As part of the restructuring, the company will also be eliminating managerial roles.
Category: Business
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Memory stocks tumble after Seagate warns on difficulty of meeting demand, bond yields edge higher
A full reading of the Seagate CEO’s remarks suggests more positivity than the truncated versions provide.
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Lumentum, Coherent fall after hedge fund manager Aschenbrenner dumps his holdings
Stocks fells as, Leopold Aschenbrenner, a former OpenAI researcher, got rid of his Lumentum and Coherent shares on Monday.
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Jury rules against Musk in lawsuit against OpenAI and Altman
A jury found Altman and OpenAI not liable on Monday, following a three-week trail.
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How surging bond yields threaten to derail the momentum trade in stocks
Sharp changes in yields mean the world might be changing. Momentum stocks like it when the world stays the same.
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Ethereum falls faster than bitcoin as crypto tape turns red
Harvard recently exited all positions exposed to ethereum, while Goldman Sachs trimmed its holdings to ethereum ETFs and treasury companies.
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T1 Energy spikes on record call buying after Situational Awareness reveals 3.6% stake
Situational Awareness has become a closely followed fund because of how well it’s done in the AI era and who it’s run by: former OpenAI researcher Leopold Aschenbrenner, who’s only in his mid-20s!
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Swatch’s collaboration with Audemars Piguet could help bring hype back to its bottom line
The rival watchmakers have teamed up on a buzzy new collection that’s sparking a global consumer frenzy.
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Nvidia: Too big to excite?
The chip designer has transformed from a high-beta leader to a low-beta laggard within the AI theme it created.
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Google employees are now competing with Anthropic and Meta for access to Google compute
In the AI era, even Google’s own employees are struggling to get Google computing power.
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“Crypto is on edge” as bitcoin dips below $77,000 and ETFs see $1 billion in weekly outflows
“The core question for the week ahead is whether ETF selling is a temporary rebalance after a strong run or the first sign that institutional allocators are fading the rally,” one analyst said.
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A Nepali Sherpa just broke his own Everest ascent record amid busiest year for permits ever
When it comes to the world’s tallest mountain, it’s not so lonely at the top.
