SpaceX wins Texas tax break for $55 billion chip project despite public opposition, environmental concerns, and looming IPO scrutiny.
Browsing: Economy
Study finds immigrants founded 59% of U.S. unicorn startups, highlighting their major role in innovation, jobs, and economic growth.
Republican attorneys general push H-1B wage hike, alleging foreign labor misuse displaces Americans and threatens domestic jobs and security.
Nvidia expands H-1B hiring and offers multimillion-dollar salaries as AI talent demand grows despite widespread tech layoffs.
Former Fed Chair Jerome Powell warns political pressure threatens Federal Reserve independence, and public trust in economic stability.
Illinois approves a $59 billion budget, expecting $200 million from social media taxes amid federal funding uncertainty and economic concerns.
Webflow layoffs trigger backlash after employee loses laptop access before notification, highlighting concerns over AI-driven restructuring.
US mortgage rates hit 6.53%, highest in nine months, as inflation fears and Iran conflict raise borrowing costs for homebuyers.
Wealthy Indians explore trusts, insurance, and restructuring to protect growing U.S. stock holdings from hefty inheritance tax exposure.
Ex-Googler quits $300K Google job after four H-1B rejections, builds AI startup, secures green card after years of uncertainty.
H-1B workers reveal harsh realities of America’s tech slowdown, visa insecurity, layoffs, and intense competition in today’s job market.
Wix will reduce its workforce by 20% as the company restructures operations around artificial intelligence and economic pressures.
Trump-backed proposal for a $250 bill sparks legal concerns as rules bar living people from appearing on US currency.
Tech layoffs in 2026 are becoming costlier, with workers losing nearly $14,400 monthly amid AI-driven restructuring and rising expenses.
US consumer confidence dropped in May as inflation concerns, rising costs, and economic uncertainty weakened spending outlook and sentiment.
India received record $137 billion in remittances in 2024 as the US remained the world’s top sender for overseas workers and migrants
Groupon cuts 400 jobs under its AI-native Project Foundry strategy, replacing human roles with automation and AI-driven operations.
Meta layoffs impact nearly 1,400 Seattle-area employees as company restructures operations and shifts focus toward AI investments.
NYC launches $26 World Cup dining deals across 300 restaurants, celebrating diversity, affordability, and FIFA 2026 excitement citywide.
Micron reaches $1 trillion valuation as UBS raises target sharply on booming AI memory demand.
OpenAI CEO Sam Altman says AI growth may reshape jobs, but human interaction remains irreplaceable across workplaces globally.
Wix plans 1,000 layoffs despite revenue growth, as AI investments and automation reshape roles across the company.
Indian-American family in NY debates returning to India despite $3M savings, highlighting loneliness, identity, inflation, and aging parents.
Uber explores higher bid for Delivery Hero as takeover talks fuel stock surge and consolidation expectations.
An analysis of OpenAI and Anthropic’s IPO trajectory, examining AI infrastructure costs, government dependence, and the growing “vibe slop” problem.