Caterpillar just smashed Wall Street estimates, and it’s all about power. The AI data center boom is driving a massive surge in demand for their generators and turbines, making their energy segment the company’s new star.
Pinterest is laying off up to 15% of its workforce, roughly 700 employees, in a major restructuring. The move aims to reallocate resources toward artificial intelligence initiatives as the company grapples with weak advertising pricing.
General Motors CEO Mary Barra says leadership means not delaying hard conversations. Her immediate response to a deadly ignition-switch crisis reshaped the company’s culture around safety and accountability.
Apple plans to introduce more advertising slots within App Store search results next year. The company says nearly 65% of downloads happen right after a search, making this prime real estate. Developers won’t need to change campaigns, but they also can’t pick where their ads show up.
Veteran investors are sounding the alarm that a stock market correction is increasingly likely. Stretched valuations and a long period of calm have left markets vulnerable to a sudden shift in sentiment or a geopolitical shock.
After a year of flattery and appeasement, European leaders have united to firmly reject Donald Trump’s renewed demand for the United States to take over Greenland. The stark threat, involving potential 25% tariffs, has forced a rupture in the traditional NATO alliance dynamic, with leaders now openl
In a rare show of unity, Microsoft and Amazon are co-authoring op-eds and backing specific bills to tackle the Seattle housing crisis. They’ve committed $1.6 billion, but say policy change is the real key.
Prime Minister Keir Starmer is facing historically low poll ratings and a grumpy mood over his leadership. His failure to command loyalty from his own Labour MPs and a series of policy U-turns are creating a domestic crisis that echoes the 1979 “Winter of Discontent.”
Meta is turning to nuclear energy to power its future AI systems. The company announced agreements with three nuclear providers to secure electricity for its Prometheus supercluster, a move highlighting the immense energy demands of the AI arms race.
According to Reuters, Chinese firm Wingtech has initiated a massive $8 billion arbitration claim against the Dutch state. The move follows the Netherlands’ controversial seizure of chipmaker Nexperia in September 2024, a decision that has disrupted global automotive supply chains.
