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Meta Shuts 3 VR Studios and Lays Off Hundreds of Devs as It Pivots From Virtual Reality and the Metaverse to AI

Meta is laying off around 10% of staff at its Reality Labs division as part of sweeping cuts set to affect more than 1,000 people. This includes the closure of a number of VR-first studios, such as Tw...

1dIGNTechnologyImpact

Dell tells staff to get ready for the 'biggest transformation in company history.' Read the memo.

Michael Dell, CEO and founder of Dell. John Lamparski/Getty Images Dell has told its employees to expect a companywide systems overhaul in May. Top exec Jeff Clarke told workers it would be the "b...

1dBusiness InsidereconomicsImpact

Luxury retail giant Saks files for bankruptcy

Saks Global, which owns the iconic Saks Fifth Avenue department store, has filed for bankruptcy. Jimin Kim / SOPA Images/Reuters Saks Global has filed for Chapter 11 bankruptcy protection. The luxury ...

1dBusiness Insidereconomics

61 million passenger trips at Hong Kong airport in 2025, up 15% year on year

Passenger trips at the Hong Kong International Airport reached 61 million in 2025, marking a 15 per cent year-on-year increase, after a full year of operation with the facility’s third runway. The Air...

9hSouth China Morning Postworld_newsImpact

Warren Buffett said he would have spent $100 billion without blinking — and cash is like 'oxygen' but 'not a good asset'

Warren Buffett is the CEO of Berkshire Hathaway. Nati Harnik/AP Warren Buffett didn't like Berkshire having so much cash and would have happily spent $100 billion. He compared cash to "oxygen"...

23hBusiness InsidereconomicsImpact

WeatherTech founder might be the newest US consumer protection official

President Donald Trump made an unconventional pick for his nomination to the Federal Trade Commission: WeatherTech founder and CEO David MacNeil. MacNeil founded the company, which makes weather-resis...

1dThe VergePoliticsImpact

Grindr's internal product road map shows it wants to sell you more products — $120 million-worth

An internal product strategy document outlined Grindr's plans to expand its direct-to-consumer businesses. Spencer Platt/Getty Images Grindr aims to establish four successful direct-to-consumer busine...

1dBusiness InsiderTechnologyImpact

2026 Is Going to Suck for PC Gaming

It’s been about a year since AMD and Nvidia released the Radeon RX 9070 XT and GeForce RTX 5090 , respectively, and this would usually mean that gaming PC prices would start to normalize a bit. And wh...

22hIGNTechnologyImpact

China, Canada poised to reset trade ties after Trump’s tariffs force rethink

Canada and China appear ready to kick-start trade talks after years of strained relations, with Canadian Prime Minister Mark Carney’s visit to Beijing this week coinciding with both countries question...

2dSouth China Morning PostPoliticsImpact

Nvidia is staffing up as it draws heightened scrutiny. These are the key leaders it gained and lost last year.

Jensen Huang Patrick T. Fallon / AFP via Getty Images Nvidia has added key marketing, policy, and HR executives over the past year. Several senior software acqui-hires came via startup deals. Executiv...

4hBusiness InsiderTechnologyImpact

Why AI is becoming the hottest cost-cutting tool in corporate legal departments

Getty Images; Tyler Le/BI In-house legal teams are moving faster with artificial intelligence. Teams now have access to tools that draft legal documents and compare terms across deals. The efficiency ...

1dBusiness InsiderTechnology

The Atlantic, Penske, and Vox Media have all sued Google for antitrust violations

Lawsuits seeking damages from Google's illegal ad tech monopoly are piling up following the Justice Department's successful antitrust case . Vox Media, The Verge's parent company, is the latest in a w...

20hThe VergeeconomicsImpact

How business leaders are responding to Trump's plan to cap credit card interest rates, from JPMorgan to SoFi

Business leaders like Klarna's CEO support Trump's credit card cap proposal, while major banks and investors warn of risks. BRENDAN SMIALOWSKI/AFP via Getty Images Donald Trump proposes a 10% cap on c...

1dBusiness InsiderPoliticsImpact

Citi CFO says a credit card cap would have a 'deleterious' impact on the economy

Citi reported fourth-quarter earnings on Thursday. Mike Kemp/In Pictures via Getty Images Citi's CFO Mark Mason said Trump's proposed credit card cap would have a 'deleterious' impact on the economy. ...

23hBusiness InsidereconomicsImpact

Bilt unveils credit cards with 10% interest rate for first year after Trump calls for cap

Bilt Rewards CEO Ankur Jain Taylor Hill/Getty Images Trump has called for a 10% cap on credit card interest rates. Bilt is rolling out a new suite of 3 credit cards offering 10% interest for the first...

18hBusiness InsidereconomicsImpact

One thing that might get workers to embrace AI? The 4-day workweek.

Working fewer days might help create buy-in among workers for adopting AI, authors of a book on the four-day workweek suggest. Drew Angerer/Getty Images Adopting a four-day workweek could boost employ...

1dBusiness InsiderTechnologyImpact

A16z partner shares 3 things founders should be able to 'materialize' if they want to be successful

Andreessen Horowitz partner Alex Rampell said he likes founders with a chip on their shoulder. Charles Eshelman/Getty Images for AOL A16z general partner Alex Rampell said founders need to materialize...

4hBusiness InsiderTechnologyImpact

The HP OMEN 45L Gaming PC with RTX 5090 GPU and 64GB of DDR5 RAM Drops to $3,708

If you were to purchase a standalone Nvidia GeForce RTX 5090 graphics card today, you'd be paying $3,000 or more. Why not just get a complete RTX 5090 prebuilt gaming PC for a similar price? HP is cur...

1dIGNTechnology

It's shaping up to be the 'prove it' year for workers in Silicon Valley

Across tech, pressure on workers to perform comes as leaders wait for AI bets to pay off. Getty Images; Alyssa Powell/BI Big Tech firms like Amazon and Meta are doubling down on worker oversight and p...

4hBusiness InsiderTechnologyImpact

The New Alienware Area-51 Ryzen X3D RTX 5090 Gaming PC Drops in Price Following CES 2026

If you're seeking the absolute best of the best in PC gaming performance, look no further than Alienware's flagship Area-51 prebuilts. Following CES 2026 , Dell has discounted an Alienware Area-51 AMD...

1dIGNTechnology
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