Tech Sector Cuts Over 123,000 Jobs as AI Emerges as Top Layoff Driver
The technology industry has shed more than 123,000 jobs this year, with artificial intelligence cited as the primary reason behind the wave of layoffs across major firms.
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Markets & Macro
AI & Tech Regulation
Oklahoma Man Charged with Death Threats Against Senate Leader Amid DOJ Crackdown on Political Violence
An Oklahoma resident faces multiple felony charges for threatening Senate Majority Leader John Thune as part of a DOJ effort targeting politically motivated violence under a Trump-era directive.
Crypto & Fintech
Analyst Maps Out How Bitcoin Could Surge to $500,000 in Coming Cycle
A detailed technical analysis suggests Bitcoin’s price might soar to $500,000 by following a historic three-phase pattern evident in previous bull cycles.
Crypto & Fintech
Bitcoin Falls Back to Levels Before Iran Conflict Amid Market Uncertainty
Bitcoin’s price has declined to levels last seen before the Iran conflict, marking a steep weekly drop triggered by shifting liquidity and weakening investor confidence.
Crypto & Fintech
Strategy’s Debt Buyback Sparks Bitcoin Sell-Off Amid Liquidity Concerns
Strategy’s decision to repurchase debt reduced its cash reserves and paused Bitcoin purchases, triggering a sharp downturn in Bitcoin prices and raising concerns over potential liquidations.
Markets & Macro
Pope Leo XIV Holds Strong Lead in Favorability Over Trump Amid AI Debate and Iran War Concerns
A recent Economist/YouGov poll finds Pope Leo XIV enjoys a commanding net favorability lead over President Trump, alongside widespread public unease about AI progress and the conflict in Iran.
Crypto & Fintech
Bitcoin’s Cycle Bottom Expected in Late 2026, Analysts Suggest
Despite recent declines, experts highlight historical patterns indicating Bitcoin’s bear market lows typically occur in the fourth quarter, pointing to a potential bottom late next year.
Corporate Power
Bitcoin Enters Extreme Fear Amid Strategic Sell-Off and Upcoming AI IPOs
Bitcoin’s price plunged sharply in June, driving the Fear and Greed Index to extreme fear, while analysts debate recovery timelines tied to AI sector developments and major IPOs.
Trade & Tariffs
U.S. Commits to Upholding Tariff Caps in Trade Agreements with EU and Japan
The United States confirms it will honor existing tariff limits with the European Union and Japan amid new tariffs tied to forced labor concerns.
AI & Tech Regulation
Trump DOJ Faces Setback as Judge’s Conviction in ICE Case Comes Under Review
A judge convicted of obstructing ICE agents has a strong chance of acquittal, which could undermine a key legal strategy used by the Trump DOJ against judges challenging immigration enforcement.