Meta is preparing to cut roughly 10 percent of its workforce starting May 20, while simultaneously pouring billions into AI infrastructure. The workers being shed and the workers being hired are not the same people.
Live Nation lost on every single count. The company's response: 'This is not the last word.' They're right — and fans shouldn't hold their breath for cheaper tickets.
Indian Oil Corp bought $200 million worth of Iranian crude and paid in Chinese yuan through ICICI's Shanghai branch. The US dollar — the lingua franca of global oil trade — didn't touch this transaction once.
China's Q1 GDP beat forecasts at 5%, powered by infrastructure spending. Then March export growth collapsed from 22% to 2.5% as the Iran war disrupted global trade — and Q2 hasn't even started counting yet.
The International Energy Agency quantified what markets refused to price: the Iran blockade has removed roughly 20% of global oil supply, demand is shrinking at pandemic rates, and Europe has six weeks of jet fuel in reserve. The diplomatic optimism flowing from Islamabad cannot change the math.
The S&P 500 erased every wartime loss and hit a new record on Wednesday. Oil is still above $90 a barrel, the IMF just cut its growth forecast, and the ceasefire expires next Wednesday.
Allbirds sold its shoe brand for $39 million and announced a pivot to GPU-as-a-Service. The stock jumped more than 400%.
The legal authority to fire a Federal Reserve chair has never been tested in 113 years. Donald Trump just said he'll do it next month if Jerome Powell doesn't leave quietly.
Memory chips went from 30% to 51% of ASML's new tool sales in a single quarter. South Korea bought 45 cents of every euro. The AI investment cycle isn't cooling — it's compounding, and the receipts are all landing in one Dutch suburb.
Justifying OpenAI's $852 billion valuation requires an IPO at $1.2 trillion or more, one investor told the FT — making Anthropic's $380 billion look like a bargain.
The International Monetary Fund cut its global growth forecast today and warned that an escalation in the Iran conflict could tip the world economy into recession. The warning landed on the same day US wholesale inflation data came in hotter than expected.
Scott Kirby personally pitched the White House on merging United with American — a deal that would create the world's largest airline and eliminate one of the four carriers dominating US skies. Under any recent antitrust regime, it would be unthinkable. These aren't those times.
Evergrande's founder confessed to fraud in a Shenzhen courtroom on Monday. By Tuesday morning, Beijing reported its weakest export growth in six months and an import surge that signals either resilience or panic stockpiling.
Brazil's top labour inspector defied a direct order from his minister to keep BYD off the country's slave labour registry. He added the company anyway. He was fired days later. A court has already removed BYD from the list.
A leaked four-page memo from OpenAI's revenue chief reads like a war plan: lock in enterprise users, attack Anthropic's numbers, and use Amazon to outflank Microsoft. Days earlier, the company quietly shelved a multibillion-pound UK data centre project.
PIMCO's commodity fund is down 20%. Citadel lost $1 billion in a week. These are the firms that get rich when markets go crazy — and the Iran war just proved markets can go crazier than anyone priced in.
The five largest US lenders are on track for their biggest combined trading haul since at least 2014 — thanks in large part to the same Iran-war volatility that has policymakers warning of a darkening global outlook.
Gasoline posted its largest monthly price surge since 1967, driving nearly three-quarters of a 0.9% CPI jump. The Iran war has arrived at the pump — and it's coming for the rest of the world next.
Gold is having its worst month since 2008. Chinese biotech is the new safe haven. The IMF says every growth scenario it has modelled shows permanent damage to the global economy.
Volkswagen sold 248 ID.4s in America last quarter after the EV tax credit expired. Its replacement on the Chattanooga factory line? A gas-powered, three-row SUV.
lop News
Maynard Keys