Tech giants are borrowing unprecedented amounts to fuel their AI infrastructure spending. Amazon, Meta, and Oracle alone have raised over $80 billion in recent bond sales. Wall Street strategists are growing concerned about the risks of debt-powered AI expansion.
Bitcoin has crashed below $92,000, erasing hundreds of billions in market value just six weeks after hitting an all-time high of $126,000. The sudden collapse comes despite the Trump administration’s full-throated support for cryptocurrency, including plans for a strategic Bitcoin reserve. Experts p
A French indie studio got a rare second chance after Steam’s wishlist system failed them. Then Valve scheduled their big promotion on the same day as the Steam Machine reveal. The timing couldn’t have been worse.
According to reports, Tim Cook could step down as Apple CEO as early as next year but remain as chairman. Current chairman Arthur Levinson has reached Apple’s director age limit of 75. Hardware chief John Ternus is viewed as the most likely successor.
KBRA is fighting back against media scrutiny with a webinar addressing “misleading headlines” about private credit. The twist? They blocked the Financial Times from attending the very session discussing their journalism. This could backfire spectacularly.
Mark Cuban is advising his college-age children to pursue jobs at small companies rather than large corporations. His reasoning? Small businesses desperately need AI skills that big companies already have in-house. This comes as AI widens the productivity gap between large and small firms.
Berkshire Hathaway’s surprising $4.3 billion investment in Alphabet marks one of Buffett’s biggest tech bets in years. The move sent Alphabet shares up nearly 4% while most tech stocks struggled Monday. This represents a significant shift for the legendary investor who has historically avoided high-
Amazon is launching four new water replenishment projects expected to restore over 2 billion liters of water annually. The projects span the UK, Mexico, New Mexico, and North Carolina using nature-based solutions. This expands Amazon’s global water portfolio to 40 projects worldwide.
German luxury car brands face a consumer revolt over absurd repair costs and disconnected pricing. With Chinese automakers offering equal quality at better prices, the traditional premium model is collapsing.
Bitcoin has wiped out all its 2024 gains, falling below $93,714 just over a month after hitting an all-time high. The cryptocurrency’s decline reflects fading optimism about Trump’s pro-crypto stance and broader market risk aversion.
