Amazon’s Zoox Accelerates Robotaxi Production Ahead of Las Vegas Launch
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Technology
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Prime Day Sparks $7.9 Billion Online Spending Surge in Just 24 Hours
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Online shoppers in the U.S. spent a massive $7.9 billion on Tuesday—the opening day of Amazon’s Prime Day sales event—marking a 9.9% increase compared to the same day last year, according to data from Adobe Analytics. This figure makes it the biggest e-commerce day of 2025 so far, surpassing last year’s Thanksgiving Day total of […]
Meta Shuts Down Facebook Group Accused of Targeting ICE Agents After DOJ Pressure
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Meta has taken down a Facebook group in Chicago that was allegedly being used to dox and target U.S. Immigration and Customs Enforcement (ICE) agents, following outreach from the Department of Justice (DOJ). Attorney General Pam Bondi announced the takedown on X, emphasizing that the DOJ will “continue engaging with tech companies to remove platforms […]
Meta Slashes 600 Jobs in AI Division as Alexandr Wang Strengthens Control Over Company’s Artificial Intelligence Vision
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Meta is laying off around 600 employees from its artificial intelligence division as part of a major restructuring aimed at streamlining operations and accelerating innovation. A company spokesperson confirmed that the move is part of CEO Mark Zuckerberg’s broader plan to make the organization leaner and more efficient. The job cuts were announced in a […]
Apple Increases iPhone Pro Price for First Time in 7 Years, Unveils New iPhone 17 Air
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Apple has officially raised the starting price of its flagship iPhone Pro model in the U.S. for the first time since 2017, a move long anticipated by analysts and investors. The new iPhone 17 Pro now starts at $1,099, which is $100 more than last year’s iPhone 16 Pro. Alongside it, Apple has also introduced […]
Amazon Workers Lose Jobs Before Prime Day : “We’ve Followed Every Rule” Caught in Trump Immigration Crackdown
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Daphnee Poteau, a Haitian immigrant who arrived in the U.S. in 2023, found more than just a job at an Amazon warehouse in Indianapolis—she found her husband, Kristopher Vincent, a longtime employee at the same facility known as IND8. But their future has suddenly become uncertain. Last month, Poteau was contacted by the Department of […]
AMD Set to Resume AI Chip Exports to China as U.S. Reopens Licensing Path
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Advanced Micro Devices (AMD) announced on Tuesday that it will soon restart shipments of its MI308 artificial intelligence chips to China, sending its stock up more than 6% following the announcement. The company stated that the U.S. Department of Commerce has begun reviewing license applications again, allowing AMD to move forward with exports once approval […]
Lufthansa to Slash 4,000 Jobs by 2030 as AI Reshapes Airline Operations
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Lufthansa announced on Monday that it will cut 4,000 jobs worldwide by 2030 as part of a major restructuring plan that leans heavily on artificial intelligence to boost efficiency and profitability. The airline group said most of the reductions will target administrative roles, particularly in Germany, as the company streamlines overlapping tasks and embraces digital […]
AMD Surges 8% as IBM Taps Its Chips for Breakthrough in Quantum Computing Error Correction
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Advanced Micro Devices (AMD) shares surged nearly 8% on Friday after reports revealed that IBM successfully used AMD’s chips to run a quantum computing error correction algorithm — a major step forward in the development of scalable quantum systems. IBM’s stock also jumped around 8%, marking its best single-day performance since January, as excitement around […]
Trump Ends Canada Trade Talks, Key Inflation Report Due, Target Job Cuts, and More Market Movers Today
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1. Trump Pulls the Plug on Canada Trade Talks President Donald Trump announced late Thursday that the United States is halting trade negotiations with Canada after controversy erupted over an Ontario government ad featuring the voice of former President Ronald Reagan. The ad criticized tariffs and their impact on Americans, but the Ronald Reagan Presidential […]
