The rise of AI-washing in corporate layoffs
Companies cited AI as the reason for more than 50,000 layoffs in 2025, though analysts suggest many lack mature AI applications and are using the term to mask financial struggles.
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462 storiesAmazon’s $40 million ‘Melania’ film faces profit hurdles
Amazon’s “Melania” documentary exceeded opening weekend expectations with $7.04 million, though the film is unlikely to turn a profit given its high acquisition and promotion costs.
Musk appears to be merging ventures into a personal conglomerate
Elon Musk appears to be merging his ventures into a personal conglomerate, drawing comparisons to historical figures like Jack Welch and Gilded Age robber barons.
SpaceX reportedly eyes 2026 IPO as secondary market booms
SpaceX is reportedly lining up four major banks for a potential 2026 IPO, a move that could signal a broader reopening of the public markets.
Ethos Technologies debuts on Nasdaq in major tech IPO
Ethos Technologies debuted on the Nasdaq, raising approximately $200 million, as the profitable insurtech platform is watched as a bellwether for the 2026 listing cycle.
Apple reports record iPhone sales in best-ever quarter
Apple reported its best-ever iPhone quarter with $85 billion in sales, partially driven by surging demand in China and India and the popularity of the iPhone 17.
Apple reports strong earnings amid AI monetization questions
Apple reported $143.8 billion in quarterly revenue, but analysts are questioning the company's strategy for monetizing AI investments amid broader industry uncertainty.
Medium allows employees to join national strike against ICE
Medium CEO Tony Stubblebine is allowing employees to take Friday off to participate in a nationwide general strike protesting ICE raids in U.S. cities.
Investors question Microsoft’s AI returns despite strong earnings
Microsoft reported $81.3 billion in quarterly revenue, but shares dipped as investors questioned whether massive AI infrastructure spending will yield sufficient returns.
Tesla beats earnings estimates on strong energy storage growth
Tesla beat earnings estimates as its energy storage business grew significantly, helping offset a 45% profit decline in 2025 driven by lower electric vehicle sales.
Meta shifts VR strategy amid ongoing Reality Labs losses
Meta’s Reality Labs unit lost some $19.1 billion in 2025, prompting layoffs and a strategic pivot toward wearables as the company expects similar losses in 2026.
Microsoft earnings show $7.6 billion boost from OpenAI investment
Microsoft reported $81.3 billion in quarterly revenue, bolstered by a $7.6 billion net income increase tied to its OpenAI investment and significant Azure commitments from AI partners.
Tesla profit drops 46% as company pivots to AI
Tesla’s profit fell 46% globally in 2025 as car sales declined for the second consecutive year, prompting a strategic pivot toward AI and energy investments.
Once Upon a Farm revives IPO plans with $764.4M valuation
Once Upon a Farm has resumed its IPO plans, targeting a $764.4 million valuation and an expected February 6 debut, which may signal a broader market thaw.
SpaceX targets $1.5 trillion valuation in potential June IPO
SpaceX is reportedly eyeing a June IPO to raise at least $50 billion, aiming for a $1.5 trillion valuation to fund its Starship rocket development.
Allbirds to close nearly all its physical stores by February
Allbirds is closing almost all of its physical stores by the end of February, leaving just two U.S. outlet locations and two full-price stores in London open.
Amazon shifts retail strategy as it cuts 16,000 corporate roles
Amazon is cutting 16,000 corporate jobs, its second major reduction in three months, while simultaneously pivoting its physical retail strategy toward Whole Foods expansion.
Shadowfax shares fall on market debut amid client concentration fears
Shadowfax shares fell about 9% on its market debut, as investors weighed concerns about the logistics firm’s heavy reliance on a small group of large e-commerce clients.
Amazon to close branded stores, focus on Whole Foods expansion
Amazon is closing its branded Amazon Go and Amazon Fresh stores to prioritize Whole Foods expansion and licensing its "Just Walk Out" technology to third parties.
Pinterest to cut workforce by less than 15% to focus on AI
Pinterest plans to lay off less than 15% of its workforce by late September, reallocating resources toward AI-focused roles and products.