Scale AI is cutting 14% of its staff weeks after Meta’s $14.3 billion investment in the startup. Interim CEO Jason Droege said in a memo that company ramped up its generative AI capacity “too quickly” and created too many layers of “excessive bureaucracy.” Meta CEO Mark Zuckerberg hired Scale AI’s CEO Alexandr Wang to serve
Atletico Madrid have been run by the same family for the past 38 years, but their control over the club is on the wane. There has been talk of a sale for some years, but now Los Colchoneros could sanction a second capital investment in the space of four years. Miguel Angel Gil Marin, the
The big story around AGNC Investment (AGNC -1.07%) is its shockingly large dividend yield of more than 15%. To put that yield into perspective, the S&P 500 index (^GSPC -0.40%) is yielding just 1.3%, and the average real estate investment trust (REIT) is offering 4.1%. You should never buy a stock just because of the
Two people who allegedly took around $1 million from investors who believed they were buying stock options or franchises of a pizza restaurant chain have been charged in San Diego Superior Court with more than two dozen counts related to fraud or theft. The victims, which included senior citizens and military veterans, paid between $5,000
Restarting Three Mile Island: A New Chapter in Clean Energy The owners of TMI say they’re ahead of schedule to reopen the undamaged reactor at the site of the worst nuclear accident in U.S. history. Former President Trump announced over $90 billion in energy and innovation projects for Pennsylvania. Major investments include $25 billion each
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Despite ‘steel city’ reputation, Pittsburgh’s diverse economy attracts tech investment 04:28 UP NEXT Local Texas leaders face accountability questions after deadly flooding 06:04 Elmo’s X account hacked ahead of Senate vote on public media funding 03:12 Flood victims
China’s export restrictions on rare earth materials this spring lit a fire under U.S. officials, and it has turned into a scramble for rare earth independence. Beijing’s restrictions on dysposium and neodymium-praseodymium (NdPr) exposed a vulnerability in the supply chain, which could take years to fix. One company that could spearhead it is MP Materials
The “On Our Block” St. Louis Investment Program will invest $5,000 each for 300 rising eighth graders across St. Louis County. ST. LOUIS COUNTY, Mo. — What if your child could get a head start on their future? A new program is putting thousands of dollars into investment accounts for local middle schoolers. This is
JPMorgan Chase’s Wall Street units posted robust growth in the second quarter as chief executive Jamie Dimon said the US economy remains “resilient” despite the risks posed by Donald Trump’s tariffs and the country’s worsening fiscal outlook. The biggest US bank by assets said on Tuesday that trading revenues jumped 15 per cent from the year
James Litinsky made a $100mn bet in 2015 on the distressed debt of a flailing natural resources company. His wager has now paid off spectacularly, after Donald Trump’s administration thrust the group to the centre of the US strategy to counter China’s dominance in critical minerals. Shares in Litinsky’s MP Materials surged 48 per cent last