BUSINESS NEWS
- Dorsey’s Block cutting up to 10% of staff in efficiency push
by Natasha Mascarenhas, Emily Mason, Bloomberg on February 7, 2026 at 10:31 pmThe company had fewer than 11,000 employees as of late-November, an executive said at the time.
- Trump backs Nexstar’s $6.2 billion takeover of broadcast rival Tegna, a few months after blasting merger of ‘Radical Left Networks’
by Christopher Rugaber, The Associated Press on February 7, 2026 at 10:13 pm“We need more competition against THE ENEMY, the Fake News National TV Networks,” Trump wrote on social media on Saturday.
- Hims & Hers scraps copycat Wegovy weight-loss pill after probe
by Jessica Nix, Madison Muller, Bloomberg on February 7, 2026 at 10:04 pmThe announcement comes a day after the US Food and Drug Administration said it was cracking down on copycat weight-loss treatments.
- Next-gen nuclear’s tipping point: Meta and hyperscalers start deals with Bill Gates’ TerraPower, Sam Altman-backed Oklo, and more
by Jordan Blum on February 7, 2026 at 9:42 pmMeta, Google, Amazon, and more all hope to lean on a nuclear construction boom to power AI.
- The U.S. construction industry’s need for labor is soaring and will need half a million new workers next year while AI giants ramp up spending
by Jason Ma on February 7, 2026 at 8:56 pmThe Associated Builders and Contractors said the industry will need to bring in 456,000 new workers in 2027, up 30.7% from the 349,000 needed this year.
- Elon Musk warns the U.S. is ‘1,000% going to go bankrupt’ unless AI and robotics save the economy from crushing debt
by Jason Ma on February 7, 2026 at 6:48 pm"We just need enough time to build the AI and robots to not go bankrupt before then."
- Anthropic cofounder says studying the humanities will be ‘more important than ever’ and reveals what the AI company looks for when hiring
by Jason Ma on February 7, 2026 at 5:19 pm"The things that make us human will become much more important instead of much less important."
- Netflix dominates streaming. No wonder it’s trying to redefine the market
by Hal Singer on February 7, 2026 at 3:58 pmAs Chairman Mike Lee put it, Netflix could become “the one platform to rule them all” if the merger is allowed to happen.
- Bitcoin whales and ETFs are bailing out of the market; UBS warns: ‘Crypto is not an asset’
by Jim Edwards on February 6, 2026 at 11:50 am“We see few bullish indicators that suggest we may be approaching the bottom,” Jefferies analyst Andrew Moss says.
- Meet the first CEO of the IRS: A Jamie Dimon protégé facing a $5 trillion test this tax season
by Shawn Tully on January 31, 2026 at 11:23 amWall Street legend Frank Bisignano has become the most prominent businessperson to dive into government work.