Amazon will cut 16,000 jobs in latest layoffs
The move follows another mass layoff by the company in October, where 14,000 workers were let go.
Investing
TikTok star Khaby Lame sells his core company in $975 million deal
Khaby Lame, the 25-year-old Italian content creator known for his tight-lipped comedy skits, has sold his company Step Distinctive Limited
Silver is moving faster than gold. That almost never happens.
Silver’s rally has pushed the gold-to-silver ratio below 50 for the first time since 2012. Here’s what the rare move means for investors and precious metals markets.
This entrepreneur became a billionaire investing in India. Up next: space and AI
Filippo Ghirelli made a small fortune in Italy then bet on one of India’s largest refineries, making him a billionaire. Now he’s out to build an empire from airports to data centers.
One third of US millionaires weigh moving overseas amid Trump presidency
Canada, England and Ireland are among the most coveted destinations for those considering leaving the U.S.
Netflix shares sink 6.5% in premarket after earnings—CEO talks up Warner deal
While Netflix’s earnings managed to beat Wall Street estimates, the company noted that increased spending on programming and the Warner deal could eat into profits.
AI security startup Dam Secure banks US$4 million
Founded by ex-Zip Payments executives Patrick Collins and Simon Harloff, Dam Secure aims to tackle security risks caused by ‘logic gaps’.
AI contract review firm Ivo raises $82m Series B
The round is led by Blackbird, which participated in the Series A raise less than a year ago. New investors include Costanoa Ventures, Uncork Capital, Fika Ventures, GD1 and Icehouse Ventures.
Elon Musk closes in on US$800 billion net worth after XAI’s latest funding round
The world’s richest person added $62 billion to his fortune after private investors more than doubled the valuation of his AI and social media firm to $250 billion.
Saks Global files for bankruptcy
The filing comes a year after the company completed a high-profile merger combining Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman in a $2.7 billion deal.