A Google Engineer’s Warning on 10x Coding Speed
Adam Bender spends his working days inside one of the largest codebases on earth. A staff software engineer at Google, he has a message for developers that cuts against the…
AI Now Accounts for a Record Share of U.S. Job Cuts, Data Show
The tally kept by Challenger, Gray & Christmas now has a category that its founder could not have imagined when the firm started tracking layoffs in 1993: artificial intelligence. Through…
Oracle Completes 30,000 Layoffs, Its Largest Cut Ever
By Monday, the last of the termination notices had gone out, and Oracle’s payroll was 30,000 names lighter. The company met its June 15 deadline for a reduction of about…
Amazon to Spend $10 Billion on Missouri Data Center Campus
Montgomery City, Missouri, has about 2,800 residents and sits beside Interstate 70, roughly midway between St. Louis and Kansas City. It is not the first place most people would look…
Morgan Stanley Says Wall Street Is Missing Meta’s AI Moat
Brian Nowak has covered Meta Platforms since it was still called Facebook. On June 6, the Morgan Stanley analyst went back to his clients with a message he has delivered…
BofA’s Hartnett Tells Clients to Keep Trimming Stocks Until July
Michael Hartnett has been Wall Street’s most prominent bear for so long that some clients stopped reading his notes. In his latest, the Bank of America strategist told them to…
Japan’s PayPay Moves Into Life Insurance With $900 Million Deal
When PayPay’s shares opened the morning after the announcement, they fell 7.4%. Japan’s mobile-payments leader had just unveiled the most aggressive move of its short life as a public company:…
Musk Predicts $1 Trillion in Annual Revenue for SpaceX; Analysts Disagree
On Sunday night, Elon Musk posted a number to X that made even his admirers pause: $1 trillion. By 2030, he wrote, SpaceX could reach roughly $1 trillion in annual…
Memory-Chip Stocks Rally as Iran Accord Lifts a Sector Already Running Hot
The rally that swept global markets Monday ran first through a cluster of companies that most Americans cannot name. Memory-chip makers surged across the board: Western Digital jumped 13%, SanDisk…
U.S.-Iran Accord on Hormuz Sends Stocks Soaring, Oil Falling
The first sign of the rally came in Asia. SoftBank Group shares surged more than 12% in Tokyo trading Monday after the United States and Iran announced a framework peace…
