Business
Tesla and SpaceX explore multi-trillion-dollar merger before Trump exits
Tesla and SpaceX have established independent board committees to evaluate a potential multi-trillion-dollar merger to consolidate Elon Musk's corporate empire.
Barclays to Cut 5,000 Jobs in AI-Fueled Push to Lower Costs
British banking giant Barclays is eliminating 5,000 roles in a technology and automation-driven cost-reduction effort, alongside a 12% rise in third-quarter pre-tax profits.
US stock futures tumble as oil prices surge and tech shares slide
US stock futures fell sharply as escalating Middle East conflicts pushed crude oil prices higher and profit-taking hit major technology shares.
Barclays to Cut 5,000 Jobs in AI-Fueled Push to Lower Costs
Barclays announced plans to cut 5,000 jobs as part of an artificial intelligence-driven strategy to lower costs, alongside reporting its third-quarter earnings.
Barclays Cuts 5,000 Jobs to Boost Automation and AI Efficiency
Barclays is eliminating roughly 5,000 positions by the end of 2026 as part of a sweeping technology-driven efficiency drive.
Barclays to cut 5,000 jobs as AI investment reshapes workforce
Barclays is eliminating 5,000 jobs by the end of 2026 as the bank accelerates its reliance on artificial intelligence and technology-driven efficiency.
Deepseek raises $15 billion in challenge to leading US labs, Bloomberg News reports
Chinese AI startup DeepSeek has secured approximately 100 billion yuan in a massive fundraising round backed by corporate players like Tencent.
Meta ordered to pay $25 billion by New Mexico judge in privacy case
A New Mexico judge ordered Meta to pay a $25 billion penalty after a jury concluded the tech giant misled residents regarding data collection practices.
New Mexico orders Meta to pay $25B over Cambridge Analytica privacy case
Meta has been ordered by a New Mexico judge to pay $25 billion following a jury verdict finding over 43 million violations of state consumer protection laws.
Anthropic model suspension sparks India AI independence debate
Anthropic's sudden suspension of its newest AI models following a U.S. directive has ignited a debate in India over technology dependence and sovereignty.
Airbnb hosts can no longer make guests strip beds and wash dishes under new rules
Airbnb is banning hosts from forcing guests to complete heavy checkout chores like washing dishes and stripping beds, addressing complaints over fees.
Nick Scali slashes profit guidance amid housing market slump
Furniture retailer Nick Scali has downgraded its profit forecast after suffering a 15 per cent drop in written sales orders amid challenging trading conditions.
Meta to pay $25B in New Mexico case over misleading Facebook users
A New Mexico state judge has ordered Meta to pay a $25 billion civil penalty following a landmark trial over data privacy and user deception tied to the Cambridge Analytica scandal.
Ontario economy shows resilience amid tariff and housing headwinds
Ontario navigates persistent trade and mortgage headwinds while benefiting from Canada's lowest inflation rate and incremental improvements in housing affordability.
Elon Musk says SpaceX and Tesla have begun exploring a merger
Elon Musk confirmed that SpaceX and Tesla have begun exploring a potential merger, with independent committees established to evaluate the tie-up.
Elon Musk says SpaceX-Tesla merger is 'a good idea' as companies form deal committees
Elon Musk has confirmed that special committees are evaluating a potential merger between SpaceX and Tesla, marking an official review of the union.
Anthropic logged net loss of over US$80 billion in first half of 2026: Report
Anthropic recorded a net loss exceeding US$80 billion in the first half of 2026, driven largely by non-cash accounting charges and massive infrastructure commitments revealed in an IPO prospectus.
Indonesia Stock Exchange to Meet MSCI Following Demotion Warning
Indonesia's stock exchange has scheduled talks with MSCI after a demotion warning threatened to reclassify the market as a standalone category.
Eric Schmidt’s 1% Anthropic stake could be worth tens of billions at IPO
Former Google Chief Executive Eric Schmidt stands to collect a massive payday as Anthropic accelerates toward an initial public offering.
SpaceX posts $14.6 billion third-quarter revenue as AI division surges
SpaceX posted $14.6 billion in revenue for the third quarter of 2026, easily beating expectations as its artificial intelligence division surged.