Gold's Record Rally Comes to Screeching Halt With Back-to-Back Crashes
The Crash Gold is getting hammered. The precious metal dropped below $4,020 per ounce Wednesday in choppy trading. It fell as much as 3% earlier before recovering slightly. That came after Tuesday's brutal selloff. Gold plunged as much as 6.3% in a single day - the worst rout in over 12 years. Technical indicators flashed […]
Meta Cuts 600 AI Jobs Despite Pouring Billions Into Artificial Intelligence
The Cuts Meta is slashing 600 jobs from its artificial intelligence unit. Chief AI Officer Alexandr Wang announced the layoffs in an internal memo Wednesday. Workers across several groups will be affected: • AI infrastructure teams • Fundamental AI Research unit • Various product-related positions Wang was hired in June as part of Meta's massive […]
Netflix Stock Drops 9% After Earnings Miss Blamed on Brazilian Tax Issue
What Happened Netflix missed Wall Street's profit estimates and the stock got punished. The company earned $5.87 per share in Q3. Analysts expected $6.97. That's a big miss. But here's the twist: It wasn't about the core business struggling. Netflix got hit with an unexpected tax expense in Brazil. The country has a 10% tax […]
General Motors Wants Your Car to Drive Itself While You Look Away
What GM Is Planning General Motors just laid out its tech roadmap for the next few years. First up: Google's Gemini AI is coming to GM vehicles starting in 2026. The AI assistant will let you have conversations with your car naturally, like talking to a person. Then the big one: By 2028, GM will […]
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