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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
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Most Popular
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
Success
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
By Emma BurleighApril 23, 2026
Environment
Officials will flush 50,000 toilets to flood a Utah lake in order to generate electricityplaceholder alt text
By Mead Gruver, Dorany Pineda and The Associated PressApril 22, 2026
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