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Zuckerberg says Meta layoffs tied to AI spending, won't rule out future cuts6:02 Mark Zuckerberg says Meta s plan to cut about 10% of its workforce is tied to increased AI investment, while leaving the door open to additional layoffs. Fidelity, Vanguard reportedly pause SPLC grants after federal fraud charges2:19 Fidelity and Vanguard s charitable arms have reportedly paused grants to the SPLC through donor-advised funds after a federal indictment. Trump says King Charles ‘got me to’ drop whisky tariffs after royal visit2:19 President Trump announced the removal of restrictions on the Scotch and bourbon trade to enhance barrel exchange between Scotland and Kentucky. Mortgage rates tick higher as geopolitical tensions mount23:40 The average rate on a 30-year fixed mortgage rose this week to 6.3%, according to the latest Freddie Mac data released Thursday. That is up from last week s reading of 6.23%. Apple chief Tim Cook says it was the 'right time' to step down as CEO23:40 Apple CEO Tim Cook says three factors drove his decision to step down: the company s remarkable performance, its roadmap and the readiness of successor John Ternus. US national debt surpasses size of the economy for first time since World War II23:08 The U.S. national debt held by the public has surpassed the size of the economy for the first time since World War II, reaching over 100% of GDP in March. Elon Musk says he was a 'fool' for funding OpenAI: report22:36 Elon Musk said he felt like a "fool" for backing OpenAI, accusing Sam Altman of abandoning the nonprofit s original mission in favor of a profit-driven model. US economic growth bounces back, as AI buildout and consumer spending fuel first quarter22:04 First quarter GDP grew at 2%, slightly below the expected 2.3%, as equipment investment in AI and computers along with consumer spending led growth. Trump signs order aiming to help expand access to retirement accounts21:32 President Donald Trump signed an executive order seeking to help expand retirement account access to people who do not have employer-supplied plans. Hertz, Uber team up to build robotaxi fleets in major mobility push21:00 Hertz teams with Uber to manage robotaxi fleets and driver operations, signaling a shift toward centrally managed transportation networks. Child safety risk sparks popular nasal spray recall, nearly 800K bottles impacted20:28 Bayer issued a recall of nearly 800,000 travel size Afrin nasal spray bottles after packaging found not to be child resistant, CPSC announced. US rakes in $3B in 90 days from Intel stock, Trump says17:49 President Donald Trump says the US has made over $30 billion from federal Intel stock holdings in 90 days after authorizing a government equity stake. FedEx, UPS pledge to refund customers after Supreme Court tariff decision15:09 FedEx and UPS plan to pass tariff refunds back to customers after a Supreme Court ruling struck down duties imposed under IEEPA. Fed's favored inflation gauge remained elevated in March15:09 The latest PCE inflation data was released by the Commerce Department which showed that inflation rose and remained elevated in March due in part to the Iran war s impact. |
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