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Tens of thousands of layoffs are being blamed on AI. Experts say there may be more to the story.

Large U.S. companies are pointing to AI to justify job cuts, but some experts question whether AI is a cover for more traditional business challenges.
People stand in the lobby for Amazon offices in New York on Feb. 14, 2019.
People stand in the lobby for Amazon offices in New York on Feb. 14, 2019.
2d ago

Nvidia becomes the first company worth $5 trillion, powered by the AI frenzy

The AI giant is now worth more than the GDP of every country on earth except the United States and China.
NVIDIA headquarters in Santa Clara, Calif.
NVIDIA headquarters in Santa Clara, Calif.
2d ago

Fed cuts key interest rate as big firms lay off thousands and inflation creeps higher

Jerome Powell said that there are "strongly differing views" at the Fed about what to do next as it weighs mixed economic signals.
Federal Reserve Chair Jerome Powell speaks following a meeting of the Federal Open Market Committee on Oct. 29, 2025.
Federal Reserve Chair Jerome Powell speaks following a meeting of the Federal Open Market Committee on Oct. 29, 2025.
2d ago

Media

Media

Paramount Skydance begins layoffs, plans to slash about 2,000 jobs

The widely anticipated job cuts come just months after the trump administration greenlit the company's $8 billion merger.
Skydance Set To Seal Paramount Merger As Bronfman Drops Out
Skydance Set To Seal Paramount Merger As Bronfman Drops Out
2d ago

GM to cut thousands of jobs in Michigan, Tennessee and Ohio

The automaker cited "an evolving regulatory environment" and slower consumer adoption of electric vehicles.
The General Motors Co. headquarters.
The General Motors Co. headquarters.

Graphic: Halloween candy’s startling rise in price

An average bag of candy costs 78% more than it did five years ago.
Halloween Candy By The Numbers
Halloween Candy By The Numbers
3d ago

Apple becomes third company in history to crack $4 trillion market value

Microsoft hit the milestone a second time, while Nvidia marched toward $5 trillion.
Apple Ahead Of Earnings Figures
Apple Ahead Of Earnings Figures

Federal employees manning the skies miss first paycheck amid government shutdown

Air traffic controllers and TSA workers are among the essential employees who are required to work during a shutdown.
An airplane flies near a control tower on a dark cloudy day
An airplane flies near a control tower on a dark cloudy day

Microsoft and OpenAI reach new deal valuing OpenAI at $500 billion

The deal removes a major constraint on raising capital for OpenAI, which was founded as a nonprofit AI safety group.
Open AI CEO Speaks At Annual Snowflake Summit In San Francisco
Open AI CEO Speaks At Annual Snowflake Summit In San Francisco
3d ago

Climate change

Climate change

Bill Gates calls for 'strategic pivot' in climate change fight

The Microsoft co-founder said there should be more focus on fighting poverty and preventing disease than curbing emissions.
Bill Gates takes part in a panel at the Annual Meeting of World Economic Forum in Davos, Switzerland, Wednesday, Jan. 17, 2024.
Bill Gates takes part in a panel at the Annual Meeting of World Economic Forum in Davos, Switzerland, Wednesday, Jan. 17, 2024.

Amazon to lay off 14,000 corporate employees

It's the biggest round of layoffs for the tech giant in years, as leadership says it's investing more in artificial intelligence.
Pedestrians outside an Amazon office.
Pedestrians outside an Amazon office.

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