Meta CEO attributes layoffs plan to capex, won’t rule out further job cuts
Meta CEO attributes layoffs plan to capex, won’t rule out further job cuts Source link
May 2026
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F1's Alex Albon on getting ready for the Miami GP – and his 14 cats
The Williams driver is ready to race again this weekend after the unexpected five-week break. Source link
Congress keeps kicking surveillance reform down the road
Congress has reauthorized Section 702 of the Foreign Intelligence Surveillance Act — but only for another 45 days. The extension is meant to give legislators more time to negotiate reforms to the controversial wiretapping bill. If the past few weeks are any indication of how future debates will go, however, we’re in for a bumpy…
Rivian says US loan for Georgia plant set to be smaller but quicker
Rivian says US loan for Georgia plant set to be smaller but quicker Source link
King and Queen end US state visit with trip to small-town America
On the final day of the state visit, the royal couple headed to Virginia for a more informal experience of the US. Source link
Rivian downsizes new EV factory after Trump’s DOE slashes loan agreement
Rivian announced some changes today with regard to the factory its building in the state of Georgia. The company was planning to build the facility in two phases, each resulting in 200,000 vehicles of annual production capacity, for a total of 400,000 units. Rivian held a ground breaking ceremony late last year. Now the company…
Canada stocks higher at close of trade; S&P/TSX Composite up 1.94%
Canada stocks higher at close of trade; S&P/TSX Composite up 1.94% Source link
Ukraine expands oil strikes on Russia as Putin proposes brief ceasefire
Earlier this month a number of strikes were carried out on oil infrastructure in the city of Tuapse on the Black Sea, leading to significant oil spills. On local Telegram chat groups, people shared photos of oil slicks in the sea, black puddles on the road and stray animals covered in oily droplets. Source link
Rivian downsizes DOE loan to $4.5B, while boosting capacity of Georgia factory
Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion allocated under the Biden administration. The company also announced Thursday that it will draw on the loan sooner than planned, in early…
Insurer AIG’s quarterly profit surges on steep fall in catastrophe losses
Insurer AIG’s quarterly profit surges on steep fall in catastrophe losses Source link