Stripe Layoffs Employees with Surprise Emails: Inside the Transition
Stripe Layoffs Employees Affected and the Path Ahead. Stripe, the global payments platform, recently announced layoffs. About 300 employees were let go. This number represents 3.5% of their total workforce. Stripe Layoffs Employees: Impacted Roles The layoffs hit specific areas….
Stargate Project: America’s $500 Billion Leap into AI Supremacy
Stargate project is a bold initiative spearheaded by the U.S. government, OpenAI, SoftBank, Oracle, and MGX. With an initial investment of $100 billion and plans to scale up to $500 billion by 2029, it aims to build the world’s most…
FTC Accuses PepsiCo of Rigging Soft Drink Competition in Legal Battle
Accusing PepsiCo, Inc. of engaging in unlawful price discrimination by providing an unidentified ‘large, big box’ retailer with unfair pricing benefits while hiking prices for others, the Federal Trade Commission filed a case against the firm on Friday. According to…
SpaceX Starship Faces Setback: Mega-Rocket Destroyed During Launch
The FAA said in a statement that it “briefly slowed and diverted aircraft around the area where the spacecraft debris was falling.” It said normal operations have resumed. SpaceX launched its massive super-heavy Starship mega rocket on its seventh test…
Bitcoin Surges Past $100K Amid Ongoing Risk Rally Renewal
After softer-than-expected US inflation helped to revive demand for risky assets like stocks and cryptocurrencies, Bitcoin surged beyond $100,000 once more. Over the last four weeks, the original digital asset has been trading between $90,000 and $100,000. On Wednesday, the…
Capital One Accused of Defrauding Millions of Consumers Through Interest Rate Manipulation
New York: The US government’s consumer watchdog agency is suing Capital One for allegedly cheating millions of consumers by failing to pay investors in its high-interest savings accounts more than $2 billion in interest. Capital One is accused by the…
SoCal Edison Found Liable for Sparking Los Angeles Wildfire in Lawsuit
The Los Angeles electrical company, Southern California Edison, is being sued for allegedly causing one of the devastating flames that have killed at least 24 people and forced tens of thousands more to from their homes. In a complaint filed…
Tesla Unveils Updated Model Y in China to Take on Local Rivals
In an effort to stave off competition from domestic rivals, the American electric vehicle company on Friday unveiled an updated version of its well-liked Model Y in China. Delivery of the Model Y is scheduled to commence in March, with…
Macy’s Closing One of Its 66 Locations in Center City, Philadelphia
WPVI (Philadelphia) — The firm said Thursday afternoon that the Macy’s department store in Center City, Philadelphia, would permanently close. The store is one of 66 shutting nationwide and is housed in the historic Wanamaker building at 1300 Market Street….
Uber and Delta Air Lines announce a significant relationship
During his keynote speech at the Consumer Electronics Show in Las Vegas on Tuesday, CEO Ed Bastian of Delta and CEO Dara Khosrowshahi of Uber Technologies formally announced that the two businesses have reached an agreement to enter into a…
