When will Meta implement 8,000 job cuts amid an AI focus?
Meta Platforms is reportedly planning to cut around 8,000 jobs — roughly 10% of its workforce — as part of a major efficiency drive to accelerate its shift toward artificial…
The Iran military command closes Strait of Hormuz again
Iran’s military command has announced the re-closure of the Strait of Hormuz to international vessels, reigniting severe geopolitical tensions in the world’s most critical oil chokepoint. The move has immediately…
Iran confirms Strait of Hormuz open to all vessels, causing crude prices to drop 14% and airline and cruise stocks to surge.
Iran has officially confirmed that the Strait of Hormuz remains fully open to all international vessels, dramatically easing fears of oil supply disruption. The announcement sent crude oil prices plunging…
Circle CEO sees Yuan stablecoin opportunity within five years
Circle CEO Jeremy Allaire has predicted that a Chinese Yuan-backed stablecoin could emerge as a major opportunity within the next five years. The statement highlights growing institutional interest in tokenized…
Bitcoin Price Holds Near $75K Amid ETF Inflows and $32.4M Bitcoin Hyper Presale
Bitcoin continues to hold steady near the $75,000 level as institutional demand remains strong, with significant inflows into Bitcoin ETFs and growing interest in new projects like the Bitcoin Hyper…
Perplexity Says Web Search ‘Outdated’—And Asserts AI Disruption Was ‘Inevitable’
Perplexity AI, the fast-growing AI-powered search engine, has boldly declared traditional web search “outdated” and stated that the disruption brought by AI was “inevitable.” The company is positioning itself as…
Netflix Beats Q1 Earnings, Shares Slide On Soft Guidance, Co-Founder Exit
Netflix delivered a strong Q1 earnings beat with robust subscriber growth and revenue, but shares slid after the company issued softer-than-expected guidance for the coming quarter and news emerged of…
Web3 Suffers $482.6 Million in Losses in Q1 2026, Driven by Phishing and Smart Contract Exploits
Web3 projects and users experienced significant losses totaling $482.6 million in the first quarter of 2026, according to security reports. The majority of these losses were attributed to sophisticated phishing…
US weekly jobless claims totaled 207,000 for the April 11 week, below the 215,000 estimate.
The U.S. Labor Department reported that initial jobless claims for the week ending April 11 came in at 207,000, beating economists’ expectations of 215,000. This lower-than-expected figure signals continued strength…
US Banks Post $50 Billion Profit as Tensions with Iran Rattle Global Markets
Major U.S. banks have collectively reported a massive $50 billion in quarterly profits, showcasing remarkable resilience amid rising geopolitical tensions with Iran. While strong earnings reflect healthy loan growth, higher…