Mark Zuckerberg’s Meta slashes 5% of its workforce, impacting over 3,600 employees, in the latest major tech layoff focused on performance cuts. The move signals a continuing push for efficiency and AI dominance in 2025, sparking industry-wide debate.
Intel’s $7.86B CHIPS Act grant faces new scrutiny amid CEO leadership changes, risking delays in semiconductor production. The funding aims to boost U.S. chip manufacturing, but political and corporate uncertainty threatens timelines for Ohio and Arizona projects.
Global markets rally as Fed signals potential rate cuts, easing inflation fears. S&P 500 hits record high, while oil prices dip. Investors cheer dovish shift, anticipating lower borrowing costs and boosted economic growth.
