The global technology sector eliminated some 244,851 jobs in 2025, according to a report from RationalFX. The U.K.-based financial services company says the worldwide downsizing reflects how companies in 2025 restructured their operations to focus on efficiency, profitability, and AI-driven productivity. The RationalFX analysis, which examined layoffs reported by TrueUp, Read more…
JPMorgan Chase’s chief financial officer Jeremy Barnum pushed back hard on Tuesday against President Donald Trump’s proposed 10% cap on credit card interest rates, calling the measure “very bad for consumers” and “very bad for the economy” during a call with reporters. The proposed one-year cap, which Trump has said Read more…
A newly founded startup called GRU Space is taking deposits of up to $1 million to eventually build inflatable hotels on the Moon. The bet is that space needs destinations, not just rockets, even if the first customers are essentially early adopters of sci-fi optimism. GRU Space had, as of Read more…
Harvard Business Review’s IdeaCast podcast interviewed McKinsey CEO Bob Sternfels, where he classified AI agents as people. “I often get asked, ‘How big is McKinsey? How many people do you employ?’ I now update this almost every month, but my latest answer to you would be 60,000, but it’s 40,000 Read more…
The viral Chinese app Are You Dead? (known as Sileme in Chinese) targets people who live alone by requiring regular check-ins and alerting an emergency contact if the user doesn’t respond. It launched in May and is now the most downloaded paid app in China. Users need to check in Read more…
For decades, the Environmental Protection Agency has calculated the health benefits of reducing air pollution, using the cost estimates of avoided asthma attacks and premature deaths to justify clean-air rules. Not anymore. Under President Trump, the E.P.A. plans to stop tallying gains from the health benefits caused by curbing two Read more…