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According to estimates from S&P Global, just the five AI hyperscalers; Meta Platforms, Alphabet, Microsoft, Amazon, and Apple are projected to spend more than $1 trillion in capital investment on AI in the three years through 2027. Let that number sink in for a second…more than a trillion spent to develop artificial intelligence from just…
A Hong Kong court has handed down jail sentences of up to 16 years to two men for sexually exploiting two girls when the defendants separately had a relationship with the victims’ mother six to eight years ago. The High Court on Wednesday also sentenced the mother to four years for child cruelty, including locking…
Layoffs across the U.S. this year have climbed to their highest level since the pandemic slammed the economy in 2020, new labor data shows. In the first half of 2025, companies announced 744,308 job cuts nationwide, the highest tally since the first six months of 2020, when employers cut nearly 1.6 million jobs in response…
The Quad grouping has launched an ambitious initiative to ensure a stable supply of critical minerals under a broader goal to strengthen economic security amid concerns over China’s coercive tactics, including price manipulation and restrictions on the export of the vital resources. The decision on rolling out the “Quad Critical Minerals Initiative” was announced after…
A March 2025 Empower study found that 55% of respondents felt further away from financial success than they did the previous year. While rising costs and uncertainties about the economy can make you feel out of control and unconfident about your money, you can focus on taking the right steps — and avoiding the wrong…
Washington — President Trump’s administration asked the Supreme Court on Wednesday to allow him to fire three members of the independent Consumer Product Safety Commission. The request to the high court by Solicitor General D. John Sauer arose from a federal judge’s decision earlier this month that found Mr. Trump’s removal of the three commissioners…
The Dalai Lama has made it clear that his spiritual legacy will not end with his death. In a statement that marks a crucial moment in the history of Tibetan Buddhism, the spiritual leader assured that the institution of the Dalai Lama will continue to exist after his death and that China will have no…
Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale progresses. “After a thorough evaluation…
This year marks a major milestone for Hong Kong Disneyland Resort (HKDL) as it celebrates its 20th anniversary with a yearlong party that features a spectacular lineup of new entertainment, community initiatives, and a bold vision for the future. Since opening its gates in 2005, HKDL has become a beloved destination for Disney fans across…
Microsoft is laying off just under 4% of its workforce in a new round of job cuts, the company said Wednesday. The cuts will affect 9,000 workers across the company, as it continues to make moves to trim its staff. “We continue to implement organizational changes necessary to best position the company and teams for…