed to accept the flights, avoiding a trade war.
Democratic Rep. Slams Trump Over Tariffs On Countries Sending Oil To Cuba: ‘Designed To Cause a Humanitarian Collapse’
US Seizes Record $15 Billion in Bitcoin From Global ‘Pig Butchering’ Scheme Linked to Chen Zhi
EU Faces ‘Transitional Period’ After Trump’s New Import Surcharge Shakes Trade Deal
A months-long transitional period looms in transatlantic trade as President Donald Trump's new import surcharge threatens last year's U.S.-EU trade deal.
Novo Nordisk CEO Faces Investigation After Senate Reveals Ozempic And Wegovy Cost Up To 13 Times More In The US
Novo Nordisk CEO Lars Fruergaard Jørgensen will face a Senate hearing over the high prices of weight loss drugs Wegovy and Ozempic in the US.
Seized US Canned Food Company Looks to China, North Korea as Russian Sales Crash
China Imposes Retaliatory Tariffs on US Imports, Launches Google Antitrust Probe
Deals
Funding
AI Startup Funding Surging Despite Sting of High Interest Rates
AI startups are riding a wave of fresh capital in 2025—even as the Federal Reserve keeps interest rates at multi-decade highs. Instead of slowing down, the sector is posting some of its boldest funding figures yet, fueled by surging demand for both AI infrastructure and specialized applications.
Cost Over Climate: Australians To Spend AU$80B On Energy Upgrades
On average, households plan to spend AU$7,500 on energy-efficient upgrades over the next five years, which could add up to more than AU$80 billion nationwide. About 50% of Australians want to make their homes eco-friendlier, driven mostly by a desire to reduce energy costs.
Australian Superannuation Funds Rethink US Bets Amid Dollar Volatility
"Like every other fund, we are questioning our exposure to the U.S. It would be fair to say that we've hit peak exposure and will be reducing over time," said John Pearce, chief investment officer of UniSuper, said.
Trump UK Trade Deal Pumps Crypto: $ETH Skyrockets, $BTC Hits $103K, $XRP Surges
President Trump has announced a trade agreement with a long-time ally, pumping crypto prices, including Bitcoin, which had been struggling to return to $100,000 in recent weeks.
People
Meta Raids $12B AI Startup Thinking Machines Lab, Snags Founding Engineers in Talent War
Meta hires key engineers from Mira Murati's $12B AI startup, highlighting an intensifying talent war as top firms compete for elite AI expertise.
Reed Hastings to Exit Netflix Board in 2026, Marking End of an Era for Streaming Pioneer
Netflix co-founder Reed Hastings will step down from the board in June, closing a historic chapter as the streaming giant enters a new leadership era.
Epic Games CEO Tim Sweeney Slammed for ‘Out of Touch’ Layoff Comment After 1,000 Job Cuts
Tim Sweeney faces backlash after calling laid-off Epic Games employees "once-in-a-lifetime talent. Many people think there's something wrong with this tone.
