Meta Cutting Reality Labs Workforce by 10%
Meta reportedly plans to eliminate 10% of the jobs in its Reality Labs unit.
That’s according to a report Monday (Jan. 12) by Bloomberg News, which characterizes the move as part of a lar...
US Bank Stocks Drop As Trump Proposes Credit Card Interest Rate Cap
US bank stocks are sliding after President Trump proposed a cap on credit card interest rates.
Shares of major banks including Citigroup, JPMorgan Chase, Wells Fargo and Bank of America fell between 1...
Why Google Should Take Note of Meta’s Savvy Hire
Google might be running away with the AI market right now—as demonstrated by today’s Apple deal—but Meta Platforms can’t be counted out. Meta’s hiring today of former Trump administration of...
Will Perpetual Futures Define Financial Infrastructure 2.0
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For a long time, traders and investors treated ‘perps’ (perpetual futures) as one of the riskiest instruments, characterized by high leverage and constant v...