Business

Block’s AI Layoffs Ignite Firestorm, 4,000 Jobs Cut

Block, the financial technology company founded by Jack Dorsey, recently announced plans to eliminate more than 4,000 jobs as part of what it described as an artificial intelligence–driven restructuring.

U.S. Services PMI Explodes Past Forecasts

The U.S. services sector expanded at its fastest pace in more than three years in February, significantly outperforming economists’ expectations.

Kraken Scores Federal Reserve Master Account in Huge Crypto Move

Kraken, one of the world’s largest cryptocurrency exchanges, has been granted a Federal Reserve master account.

Anker National Security Alarm, Lawmakers Demand Probe

Rep. Elise Stefanik (R-NY) and Sen. Rick Scott (R-FL) are calling for a formal federal investigation into Chinese home electronics manufacturer Anker Innovations.

Skydance Paramount Warner Merger Set to Reshape Streaming

The proposed $110 billion merger between Skydance’s Paramount and Warner Bros. Discovery appears increasingly likely to move forward.

Social Media Addiction Lawsuit Trial Targets Tech Giants

A 20-year-old woman identified in court only as K.G.M. testified Thursday in a closely watched lawsuit alleging addictive design practices by major social media platforms.

Nvidia Stock Falls After Earnings Beat Expectations

Nvidia shares fell more than four percent in morning trading Thursday even after the chipmaker posted quarterly results that beat Wall Street expectations.

Warner Bros Discovery Paramount $31 Offer Challenges Netflix

Warner Bros. Discovery announced Tuesday that Paramount Skydance has increased its purchase offer to $31 per share in cash.

Washington Business Leaders Warn on $2B Spending Boost

Several of Washington state’s leading business organizations are urging lawmakers to proceed cautiously as Democrats advance supplemental budget proposals.

Music City Loop Nashville Tunnel Moves Forward

An underground tunnel project connecting downtown Nashville to Nashville International Airport moved forward Wednesday.

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