Meta has initiated its latest round of workforce reductions, affecting approximately 5% of its global staff, or around 3,600 employees. The performance-based terminations will be carried out across different regions over several days, with US employees among the first to receive notifications. The move echoes similar strategic shifts at tech giants like Microsoft, which recently … Read more
Rivian has opened up sales of its electric vans to commercial fleets, marking a significant shift from its exclusive partnership with Amazon. The company had previously agreed to sell vans exclusively to the e-commerce giant as part of a blockbuster deal in 2019. Under the original agreement, Amazon acquired around 20,000 vans from Rivian in … Read more
Ecuador’s presidential election will go to a run-off on April 13 if current trends persist. Incumbent Daniel Noboa is leading leftist Luisa Gonzalez by less than 1%, with 44.5% of the vote compared to her 44.1%. The rival candidates faced each other in 2023, and polls had predicted Noboa’s win. Noboa has deployed military forces … Read more
US Treasury yields have plunged this week, defusing a tense January for bond markets and helping stocks find a foothold in the earnings season. The 10-year yield has fallen below 4.5%, its lowest of the year, as January ISM service sector readings showed a surprise drop in prices paid by businesses. The drop in yields … Read more
A computer expert who has been searching for a £600m bitcoin fortune buried in a landfill site in south Wales is considering buying the site to continue his quest. James Howells, 39, had lost a high court case last month to allow him to search the landfill, and plans to close it have been announced. … Read more
Meta Platforms, Inc. is cutting nearly 3,000 jobs, about 5% of its workforce, as the company takes a tougher stance on underperforming employees and prepares for heavy artificial intelligence investments in 2025. The move comes after CEO Mark Zuckerberg’s internal memo in January 2025, which aimed to “raise the bar” and quickly remove low performers. … Read more
A local Ohio school district is taking precautions amid a surge in student and staff illnesses. As a result, Three Rivers School District will be closed on February 7th. The closure was announced through notifications sent to families via email and phone calls. Despite this, the district assures that it won’t affect events or activities … Read more
Palantir Technologies (PLTR) has seen significant growth in its artificial intelligence (AI) software sales, with shares surging 340% in 2024 and already up 46% year-to-date. The company’s revenue accelerated by 36% year-over-year in Q4 and 14% over the previous quarter. Key to Palantir’s success is its growing revenue from U.S. commercial clients, which increased by … Read more
The Times of Israel, a prominent online news site, experienced technical issues that left its users unable to access the website. The issue is believed to be related to JavaScript and cookie settings, which are essential for normal website functionality. Until the problem is resolved, users will not be able to view the site’s content. … Read more
A recent study has challenged the popular trend of taking ice baths and cold plunges for their health benefits. While proponents claim it reduces stress, softens muscle damage, and supports immune function, new research found that it may actually increase inflammation in the body. The study, published in the PLOS One journal, analyzed data from … Read more