Peloton has cut 11% of its global workforce, a significant reduction aimed at slashing costs. The layoffs, announced by CEO Peter Stern, heavily impact engineering teams working on technology and enterprise projects.
A new report details a fresh wave of departures from Apple’s AI and Siri teams. The exits include researchers heading to Meta and Google DeepMind, plus a senior Siri executive.
Sumitomo Mitsui Financial Group (SMFG) posted strong third-quarter earnings, with net profit rising 12% to 461 billion yen. The bank is sticking with its upgraded annual profit forecast of 1.5 trillion yen, a target it’s already 93% of the way to hitting with one quarter left.
European leveraged loan issuance hit a record €26.5 billion this week as companies seized on strong investor demand to slash borrowing costs. However, the rush to refinance is squeezing returns for some investors, and fears over AI disruption are already derailing deals for software firms like Team.
Apple CEO Tim Cook recently highlighted a $600 billion commitment to US manufacturing and AI. According to AppleInsider, however, the vast majority of that money was announced back in February 2025, largely as a political gesture. The report argues Apple has long invested in the US, just with less f
The chief AI officer at PwC is pushing back on the industry trend of bragging about AI agent headcounts. He argues the real measure of success is how effectively humans use a smaller number of high-quality, specialized agents. PwC found a top-down approach focusing on specific outcomes works far bet
Bitcoin has plunged to $81,102, its lowest point since November 21, extending a 34% drop from its October high. The rout comes as US spot Bitcoin ETFs have bled $5.7 billion over three straight months of net redemptions, the longest outflow streak since their 2024 launch.
Apple just reported its fiscal Q1 2026 results, which cover the holiday period ending December 27, 2025. The company posted record revenue of $143.8 billion, driven by “unprecedented” demand for the iPhone 17 series.
Apple reported staggering iPhone demand and a 16% revenue jump, yet its stock only inched up 0.5%. The muted response highlights investor focus on AI, where rivals like Meta are winning big. Broader markets saw wild swings as Microsoft plunged and gold hit an all-time high.
The private equity giant’s infrastructure platform, powered by data centers, grew 40% to $77 billion. Its overall revenue hit $14.5 billion for the year, showing how digital infrastructure is now central to its strategy.
