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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...

2hIGNTechnologyImpact

A millennial who hit a 7-figure net worth after quitting corporate life to be a content creator explains how to make money online

Michela Allocca is the founder of Break Your Budget. Courtesy of Michela Allocca Michela Allocca grew Break Your Budget into a top personal finance brand on social media. She quadrupled her income by ...

2hBusiness InsidereconomicsImpact

German Chancellor Merz visits India's tech hub Bengaluru

Merz is due in Bengaluru, often called India's Silicon Valley, after meeting PM Modi in Ahmedabad. The visit comes just weeks ahead of plans to sign a long-awaited free trade agreement between India a...

1dDeutsche WellePolitics

How Meta's Latest Job Cuts Compare to Recent Broader Tech Sector Layoffs

The roughly 1,000 job cuts in Reality Labs come as Meta reallocates resources from the metaverse to AI wearables and mobile products....

3hDecryptTechnologyImpact

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...

2hBusiness InsiderTechnologyImpact

Crypto’s 2026 comeback hinges on three outcomes, Wintermute says

Bitcoin’s muted 2025 rally and fading altcoin cycle point to a structural market shift, leaving crypto’s 2026 outlook tied to institutions, rates and retail return....

17hCoinTelegraphcryptocurrencyImpact

Stablecoin yields create ‘dangerous’ parallel bank system: JPMorgan exec

JPMorgan chief financial officer Jeremy Barnum told investors in an earnings call that stablecoin yields are a “dangerous and undesirable thing.”...

7hCoinTelegraphcryptocurrencyImpact

China logs record trade surplus in 2025 amid Trump tariffs

China's trade has reached a "new historical high" in 2025 and Beijing plans to 'open more' in 2026 as Trump's tariffs force producers to push their products in alternative markets....

7hDeutsche WelleeconomicsImpact

Tesla's Cybertruck is falling far short of Elon Musk's ambitious sales targets

Tesla CEO Elon Musk unveils the Cybertruck at an event in 2019. FREDERIC J. BROWN/AFP via Getty Images Things are not looking great for Elon Musk's Cybertruck. Tesla sold just over 20,000 of the "...

20hBusiness Insiderautomotive

New Senate CLARITY Act draft allows activity-based stablecoin rewards

A revised Senate CLARITY Act draft would allow activity-based stablecoin rewards tied to payments, wallets and staking, while barring interest paid solely for holding tokens....

1dCoinTelegraphcryptocurrency

Mainland Chinese money to drive 10% rise in Hong Kong commercial property deals: Colliers

Surging mainland Chinese investment in Hong Kong’s commercial real estate sector has helped set the stage for a “measured recovery” in 2026, according to Colliers. Investment from the mainland rose to...

10hSouth China Morning PosteconomicsImpact

Ubisoft Layoffs Continue With 55 Staff at The Division Studio Massive and Ubisoft Stockholm Now Impacted

Ubisoft has today announced that it expects 55 jobs to impacted as part of further cost-cutting, now at The Division studio Massive and fellow Swedish outfit Ubisoft Stockholm. The likely job losses f...

1dIGNeconomicsImpact

China’s trade surplus hits record $1.2tn in 2025

Exports soar as world’s second-largest economy shakes off Trump tariff threat...

9hFinancial TimeseconomicsImpact

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...

2hBusiness InsiderPoliticsImpact

Germany’s Merz pledges to fast track India-EU trade deal during first official Asia visit

German Chancellor Friedrich Merz’s first visit to Asia has raised India’s hopes for a long-awaited trade pact with the European Union as Berlin pushes for deeper engagement with South Asia amid height...

1dSouth China Morning PostPoliticsImpact

Revolut stablecoin payment volumes surge 156% in 2025: Research

The most common stablecoin transfer amounts are in the $100 to $500 range, showing Revolut customers actively use stablecoins for everyday medium-sized payments....

11hCoinTelegraphcryptocurrencyImpact

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...

2hBusiness InsiderTechnologyImpact

Yield-bearing stablecoins risk 'dangerous' parallel banking system: JPMorgan CFO

Jeremy Barnum told JPMorgan shareholders that yield-bearing stablecoins risk creating a parallel banking system without the safeguards of traditional regulation....

15hCoinTelegraphcryptocurrency

JPMorgan's CFO warns cutting credit card interest could make the business not worth being in

JPMorgan Chase CEO Jamie Dimon. Noam Galai/Getty Images America's biggest bank by assets, JPMorgan Chase, reported fourth-quarter earnings on Tuesday. CFO Jeremy Barnum discussed how reduced interest ...

23hBusiness InsidereconomicsImpact

The US ended 2025 with steady but elevated inflation in December

The Bureau of Labor Statistics published the December consumer price index data. Myung J. Chun/Los Angeles Times via Getty Images The inflation rate remained at 2.7% in December, matching expectations...

23hBusiness InsidereconomicsImpact
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