Federal Reserve Chair Jerome Powell gave AI investments his blessing, insisting the sector shows fundamental strength unlike the dotcom bubble. Yet markets delivered a sobering response to tech giants’ massive spending.
Restaurant Brands International delivered stronger-than-expected quarterly results, with international growth and Tim Hortons expansion driving performance. The company’s global strategy appears to be paying dividends as it navigates competitive challenges.
The largest U.S. design school is embracing artificial intelligence with a new major, but the program’s lead admits facing internal resistance. The move highlights growing tensions between traditional creative education and emerging technologies.
Three tech giants are pouring billions into AI infrastructure with no signs of slowing. The spending spree reflects a strategic bet that massive scale will determine AI dominance.
YouTube is offering voluntary buyouts to US staff while reorganizing product teams into three focused units. This comes despite 15% advertising revenue growth, signaling deeper strategic priorities beyond simple cost-cutting.
The Federal Reserve cut rates but crypto prices still fell. Fed Chair Powell’s unexpectedly hawkish tone on future cuts spooked markets and reshaped trader expectations for December policy moves.
A Yale research team has discovered a genetic pathway that controls how cilia break down before cell division. The findings could transform our understanding of neurological disorders and cancer development.
NASA’s Curiosity rover data reveals unexpected evaporation signatures in Mars’s ancient lake systems. Oxygen isotope analysis suggests the Red Planet’s climate was both warmer and drier than previously thought during its habitable period.
General Motors is laying off 1,700 workers across Michigan and Ohio plants as electric vehicle demand slows. The cuts reflect deeper industry challenges beyond temporary market fluctuations.
Skyworks Solutions and Qorvo have both reported preliminary quarterly results exceeding guidance while announcing a planned $22 billion merger. The RF semiconductor giants are showing resilience ahead of their combination, scheduled for early 2027.
