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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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.
Markets & Macro
Rising U.S. Oil Production Dims Economic Impact of Oil Price Shocks, Fed Study Shows
A Federal Reserve study reveals that increased domestic oil output has softened oil shocks’ effects on U.S. employment, shifting the challenge mainly to inflation rather than recession.
Markets & Macro
Amazon Faces Backlash from Engineers Over AI Spending Amid Massive Job Cuts
Amazon engineers criticized the company for investing heavily in AI data centers while cutting tens of thousands of corporate jobs, prompting Seattle to impose a temporary moratorium on new data center projects.
Markets & Macro
Ethereum Treasury Giant BitMine Launches 9.5% Preferred Stock Offering Amid $8.5 Billion Paper Losses
BitMine aims to raise $300 million through a high-yield preferred stock sale to fund further Ethereum accumulation despite significant unrealized losses.
Markets & Macro
US Treasury Broadens Crypto Sanctions Targeting Iran’s Nobitex and Other Exchanges
The US Treasury has extended sanctions to include Iran’s Nobitex and several smaller crypto platforms, alleging their role in facilitating illicit fund flows connected to the Iranian regime.
Markets & Macro
Main Street Fair Grows Attendance and Venue with Expanded Entertainment Lineup
Main Street Fair expects increased attendance and extended festival grounds, featuring multiple stages with diverse performers and community-focused amenities.
Markets & Macro
AI Sparks Emergence of New Tech Roles Focused on Deployment and Evaluation
Companies are creating several new job categories centered on deploying, managing, and evaluating AI systems as demand grows for experts who bridge AI models and practical use.
Markets & Macro
US Treasury Advances Bitcoin Reserve Plans and Eyes Summer Passage of CLARITY Act
The US Treasury accelerates efforts to build a strategic Bitcoin reserve while anticipating Senate approval of the CLARITY Act to regulate digital assets this summer.
Markets & Macro
Fed Beige Book Highlights Rising Inflation and Margin Pressure on Consumer Companies
The latest Federal Reserve Beige Book reveals growing inflation driven by energy costs, squeezing profit margins and changing consumer spending habits across income levels.
Markets & Macro
Treasury Secretary Supports Summer Push for CLARITY Act as Bitcoin Reserve Progresses Cautiously
Treasury Secretary Scott Bessent signaled executive backing for advancing the CLARITY Act this summer while describing the federal Bitcoin reserve plan as progressing with measured caution.
Markets & Macro
Integer Technologies to Grow LSU Partnership, Adding 23 High-Paying Jobs
Integer Technologies will expand its LSU operations, creating 23 new jobs averaging $130,000 annually to advance defense technology development.