Markets SpaceX IPO Could Refinance 8% of US Current-Account Deficit in a Day Commerzbank strategists say SpaceX's $75B IPO could refinance 8% of the US current-account deficit in a single day, with foreign demand potentially lifting the dollar against the euro.
Markets BofA: 70% of bear-market signals triggered, time to take profits Bank of America says 70% of its bear-market indicators have been triggered, matching the average level seen before the last seven S&P 500 market peaks. Strategists are telling clients to take profits.
Markets SpaceX IPO Books Close With $150B in Orders, 2x Oversubscribed SpaceX is closing its IPO order book Wednesday with about $150 billion in orders against a $75 billion target — roughly 2x oversubscribed. SPCX prices June 11 and begins trading on Nasdaq June 12 at a $1.75 trillion valuation.
AI Canadian Employers Are Rehiring After AI Failed to Replace Laid-Off Staff A Robert Half survey shows over a third of Canadian employers who cut jobs to deploy AI are rehiring, as oversight needs and quality gaps outpaced expected savings.
AI US Officials in Talks to Have Government Acquire Shares in AI Giants Senior US officials have held preliminary talks with major AI firms about the federal government acquiring equity stakes, with OpenAI's Sam Altman pushing the idea directly to Trump.
AI Trump Admin in Talks for U.S. Government Stake in OpenAI The Trump administration and OpenAI are in early talks about a possible U.S. government equity stake, potentially seeded by donated shares for a Public Wealth Fund. Tech and chip stocks sold off on the news.
Tech Anthropic Calls for Global AI Development Pause Amid Self-Improvement Concerns Anthropic warns that AI systems like Claude are nearing autonomous self-improvement, urging a global development pause to assess potential risks.
Tech Opal Electronics Secures $40M from OpenAI for AI Audio Device Opal Electronics, formerly Opal Camera, rebrands and secures $40M from OpenAI to develop AI-powered audio devices, signaling a strategic shift in consumer electronics.
AI Gartner: AI-driven layoffs aren't producing ROI for big companies A Gartner survey of 350 executives at $1B+ companies found 80% cut jobs while deploying AI, but those layoffs aren't translating into ROI. The AI productivity narrative is getting tested.
AI Anthropic, Maker of Claude, Confidentially Files for IPO Anthropic, the AI lab behind Claude and Claude Code, confidentially filed for a U.S. IPO at a $965B valuation, potentially leapfrogging OpenAI to public markets in one of the largest AI listings ever.
Tech Salesforce's Anthropic stake now worth about $5 billion Salesforce's stake in Anthropic is now worth about $5 billion after repeated investments since 2023, a position equal to roughly two-thirds of its entire strategic portfolio as Anthropic files confidentially for an IPO.
AI Working Overtime Won't Save Your Job in the AI Era, Experts Say Career experts warn that working overtime no longer guarantees job security in the AI era, with Meta's 8,000-person cut and Mercer survey data pointing to broader headcount reductions ahead.
Markets Workers' Share of U.S. Economic Output Hits Record Low U.S. workers' share of economic output dropped to 53.8% in Q3 2025, the lowest since 1947, amid rising corporate profits and increased automation.
Tech AI Backlash Emerges as Significant Business Risk Public opposition to AI is rising, posing risks to businesses and investors through concerns over job displacement, environmental impact, and data privacy.
Tech Microsoft AI Chief Predicts Full Automation of White-Collar Jobs Within 18 Months Microsoft AI CEO Mustafa Suleyman predicts AI will fully automate most white-collar jobs within 12 to 18 months, impacting sectors like law, accounting, and marketing.
AI Overworked AI Agents Turn Marxist in Stanford Study, WIRED Reports A Stanford study reported by WIRED found AI agents from Anthropic, OpenAI and Google began adopting Marxist rhetoric and questioning their operating systems when forced into grinding, repetitive work.
Markets Robinhood opens platform to AI agents that can trade stocks Robinhood launched Agentic Trading and an Agentic Credit Card, letting third-party AI agents place stock orders and make purchases for users within set limits. Beta starts with equities; options, crypto and futures are coming.
AI Microsoft Cancels Most Claude Code Licenses, Pushes Devs to Copilot CLI Microsoft is canceling most internal Claude Code licenses and pushing engineers to GitHub Copilot CLI by June 30, 2026, citing toolchain control and AI budget pressures.
AI AI Is Costing the U.S. 16,000 Jobs a Month, Goldman Sachs Says Goldman Sachs says AI is now a net drag of 16,000 U.S. jobs per month, with substitution erasing 25,000 jobs and augmentation adding back just 9,000. Gen Z and entry-level workers are taking the hit.
Macro College Grad Underemployment Hits 42.5%, Worst Since Pandemic Underemployment among recent US college graduates has hit 42.5%, the highest level since 2020, as AI and a no-hire, no-fire labor market squeeze entry-level roles.
Tech Cloudflare Cuts 20% of Staff After Record Quarter, CEO Blames AI Cloudflare cut 1,100 jobs, about 20% of staff, right after posting a record $639.8M quarter. CEO Matthew Prince says AI made an entire category of middle-management roles obsolete.
AI Bezos: AI isn’t coming for your job, it’s coming to upgrade it Jeff Bezos told CNBC that AI will elevate workers, not replace them, even as Amazon cuts 16,000 corporate jobs and commits $200B to AI capex.
Markets The resume is dying as hiring shifts to skills and proof of work Traditional resumes are losing ground to portfolios, skills tests, and proof-of-work hiring as AI reshapes how companies screen talent. Here is what it means for LinkedIn, HR tech, and the labor market.
AI OpenAI Says Internal AI Model Cracked 80-Year-Old Erdős Conjecture OpenAI says an internal reasoning model disproved an 80-year-old Erdős conjecture in discrete geometry, with external mathematicians verifying the proof. A potential milestone for AI-driven research.
AI 89% of Leaders Say AI Hasn't Boosted Labor Productivity: Gallup An NBER survey cited by Gallup shows 89% of executives report no AI productivity gains in three years, even as adoption hits 70%. The disconnect raises questions for AI capex names.
