BUSINESS

Coinbase is cutting about 700 jobs after CEO Brian Armstrong told staff in a 7am email that artificial intelligence now allows work to be done far more quickly, prompting a major restructuring.

Cloudflare is laying off 1,100 employees as it restructures around AI, despite strong earnings. The move reflects a broader trend of automation reshaping corporate structures.

Microsoft's first US Voluntary Retirement Program offers cash severance, health coverage, and stock vesting based on service and level. Learn about eligibility, benefits, and why this rare opportunity may not come again.

Canvas suffered a cyberattack by ShinyHunters, disrupting services globally and threatening to leak data unless talks begin by 12 May.

Justin Schneider turned $15,000 into Wolf & Shepherd, a $50M shoe brand known for innovation and performance. Discover the challenges and triumphs that drove over $1M in revenue in the first year.

Tomi Mikula's Delivrd revolutionizes car buying with pro negotiation services, saving clients ~$6,300 per deal. This remote business has generated $2.3M in revenue.

A business-focused guide to Canada's online gambling rules, Ontario's regulated market, licensing, tax questions, identity checks and responsible gambling.

Navigating Saudi Arabia's complex regulations is easier — and safer — with experienced company formation consultants.

Meta and Mark Zuckerberg are accused in a major lawsuit of using millions of copyrighted books to train AI without permission, igniting a global debate over AI copyright, fair use, and author rights.

Warren Buffett and Jim Cramer debate modern market risks, with Buffett warning against speculative trading and Cramer highlighting the dangers of passive investing's concentration risks.

Mexican billionaire Ricardo Salinas Pliego was defrauded of over $450 million by Vladimir Sklarov, who posed as a loan provider for sham company Astor Capital Fund. Sklarov was arrested in Chicago on 2 May.

Former JP Morgan banker Chirayu Rana accuses executive Lorna Hajdini of sexual and racial abuse, seeking $11.7 million. JPMC denies the allegations, citing an internal investigation finding no misconduct.

Sony and GIC near a $4 billion acquisition of Blackstone's Recognition Music Group, securing 45,000 iconic songs from artists like Bieber and Neil Young. Discover the impact on the music industry.

The $2.67 billion Blue Cross Blue Shield settlement enters its payout phase, with payments expected to begin in May.

A Reddit user shares their experience of being stranded by an Uber driver due to a security glitch, sparking discussions on the reliability of automated support systems in emergencies.

The upcoming SpaceX IPO reveals Elon Musk's significant control over the company, sparking debate over shareholder rights and regulatory scrutiny amid high investor interest.

Jane Fonda's divorce from Ted Turner resulted in a settlement exceeding $100 million, including cash, stock, and real estate, highlighting one of Hollywood's most significant divorce deals.

Samsung Electronics became the second Asian firm after TSMC to reach a $1 trillion valuation as shares surged 15%, driven by record AI chip profits.

Coinbase CEO Brian Armstrong announces a 14% workforce reduction, citing AI's transformative impact on operations and the need for a leaner company structure.

Investing in a premium data center can prevent costly downtime, energy inefficiencies, and compliance gaps, ensuring business reliability and efficiency. Learn how to choose the right solution for your needs.

GLP-1, initially for type 2 diabetes, is now a weight-loss aid. Consumer spending shifts towards practical nutrition, with affordability being a key factor in GLP-1 usage.

New data shows many firms still rely on manual dock processes, creating delays, inefficiencies, and missed opportunities.

A cultural tea salon at the British Library brought together UK and Chinese leaders to spark new business, cultural, and creative collaborations.

Mobile gaming dominates Africa's booming iGaming market, driven by smartphone access and a young user base, with South Africa at the forefront thanks to strong infrastructure and regulation.

Radiant Mobile, a Christian network, uses network-level filters to block content like pornography and LGBTQ topics, aiming to create a 'Jesus-centric' environment. It plans expansion beyond the US.

Greg Brockman told a court he feared Elon Musk might attack him during a tense 2017 clash over OpenAI's direction.

A new report reveals views on UK nightlife's decline, with experts warning clubs share blame alongside wider social and economic pressures.

A viral Reddit post revives criticism of Starbucks' small tables as the chain renovates 1,000 stores, closes hundreds, and defends its $9 coffee as a 'premium experience'.

Apple settles $250M class-action lawsuit over unfulfilled AI Siri features on iPhone 16 and 15 Pro models. Eligible US buyers can claim $25-$95 per device. Learn how to file your claim.