Nasdaq Enters Correction as AI Fears Hit Wall Street
Stocks fell sharply on Thursday as investors worried the AI build-out could slow. The Nasdaq dropped 5.5%, and the Magnificent Seven lost more than $1 trillion in market value.
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Disney Staff Press Leaders on Layoffs at Town Hall
Disney tech employees asked leadership when more cuts will come after reports of planned layoffs. Staffers say morale is low and answers were vague.
Block Details Severance for Its Second Layoff Round of 2026
Laid-off US employees at Block get at least 60 days of pay plus severance, according to an internal FAQ. The terms differ from February's package.
IREN Pushes $4B in Revenue to at Least January
AI cloud company IREN says over $4 billion in annual recurring revenue slips to at least January at Microsoft's request. Quarterly revenue rose 66% to $228 million.
Serve Robotics Opens Its Robot Tech to Other Builders
The sidewalk delivery robot maker launched Physical AI Services, selling its connectivity and data tools to other robotics companies. Its CEO calls it an AWS moment.
Tandem Diabetes Names Jeannette Bankes CEO, Succeeding Sheridan
Tandem Diabetes Care appointed GE HealthCare executive Jeannette Bankes as president and CEO from November 16. John Sheridan retires at year-end.