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Meta CEO Mark Zuckerberg in Washington, D.C. on March 26, 2026. (Tom Williams/CQ-Roll Call/Getty Images)
Meta cuts 8,000 workers to relieve AI spending pressure

In today’s edition: Meta layoffs, Intel earnings, SpaceX lawsuits. Plus: Apple, Microsoft, Polymarket, SAP, Singapore, Tesla, U.K.

By Andrew NuscaApril 24, 2026
Intel CEO Lip Bu Tan crushed Wall Street targets on his 1-year anniversary: We are embracing our ‘paranoid’ roots
Intel CEO Lip Bu Tan crushed Wall Street targets on his 1-year anniversary: We are embracing our ‘paranoid’ roots
By Alexei OreskovicApril 23, 2026
Jensen Huang stands smiling with his arms outstretched.
‘Don’t leave’: Jensen Huang challenges billionaire class as he insists ‘highest taxes in the world’ are OK with him
By Jacqueline MunisApril 23, 2026
Tesla stock dives on news that it earned next to nothing on cars in Q1, and plans to spend $25 billion in CapEx anyway
Tesla stock dives on news that it earned next to nothing on cars in Q1, and plans to spend $25 billion in CapEx anyway
By Shawn TullyApril 23, 2026
Spotify just turned 20. Here’s how founder Daniel Ek built it into a $100 billion music empire by being the ‘least powerful person’ at the company
Spotify just turned 20. Here’s how founder Daniel Ek built it into a $100 billion music empire by being the ‘least powerful person’ at the company
By Marco Quiroz-GutierrezApril 23, 2026
Meta, Microsoft look to trim workforces amid heavy AI spending
Meta, Microsoft look to trim workforces amid heavy AI spending
By Kurt Wagner, Brody Ford and BloombergApril 23, 2026
Latest Stories
Gas prices over five dollars a gallon are displayed at an Exxon gas station near the U.S. Capitol Building on March 31, 2026 in Washington, DC.
EconomyGood news: Rumors of a K-shaped economy are overblown so far, says Goldman Sachs. Bad news: 2026 is the year it will really bite
By Eleanor PringleApril 24, 2026
Top CD rates today, April 24, 2026: Lock in up to up to 4.20%
Personal FinanceTop CD rates today, April 24, 2026: Lock in up to up to 4.20%
By Glen Luke FlanaganApril 24, 2026
Today’s top high-yield savings rates: Up to 5.00% on April 24, 2026
Personal FinanceToday’s top high-yield savings rates: Up to 5.00% on April 24, 2026
By Glen Luke FlanaganApril 24, 2026
Upstart’s new millennial CEO, a Yale dropout, thinks AI can make every American 10% richer
NewslettersUpstart’s new millennial CEO, a Yale dropout, thinks AI can make every American 10% richer
By Diane BradyApril 24, 2026
Photo: Donald Trump.
EnergyStocks slump globally as Trump says he’s in no rush to end the war—and California is running out of jet fuel
By Jim EdwardsApril 24, 2026
robert isom
InvestingAmerican Airlines CEO calls United merger ‘a non-starter’: ‘No way to view that as anything but anti-competitive’
By Jake AngeloApril 24, 2026
The Valero Refinery in Benicia, Calif., on Wednesday, April 16, 2025. Valero is closing its refinery in Benicia in April 2026. (Photo by Carlos Avila Gonzalez/San Francisco Chronicle via Getty Images)
EnergyCalifornia’s oil and jet fuel supply is getting slammed by a perfect storm of unfortunate timing—and help is years away
By Jordan BlumApril 24, 2026
Mortgage rates today, April 24, 2026
Personal FinanceMortgage rates today, April 24, 2026
By Glen Luke FlanaganApril 24, 2026
More Big TechPage 25 of 55
A television station broadcasts Jerome Powell, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Oct. 29, 2025.
