Uber to Cut 3,300 Jobs as Robotaxi Competition Reshapes Ride-Hailing Business
Uber Technologies plans to cut about 3,300 jobs, or roughly 10% of its workforce, in its largest round of layoffs since the COVID-19 pandemic. CEO Dara Khosrowshahi said the restructuring will simplify the company’s...
Yen Extends Gains as Traders Price In Faster BOJ Rate Hikes
The yen extended its gains on Thursday after a sharp rally in the previous session, reaching 157.545 per dollar in Asian trading, its strongest level in nearly a month. The currency rose 0.9% overnight,...
Keurig Dr Pepper Sells Chobani Stake for $925 Million
Keurig Dr Pepper has agreed to sell its entire investment in Chobani back to the yogurt maker for $925 million, marking another major step in its ongoing business restructuring. The deal includes the sale...
Ford Recalls 148,663 Mustang Vehicles in U.S. Over Power Loss Risk
Ford is recalling 148,663 vehicles in the United States after a wiring harness issue was found to potentially cause a loss of driver power and disable critical functions, including headlights and the windshield washing...
OpenAI Rejects Apple’s Trade Secret Theft Allegations
OpenAI has denied Apple’s allegations that former employees stole trade secrets, arguing that the iPhone maker has failed to show that any confidential information was misappropriated. In a filing in a U.S. District Court...
Australian Judge Considers Giving Expert Direct Access to Tesla Engineering Systems
An Australian judge has indicated he may order Tesla to give an independent expert direct access to its internal engineering platforms as part of a class action involving around 10,000 Tesla owners. Federal Court...
Yorkville America Eyes Acquisition as It Expands Beyond Truth Social ETFs
Yorkville America, the asset manager behind President Donald Trump’s Truth Social exchange-traded funds, is nearing an acquisition that would significantly broaden its investment-product lineup, CEO Steve Neamtz told Reuters. The transaction, involving an institutional...
Polymarket Steps Up Market Surveillance Ahead of U.S. Midterms
Prediction market company Polymarket is strengthening its market-integrity controls ahead of the 2026 U.S. midterm elections, as regulators and lawmakers raise concerns about insider trading, election integrity and national security risks. Shana Bautista, the...
OpenAI Reportedly Holds $5.5 Billion in SB Energy Warrants
OpenAI has been issued warrants estimated to be worth $5.5 billion in power infrastructure firm SB Energy, according to a Wall Street Journal report citing draft IPO documents reviewed by the publication. The reported...
EU Designates ChatGPT, Reddit and Roblox as Very Large Platforms
The European Commission said on Monday that ChatGPT, Reddit and Roblox will have to comply with the European Union’s rules for very large online platforms and search engines under the Digital Services Act (DSA)....