Meta CEO Mark Zuckerberg said Thursday the company’s latest round of layoffs is tied to increased spending on artificial intelligence, while leaving the door open to additional job cuts. Zuckerberg made the remarks during a company town hall, his first time addressing employees since Meta confirmed plans to cut roughly…

Elon Musk reportedly said he felt like a “fool” for backing Sam Altman’s OpenAI. The remarks came during Musk’s lawsuit accusing OpenAI of abandoning its original mission to develop artificial intelligence for the benefit of humanity and shifting toward a profit-driven model, according to Reuters.Jurors on Wednesday were shown a…

Apple CEO Tim Cook says he is stepping down after 15 years as chief executive because three key factors aligned: Apple’s current performance, its product roadmap and the readiness of his successor, John Ternus. Cook said the timing came down to a clear internal assessment of the company’s position and…

President Trump announced Thursday he was removing tariffs on Scotch whisky after a four-day British royal state visit to the United States, crediting King Charles III and Queen Camilla. As he often does, Trump announced the move on Truth Social.”The King and Queen got me to do something that nobody…

Fidelity and Vanguard’s charitable arms have reportedly paused grants to the Southern Poverty Law Center (SPLC) through their donor-advised funds after the group was indicted on federal charges. The Justice Department last week charged the civil rights nonprofit with financial crimes, including wire fraud and money laundering. In the wake…

Mortgage rates ticked slightly higher this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.3%, up from 6.23% last week. The average rate on a 30-year loan was 6.76% at this…

If any of the Iranian thugs from the Islamic Revolutionary Guard Corps think a minor bump up in gas prices is gonna kill the American economy, and force President Trump to withdraw our military and make some watered-down Obama-Biden deal, those thugs had better think twice. Not only is Mr.…

The U.S. national debt has now surpassed the size of the U.S. economy, a historic threshold that hasn’t been crossed since the conclusion of World War II. Data released by the Bureau of Economic Analysis on Thursday showed that the national debt held by the public reached $31.27 trillion as…

U.S. economic growth rebounded in the first quarter of the year from a sluggish fourth quarter, according to the Commerce Department’s latest estimate. The Bureau of Economic Analysis (BEA) on Thursday released its advance estimate of first-quarter GDP, which showed the economy grew at an annualized rate of 2% in…

President Donald Trump signed an executive order on Thursday to help expand access to retirement savings accounts for Americans who do not have employer-provided plans. “Beginning at the start of next year, every American will be able to go to TrumpIra.gov and open a new low-cost IRA account,” Trump said…