Big TechWall Street cheers bad news on jobs, sending stocks higher and betting that a soft labor market will force Powell’s hand in December
By Damian J. Troise and The Associated PressNovember 5, 2025
NYSE broker
InvestingA top analyst warned of a ‘prisoner’s dilemma’ and ‘AI wobble’ in the stock market just days before Palantir seemed to confirm everyone’s fears
By Nick LichtenbergNovember 5, 2025
Palantir CEO Alex Karp
SuccessPalantir says college is no longer a reliable training ground—so it hired 22 high school students instead: ‘Skip the debt. Skip the indoctrination.’
By Emma BurleighNovember 5, 2025
Co-founders Esha Manideep (CTO, Left), Varun Vummadi (CEO, Right)
AIExclusive: Voice AI startup Giga raises $61 million to take on customer service automation
By Beatrice NolanNovember 5, 2025
Meet the power broker of the AI age: OpenAI’s ‘builder-in-chief’ helping to turn Sam Altman’s trillion-dollar data center dreams into reality
AIMeet the power broker of the AI age: OpenAI’s ‘builder-in-chief’ helping to turn Sam Altman’s trillion-dollar data center dreams into reality
By Sharon GoldmanNovember 5, 2025
Palantir CEO Alex Karp said the tech giant “was really the first company to be completely anti-woke" on Monday.
Big TechPalantir CEO celebrates ‘anti-woke’ playbook and ‘cultus’ winning strategy after yet another earnings beat
By Nino PaoliNovember 4, 2025
Roelof Botha steps aside as Sequoia’s steward, passing the role to Alfred Lin and Pat Grady
Startups & VentureRoelof Botha steps aside as Sequoia’s steward, passing the role to Alfred Lin and Pat Grady
By Allie GarfinkleNovember 4, 2025
Dara Khosrowshahi looking none too pleased
Big TechUber says ‘unpredictable’ issues involving ‘legal proceedings or governmental investigations’ took a $479 million bite out of its bottom line
By Dave SmithNovember 4, 2025
Michael Burry stands in front of a dark background with "The Big Short" printed on it.
Investing‘Big Short’ investor Michael Burry follows up cryptic AI bubble warning with bearish stock activity on Nvidia and Palantir
By Sasha RogelbergNovember 4, 2025
President Trump and Elon Musk
SuccessAmerica’s wealthiest billionaires got $698 billion richer this year—and Trump’s tax policy could give them a new windfall
By Emma BurleighNovember 4, 2025
Traders work on the floor of the New York Stock Exchange (NYSE) in New York on October 30, 2025.
EconomyWall Street sinks under the weight of its own expectations as Big Tech’s AI high fades and Fed doubts creep in
By The Associated PressNovember 4, 2025
Palantir quarterly revenue hits $1.2B, though shares dip in after-hours trading
Big TechPalantir quarterly revenue hits $1.2B, though shares dip in after-hours trading
By Jessica MathewsNovember 3, 2025
OpenAI signs $38 billion deal to power AI tools with ‘hundred of thousands’ of Nvidia chips via Amazon Web Services
AIOpenAI signs $38 billion deal to power AI tools with ‘hundred of thousands’ of Nvidia chips via Amazon Web Services
By The Associated PressNovember 3, 2025
Microsoft to send Nvidia’s top AI chips to the UAE despite Trump saying they wouldn’t be exported outside the U.S.
AIMicrosoft to send Nvidia’s top AI chips to the UAE despite Trump saying they wouldn’t be exported outside the U.S.
