Barclays on Thursday said it’s cutting 5,000 jobs, about 5% of its workforce, as the bank relies on artificial intelligence to perform back-office tasks.
Facing a potentially giant tax bill that could threaten his voting power, Zuckerberg was days away from listing his Palo Alto home when Meta agreed to create a new class of stock.
Oil flows out of the Persian Gulf in October nearly returned to levels seen before the start of the Iran war, but traders remain wary about a fragile recovery.
As Elon Musk aims to increase SpaceX’s computing capacity exponentially, he’ll face challenges related to funding, power supply and simply securing sufficient chips.
Agricultural markets around the world are already dealing with record-high diesel prices and high fertilizer costs. A “super” El Niño is almost guaranteed to make matters worse for farmers and consumers.
For investors worried that the runaway artificial-intelligence trade might be about to hit the skids, prediction markets are already starting to reflect that anxiety.
Wall Street’s Big Three have generated $52 billion in equity trading revenue this year, capturing about 80% of the market on rising margin lending to hedge funds.
News text belongs to its source; only the headline and a short summary appear here.