‘AI is part of this, but not the whole story’: US employers announced 97,000 job cuts in May — and AI was blamed for 40% of them

U.S.-based companies announced more than 97,000 planned job cuts in May, marking the highest level for the month since the ...
The Times of Israel

Alan Greenspan, who led US Federal Reserve for five terms, dies at 100

Known deferentially as 'Oracle’ and 'Maestro,' long-term Fed chair oversaw a period of US economic growth, but 2008 crisis, ...

Digging into the Bottlenecks of the AI Build-Out

Oracle’s earnings report shows spending on data centers and AI infrastructure isn’t slowing down.
mlive

Michigan lawmakers seek to rein in data center industry with new safeguards

Bills from Senate Democrats are the latest attempt to institute statewide protections against utility bill spikes and ...

Vance Heads to Talks as Strait of Hormuz Re-emerges as Point of Tension

Vice President JD Vance said he would prioritize nuclear issues and renewed fighting in Lebanon in talks with an Iranian delegation in Switzerland. Shipping in the Strait of Hormuz faced new ...

Oracle’s 21,000 layoffs help drive its debt-fueled AI investments

The growing use of AI contributed to Oracle laying off 21,000 workers in a year, according to a Securities and Exchange ...

Alan Greenspan, former Federal Reserve chairman, dies at 100

WASHINGTON (AP) — U.S. Federal Reserve Chair Alan Greenspan has died at the age of 100. He died on Monday from complications of Parkinson’s Disease, said his wife of 29 years, NBC News correspondent ...

Iran closes Strait of Hormuz again over continued fighting in Lebanon

Iran has closed the Strait of Hormuz again, citing Israeli attacks in Lebanon and U.S. 'bad faith' in their interim agreement ...

U.S., Iran agree on roadmap for final deal and plan to end military operations in Lebanon

The talks were the first round of negotiations under a memorandum of understanding signed last week, which extended a tenuous ...
IndyCar

Yuven Sundaramoorthy Joins Cusick Morgan as Reserve Driver

Cusick Morgan Motorsports announced June 17 that Yuven Sundaramoorthy (photo, top) will join the INDY NXT by Firestone team as its official reserve driver. The announcement follows Sundaramoorthy's ...