Layoff announcements top 1.1 million this year, the most since 2020 pandemic, Challenger says
The firm said layoff plans totaled 71,321 in November, a step down from October but still enough to bring the…
Economy
Marvell to acquire Celestial AI for as much as $5.5 billion
The deal is an aggressive move for Marvell to acquire complimentary technology to its semiconductor networking business. ...
Holiday shopping turnout jumps to 202.9 million people during Thanksgiving weekend, NRF says
Shoppers said they were motivated by sales and promotions, such as limited-time offers, according to the trade group's annual survey.…
SoftBank soars 8% as Japanese tech stocks track Wall Street peers
Bitcoin climbed over 7% to cross the $90,000 mark after a sharp sell-off a day earlier. ...
Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT
Anthropic, the AI startup behind the popular Claude chatbot, is reportedly in talks to launch one of the largest initial…
Delayed tariff impact starting to hit, could cause companies to reduce head count in 2026
President Trump's tariffs, aimed at reshoring American jobs lost to overseas manufacturing, could end up lowering head count instead ...
Nvidia takes $2 billion stake in Synopsys with expanded computing power partnership
The two companies are partnering to accelerate computing and AI engineering solutions. ...
Shopify outage: Shopping platform goes down for some users during Cyber Monday
Select merchants were unable to log in to Shopify, while others couldn't access their point-of-sale systems, the company said. ...
Eli Lilly cuts cash prices of Zepbound weight loss drug vials on direct-to-consumer site
The announcement comes weeks after President Donald Trump inked deals with Eli Lilly and Novo Nordisk to make their GLP-1…