AI drives tech job cuts in 2026 to over 50,000, say employers
U.S. Tech Employment Starts Year with Significant Layoffs The technology sector in the U.S. has faced its most challenging beginning to a year since 2023, largely due to the impact of artificial intelligence, which has contributed to substantial layoffs. A report from executive coaching firm Challenger, Gray & Christmas highlighted that 52,050 tech jobs were […]
Saks Global plans to leave bankruptcy this summer with $500 million in funding.
Saks Global is set to exit bankruptcy protection this summer, thanks to a $500 million financing deal from a group of bondholders to support its luxury store operations, the company shared on Thursday. Owners of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, mentioned they’ve secured “restructuring support agreements” with several bondholders. They aim to […]
Tesla experiences one of its lowest sales quarters in years as decline persists
Heading into 2026, Tesla, once a favorite on Wall Street, recorded one of its weakest sales quarters in years as it struggles to shift its business strategy. In the first quarter, the company delivered 358,023 vehicles, falling short of expectations. Analysts had forecasted average shipments of around 372,160 units, as reported by Bloomberg. This figure […]
Stocks drop 400 points, US oil prices rise sharply after Trump pledges to take strong action against Iran soon.
U.S. stocks dropped significantly on Thursday morning, driven by a spike in oil prices following President Trump’s promise to take “extremely severe” actions against Iran. Investors remain uncertain about the timeline for restoring the free flow of oil through the Strait of Hormuz. By about 10:25 a.m. ET, the Dow Jones Industrial Average had fallen […]
Weekend co-anchor Janai Norman has left ‘Good Morning America’: report
The weekend co-anchor of ABC’s “Good Morning America” has been let go after the Disney-owned network chose not to renew her contract, as reported recently. Janay Norman, who became part of ABC News in 2016 and took on the co-anchor role of “GMA Weekend” in 2022, is set to part ways with the show. The […]
Al Jazeera establishes hidden backup studio due to concerns about an Israeli cyberattack on its Doha headquarters, according to sources.
Al Jazeera has heightened its security measures amid rising tensions from the Iran war, including setting up a hidden backup studio. This move is in response to fears of a potential Israeli cyberattack targeting its opulent headquarters in Doha, Qatar. The network, facing scrutiny since the conflict’s onset on February 28, has reportedly created a […]
Top Chinese Amazon seller accused of seeking ‘contract killing’ in dispute with US warehouse owner: lawsuit
Executives at Amazon’s biggest third-party seller are under investigation for allegedly posting ads that sought contract killers targeting the CEO of a U.S.-based warehouse operator, embroiled in a dispute over unpaid storage fees. This unsettling situation came to light recently. The conflict began last spring when Vevor Inc., a DIY manufacturer from China, was found […]
Megyn Kelly discusses Kristi Noem’s husband’s controversy over fake breasts
Megyn Kelly Discusses Allegations Against Kristi Noem’s Husband Megyn Kelly recently discussed the serious allegations surrounding Kristi Noem’s husband, Bryon, emphasizing that the implications of this situation extend well beyond the currently murky details. On her SiriusXM podcast, Kelly described a report from the Daily Mail as “remarkable in so many ways,” expressing her concerns […]
SpaceX seeks to go public with a major IPO for its rocket manufacturing business, according to a report.
SpaceX’s Secret IPO Filing Elon Musk’s SpaceX has quietly filed for an initial public offering (IPO), which could potentially be the largest stock market listing ever, according to sources who spoke to Reuters on Wednesday. If successful, a valuation of over $1.75 trillion would signify a shift in the space industry from being viewed as […]
What keeps her in the job?
A local TV news anchor in Alabama has stirred significant backlash online after quoting the founder of a controversial Islamic group linked to terrorism in her recent broadcast. Ashonti Ford, who is 38 years old, concluded her 6 p.m. segment on ABC 33/40 WBMA-LD in Birmingham last Thursday with a quote attributed to Hassan al-Banna, […]