Is Big Tech’s $725B AI splurge being funded by mass layoffs?
A widely reported figure this past week is that 81,747 tech workers lost their jobs in Q1 2026, the highest quarterly layoff figure the industry has seen in at least…
Category
Category: Business
Australian central bank raises rates for third time as oil shock bites
The Reserve Bank of Australia has raised its official cash rate for the third consecutive time this year, taking it to 4.35% and effectively erasing all the monetary easing delivered…
Build-A-Bear recalls roughly 36,000 Heart-Warming Hugs Bears
Roughly 36,000 Heartwarming Hugs Bears, a stuffed animal manufactured by Build-A-Bear, are being recalled due to a zipper detaching from the bear’s pouch. Subscribe to read this story ad-free Get…
Thermos recalls 8.2 million bottles after stoppers eject, causing injury and reported vision loss
Thermos is recalling 8.2 million containers after consumers suffered laceration injuries — and in some cases reported permanent vision loss — when stoppers forcefully ejected from the products and struck…
The Onion’s bid to take over Alex Jones’ Infowars is in limbo as new court battles emerge
AUSTIN, Texas — The Onion’s plan to take over the Infowars platforms that Alex Jones built into a bullhorn of conspiracy theories and turn them into parody sites was in…
China’s GDP to rebound in Q1 as Iran war weighs on outlook
China’s economy is expected to have regained some momentum in the first quarter of 2026, supported by resilient export performance, according to a Reuters poll of economists. Gross domestic product…
APG signals private market expansion as rules ease
Europe’s largest pension investor, APG, is preparing to increase its allocation to private markets to just over 30% of its total assets, according to Patrick Kanters, chief investment officer for…
U.S. added 178,000 jobs in March, reflecting resilient labor market just as Iran war escalated
The United States added 178,000 jobs in March, blowing past expectations and showing a resilient labor market just as the war with Iran began escalating, sending up oil prices. Subscribe…