Scale AI lays off 200 employees: ‘We ramped up our GenAI capacity too quickly’ - The Verge - Newsify Featured Article

Scale AI lays off 200 employees: ‘We ramped up our GenAI capacity too quickly’ - The Verge

Scale AI, an AI data labeling company, has announced that it’s laying off 14 percent of its workers after Meta acquired nearly half of the company.

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Image for Futures: Nasdaq Hits Record Close; Nvidia Chipmaker Due - Investor's Business Daily from Investor's Business Daily

Futures: Nasdaq Hits Record Close; Nvidia Chipmaker Due - Investor's Business Daily

Key economic data are on tap early Thursday too.

Investor's Business Daily
Image for Futures slip after major averages post winning day on Trump’s denial that he plans to fire Powell: Live updates - CNBC from CNBC

Futures slip after major averages post winning day on Trump’s denial that he plans to fire Powell: Live updates - CNBC

Stocks rebounded on Wednesday after President Donald Trump denied reports that he was close to ousting Powell as chairman of the Federal Reserve.

CNBC
Image for Coca-Cola dodges after Trump says soda will switch back to cane sugar - NBC News from NBC News

Coca-Cola dodges after Trump says soda will switch back to cane sugar - NBC News

President Donald Trump said Wednesday that Coca-Cola in the United States will begin to be made with cane sugar, but the company did not explicitly say that was the case when it was asked later about Trump’s claim

NBC News
Image for Couche-Tard Abandons $46 Billion Bid to Buy 7-Eleven Owner - Bloomberg.com from Bloomberg

Couche-Tard Abandons $46 Billion Bid to Buy 7-Eleven Owner - Bloomberg.com

Canada’s Alimentation Couche-Tard Inc. has abandoned its ¥6.77 trillion ($45.8 billion) bid to buy Seven & i Holdings Co., saying the Japanese operator of 7-Eleven convenience stores had refused meaningful engagement during the almost yearlong pursuit.

Bloomberg
Image for Meme-stock mania returns as retail traders pump shares of this heavily shorted pandemic-era darling - MarketWatch from MarketWatch

Meme-stock mania returns as retail traders pump shares of this heavily shorted pandemic-era darling - MarketWatch

Opendoor is surging amid record bullish options volume and a sudden upswing of social-media interest

MarketWatch
Image for Apple signs megadeal with operator of one-of-a-kind Calif. mine - SFGATE from SFGate

Apple signs megadeal with operator of one-of-a-kind Calif. mine - SFGATE

Bay Area tech giant Apple signed a huge deal to work with MP Materials and build a recycling line at its one-of-a-kind mine in the Mojave Desert.

SFGate
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Crypto bills lock House in stalemate as GOP hard-liners defy Trump - ABC News - Breaking News, Latest News and Videos

No description available for this article.

ABC News
Image for Sarepta Therapeutics lays off one-third of workforce in drastic cost-cutting move - STAT from STAT

Sarepta Therapeutics lays off one-third of workforce in drastic cost-cutting move - STAT

Sarepta Therapeutics announced it has laid off more than one-third of its workforce, a drastic cost-cutting move following the deaths of two teenagers administered its gene therapy for Duchenne muscular dystrophy.

STAT
Image for Shares of gun seller GrabAGun — backed by Donald Trump Jr. — tank after NYSE trading debut - CNBC from CNBC

Shares of gun seller GrabAGun — backed by Donald Trump Jr. — tank after NYSE trading debut - CNBC

The business is the latest example of President Donald Trump's family and allies backing companies related to conservative political causes

CNBC
Image for All Eyes on UnitedHealth Stock Ahead of Earnings — Here’s What This Top Investor Expects - TipRanks from Tipranks.com

All Eyes on UnitedHealth Stock Ahead of Earnings — Here’s What This Top Investor Expects - TipRanks

UnitedHealth Group (NYSE:UNH) stock just cannot seem to catch a break. The company’s share price – already down in the dumps this year – suffered another setback ea...

Tipranks.com
Image for Nvidia’s resumption of H20 chip sales related to rare-earth element trade talks - TechCrunch from TechCrunch

Nvidia’s resumption of H20 chip sales related to rare-earth element trade talks - TechCrunch

U.S. Commerce Secretary said Nvidia's plans to start selling its H20 chips are tied to ongoing trade discussions with China regarding REEs.

TechCrunch
Image for Trump's Powell attacks show why Fed was designed to be independent - Axios from Axios

Trump's Powell attacks show why Fed was designed to be independent - Axios

If President Trump attempts to remove Federal Reserve chair Jerome Powell, it would set up a legal battle with long-term consequences for America's economic policy.

Axios
Image for Trump and the Energy Industry Are Eager to Power AI With Fossil Fuels - WIRED from Wired

Trump and the Energy Industry Are Eager to Power AI With Fossil Fuels - WIRED

At a Pittsburgh summit, the Trump administration, energy executives, and tech barons joined as one to promote AI as the future of fossil fuels.

Wired
Image for Ex-Waymo engineers launch Bedrock Robotics with $80M to automate construction - TechCrunch from TechCrunch

Ex-Waymo engineers launch Bedrock Robotics with $80M to automate construction - TechCrunch

Former Waymo engineers have launched an autonomous vehicle startup with $80 million in venture funds.

TechCrunch
Image for Amazon launches AI agent-building platform for businesses to help boost productivity - Semafor from Semafor.com

Amazon launches AI agent-building platform for businesses to help boost productivity - Semafor

The product launch comes amid high anxiety among workers about job cuts due to AI.

Semafor.com
Image for Latest US inflation report shows a pullback in travel spending and an increase in the cost of goods - CNN from CNN

Latest US inflation report shows a pullback in travel spending and an increase in the cost of goods - CNN

US wholesale inflation was muted in June, presenting what would seem to be a better-than-expected outcome amid President Donald Trump’s hefty tariffs on global trading partners. However, a steep drop-off in travel and other services camouflaged an increase in…

CNN
Image for Dow Jones Health Giant Surges On Hiked Guidance - Investor's Business Daily from Investor's Business Daily

Dow Jones Health Giant Surges On Hiked Guidance - Investor's Business Daily

The company also easily beat second-quarter earnings and sales forecasts.

Investor's Business Daily
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ASML Stock Falls After Growth Warning in Earnings. Tariffs Rattle Investors. - Barron's

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Barron's
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