By The Associated PressNovember 3, 2025
Amazon is experimenting at Whole Foods by selling mainstream brands like Pepsi, Kraft, and Chips Ahoy—and some will be hand-delivered by robots
Big TechAmazon is experimenting at Whole Foods by selling mainstream brands like Pepsi, Kraft, and Chips Ahoy—and some will be hand-delivered by robots
By Brendan Cosgrove and Morning BrewNovember 3, 2025
An aerial view of one of Microsoft's data centers on a sunny day
InvestingThis ETF is handily beating the S&P 500—and analysts say it could be one of the big winners of the AI boom
By Dave SmithNovember 3, 2025
Exclusive: Airwallex crosses $1 billion in annualized revenue as fintech unicorn takes on U.S. competitors like Ramp and Stripe
Startups & VentureExclusive: Airwallex crosses $1 billion in annualized revenue as fintech unicorn takes on U.S. competitors like Ramp and Stripe
By Leo SchwartzNovember 3, 2025
Thanks to a donation from a Silicon Valley billionaire, the nation’s largest police fleet of Tesla Cybertrucks is about to hit the streets of Vegas
Big TechThanks to a donation from a Silicon Valley billionaire, the nation’s largest police fleet of Tesla Cybertrucks is about to hit the streets of Vegas
By Jessica Hill and The Associated PressNovember 2, 2025
Andy Jassy sits and holds up his fingers as if to describe how small something is
AIAmazon says its AI shopping assistant Rufus is so effective it’s on pace to pull in an extra $10 billion in sales
By Dave SmithNovember 2, 2025
‘Godfather of AI’ says tech giants can’t profit from their astronomical investments unless human labor is replaced
AI‘Godfather of AI’ says tech giants can’t profit from their astronomical investments unless human labor is replaced
By Jason MaNovember 1, 2025
Nvidia chief still hopes to sell Blackwell chips to China
AINvidia chief still hopes to sell Blackwell chips to China
By MacKenzie Hawkins, Josh Xiao and BloombergNovember 1, 2025
Buffett’s Berkshire Hathaway cash pile soars to $382 billion
InvestingBuffett’s Berkshire Hathaway cash pile soars to $382 billion
By Alexandre Rajbhandari and BloombergNovember 1, 2025
More than half of Gen Z says they only use cash as ‘a last resort’ and doing so is ‘cringe,’ survey shows
BankingMore than half of Gen Z says they only use cash as ‘a last resort’ and doing so is ‘cringe,’ survey shows
By Sydney LakeNovember 1, 2025
CEO Andy Jassy says Amazon’s 14,000 layoffs weren’t about cutting costs or AI taking jobs: ‘It’s culture’
C-SuiteCEO Andy Jassy says Amazon’s 14,000 layoffs weren’t about cutting costs or AI taking jobs: ‘It’s culture’
By Marco Quiroz-GutierrezNovember 1, 2025
Amazon.com President and CEO Andy Jassy leaves the Sun Valley Lodge at the Allen & Company Sun Valley Conference on July 8, 2025 in Sun Valley, Idaho.
Big TechAmazon laid off over 14,000 people this week—but Wall Street is loving it anyway
By Stan Choe and The Associated PressOctober 31, 2025
Meta’s $27 billion bet turns AI compute into Wall Street’s hottest new investment
NewslettersMeta’s $27 billion bet turns AI compute into Wall Street’s hottest new investment
By Sharon GoldmanOctober 31, 2025
Sam Altman with a colorful window behind him
EconomySince ChatGPT launched, job openings are down 30% while the stock market is up 70%. One economist says the true culprit isn’t AI, but monetary policy
By Dave SmithOctober 31, 2025
Ana Paula Assis, senior vice president EMEA and growth markets, speaking on stage at Fortune Global Forum in Riyadh, Saudi Arabia.
NewslettersAI bubble talk grips the market. The C-suite? Not so much.
By Jeremy KahnOctober 30, 2025
Airbnb CEO Brian Chesky
SuccessAirbnb CEO Brian Chesky says employers need to hire Gen Z even if ‘AI can do the interns’ work’—or one day, the bots will outnumber bosses
By Emma BurleighOctober 30, 2025
Reddit founder Alexis Ohanian kept receipts from trolls who mocked his bet on women’s sports: ‘Every time we hit another revenue milestone, I tag them and thank them for the motivation’
ConferencesReddit founder Alexis Ohanian kept receipts from trolls who mocked his bet on women’s sports: ‘Every time we hit another revenue milestone, I tag them and thank them for the motivation’
By Orianna Rosa RoyleOctober 30, 2025
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Economy
When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power,’ warns Hoover historianplaceholder alt text
By Eleanor PringleApril 23, 2026
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Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement accountplaceholder alt text
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Officials will flush 50,000 toilets to flood a Utah lake in order to generate electricityplaceholder alt text
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