BUSINESS

Meta plans to cut 8,000 jobs, about 10% of its workforce, to offset AI-related costs. The restructuring affects roles in recruitment and operations, with a focus on AI engineering.

A US Army soldier is charged with using classified information about a Venezuelan mission to profit over $409,000 on Polymarket, raising concerns about prediction markets and national security

Meta Platforms plans to cut 8,000 jobs and freeze hiring for 6,000 roles, aiming for structural efficiency amid its AI expansion. Severance packages and future layoffs are also detailed.

Disney has begun paying out severance packages in its first wave of layoffs under new CEO Josh D'Amaro, with payouts tied to level and years of service, and some staff receiving bonuses, unused holiday pay, and continued health cover.

Tesla's Q1 earnings beat expectations, but planned AI and robotics investments, including Optimus, raised spending concerns that tempered initial stock gains.

A Virginia judge approved a £315 million settlement for Capital One customers affected by a transition to savings accounts.

Tron founder Justin Sun sued Trump-backed World Liberty Financial, alleging fraud and extortion, while facing resistance from Eric Trump and the crypto company.

Mike Gitlin of Capital Group advises Gen Z investors to focus on long-term strategies rather than treating the market as a hobby, emphasizing disciplined investing over decades.

Red Lobster's 'Endless Shrimp' returns at $24.99 to $29.99 after the $20 version caused $11 million in losses. Former servers warn the revival risks repeating history.

A study reveals 40% of US retirees can't cover a year of unexpected expenses, highlighting a gap between financial advice and real-world preparedness.

A federal judge approved a $425 Million settlement with Capital One, allowing payouts to customers affected by interest rate discrepancies on 360 Savings accounts

Amalfi Jets, founded by Kolin Jones, is transforming private aviation with a unique asset-light model and digital marketing strategies, challenging traditional industry norms.

Lorrayne Mavromatis files a lawsuit against MrBeast's Beast Industries, alleging workplace discrimination, wrongful termination, and FMLA violations after being pressured to work during active labor.

Trump Media CEO Devin Nunes resigns amid major losses, with Kevin McGurn as interim CEO as the company faces declining stock value and ongoing operational challenges.

OpenAI CEO Sam Altman expressed concern that Elon Musk might withdraw his lawsuit against OpenAI, which challenges the company's shift from a non-profit to a for-profit structure, potentially affecting future non-profit models.

Condom prices may rise by up to 30% as the Iran war disrupts supply chains. Karex Bhd, the largest condom manufacturer, cites rising production costs and shipping delays as key factors.

Michael and Susan Dell invest $1 billion in an AI-native hospital in Texas, aiming to revolutionize healthcare with predictive medicine and integrated AI systems.