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EVelution Energy announced that the United States Citizenship and Immigration Services approved its EB-5 investment offering for a solar-powered cobalt processing facility, expected to support approximately US$64.8 million in subordinated financing. The company aims to address U.S. reliance on China for cobalt refining
U.S. equities slipped as August payrolls of 162,000, far above the 55,000 consensus, pushed traders toward a higher Fed-rate path. Chips outperformed while software, retail, gold and bitcoin weakened.
PROJECT SYNDICATE -Benn Steil, Director of International Economics at the Council on Foreign Relations and one of the leading scholars of international monetary history and global governance, argues that rules-based international systems are inherently limited because they eventually encounter problems their own rules
Oracle reduces workforce by 13% over the past 12 months, citing AI deployment, and joins other tech giants in slashing jobs to offset AI buildout costs
Oracle reduces workforce by 13% over the past 12 months, citing AI deployment
Oracle reduces workforce by 13% over the past 12 months, citing AI deployment
Oracle reduces workforce by 13% over the past 12 months, citing AI deployment
Oracle reduces workforce by 13% over the past 12 months, citing AI deployment, and joins other tech giants in slashing jobs to offset massive AI buildout spending
Oracle reduced its workforce by 13% over the past 12 months, citing AI deployment, and now employs 141,000 full-time workers
AI company lays off 1,000 workers amid industry restructuring. Impact on tech sector employment expected.