United States-based Meta Platforms is preparing this week to cut about 8,000 jobs, roughly 10% of its global workforce, as part of a major restructuring to fund a large expansion in artificial intelligence infrastructure. In addition, management will permanently eliminate about 6,000 open positions that had not yet been filled,...
The United States saw sharp turbulence in energy and financial markets after President Donald Trump issued a stark warning to Iran on Truth Social, stating that “the clock is ticking” and urging Tehran to act quickly. The message, reported after a security call with Israeli Prime Minister Benjamin Netanyahu, raised...
Bitcoin Depot Inc. (NASDAQ: BTM), the largest bitcoin ATM operator in the United States, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas, according to court filings reported this week. The Atlanta-based company simultaneously shut down its entire global network of...
United Kingdom. Investec Bank plc disclosed client-serving dealings in shares of four UK-listed companies — NCC Group plc, Treatt Plc, Gamma Communications Plc and Advanced Medical Solutions Group Plc — executed on 15 May 2026. Taiwan News published the Form 8.5 notices on 18 May 2026, listing Investec's connections to...
Chicago, United States: A two-vehicle crash late Saturday night on Interstate 65 near Crown Point, Indiana, killed 25-year-old Indian student Navya Gadusu and injured multiple passengers, local authorities reported. Indiana State Police troopers responded to the northbound I-65 scene around 11:15 pm and found vehicles obstructing lanes; the Lake County...
WASHINGTON — The White House announced Sunday that China agreed to ramp up purchases of U.S. agricultural products, committing to an annualized $17 billion pace for 2026 and to sustain that level through 2027 and 2028. Officials said Beijing will reopen market access for U.S. beef and resume poultry imports...
South Korea said it will deploy all available administrative and legal measures, including rarely used emergency arbitration, to stop a threatened labor strike at Samsung Electronics, the country’s largest employer and the world’s biggest memory chip maker. Prime Minister Kim Min-seok outlined the stance after an emergency meeting with ministers...
United States: Global risk assets declined after a sharp sell-off in sovereign bond markets forced investors to rapidly reassess the interest rate outlook and unwind leveraged positions. The US 10-year Treasury yield climbed to 4.58%, its highest level in more than a year, while the UK 10-year gilt yield jumped...
ANN ARBOR, Mich. — Mikala Sposito, a 21-year-old student from Dexter enrolled at Washtenaw Community College, won the USA Weld Trials in Huntsville earlier this year and will be the first woman to represent the United States in welding at the WorldSkills Competition in Shanghai, China. Reporters quoted Sposito saying...
SILICON VALLEY, California — Meta Platforms is preparing to cut about 8,000 employees, or roughly 10% of its global workforce, by Wednesday, May 20, 2026, according to multiple reports citing internal sources. The planned redundancies come despite Meta reporting what outlets describe as record financial results for the first quarter...
