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Wall Street ends sharply lower amid AI displacement fears and revived tariff angst
Wall Street stocks dropped sharply as fears over artificial intelligence disruption and revived tariff concerns weighed on investor sentiment amid ongoing geopolitical tensions.
Software companies face higher borrowing costs, tougher scrutiny as AI threatens businesses
Software companies in the US are delaying debt deals due to rising borrowing costs and lender scrutiny amid fears of AI disrupting business models.
CoStar cuts Richmond jobs as Homes.com faces scrutiny
CoStar is laying off Richmond employees as it expands AI at Homes.com and faces investor criticism over spending and strategy.
American Systems wins $173M Navy contract
American Systems announced that it has received a $172.7 million Navy contract to continue testing and evaluating new military technologies.
Blackstone boosts stake in AI startup Anthropic to about $1B, source says
Blackstone is boosting its investment in Anthropic to about $1 billion, valuing the Claude chatbot maker at roughly $350 billion as investor appetite for leading generative AI companies remains strong.
Amazon plans to launch AI content marketplace, The Information reports
Amazon is signaling plans for an AI content marketplace that would let publishers sell material to artificial intelligence companies, as tech firms and media groups negotiate new rules and fees for AI use of content.
Amazon shares slide as $200 billion outlay fans fears over AI returns
Amazon stock fell after unveiling a $200 billion AI capex plan, raising investor fears and questions about Big Tech returns.
Wall Street ends sharply down as AI worries weigh
U.S. stocks fell sharply as heavy AI spending plans from Alphabet and Big Tech reignited fears over profits and valuations.
Google goes from laggard to leader as it pulls ahead of OpenAI with stellar AI growth
Alphabet is emerging as an AI leader, but investor worries rose after Google said it could spend up to $185B this year.
Space stocks jump after Musk’s SpaceX-xAI merger
U.S. space stocks rose after Elon Musk announced a SpaceX-xAI merger, betting on AI infrastructure and computing in space.
Disney taps parks head Josh D’Amaro as CEO to lead post-Iger era
Disney named theme parks chief Josh D’Amaro as CEO, succeeding Bob Iger as AI, labor talks and industry consolidation loom.
Amazon axes 16,000 jobs as it pushes AI and efficiency
Amazon confirmed 16,000 corporate job cuts, bringing total layoffs to 30,000, as CEO Andy Jassy pushes to reduce bureaucracy.
