Amazon
Work
Saks Global Cuts 1,226 Jobs as Luxury Retail Bankruptcy Deepens
Workers lose severance pay as Saks Fifth Avenue parent closes 15 stores under Chapter 11 restructuring
Cybersecurity
ShinyHunters Claims 350GB Stolen in EU Commission Breach
Extortion gang breached Amazon cloud infrastructure hosting Europa.eu, Commission confirms data theft on March 24.
Technology
Amazon Buys Fauna Robotics for $350M, Escalating Humanoid Robot Race
The e-commerce giant acquires maker of Sprout, a kid-sized home robot, as humanoid competition heats up
Geopolitics
Bank of America Pays $72.5M to Settle Epstein Claims
Second-largest US bank settles class action over alleged facilitation of sex trafficking, adding to $367.5M paid by Wall Street since 2023
AI
Apple to Unveil Siri as 'Systemwide AI Agent' at WWDC 2026
Rebuilt Siri gains deep app integration, conversational chat interface, and web-sourced summaries to compete with Perplexity and Google Gemini.
AI
Anthropic Eyes $60B IPO in October
The Claude maker is in early talks with Goldman Sachs, JPMorgan, and Morgan Stanley. At $60 billion, it would dwarf OpenAI's expected offering later this year.
AI
Apple Opens Siri to Claude, Gemini, Grok in iOS 27
OpenAI's exclusive partnership ends. Users will choose their preferred chatbot through new Extensions settings. Apple is also building its own chatbot Siri based on Gemini.
Geopolitics
Australia's Fuel Crisis Deepens as Albanese Takes Emergency Powers
The ACCC says average diesel hit 303.5 cents a litre. Unleaded is 252.2 cents. Some stations in Sydney and Melbourne are charging $3.15.
Work
Amazon Confirms 16,000 Corporate Job Cuts in 2026 Workforce Restructuring
E-commerce giant announces largest single layoff of 2026 as part of broader corporate downsizing strategy.
Geopolitics
The $650 billion question: Can Big Tech justify the AI spending spree?
Microsoft, Alphabet, Meta, and Amazon are on track to spend $650 billion on AI infrastructure by the end of 2026. Investors are starting to ask where the return is.
Geopolitics
Meta Ordered to Pay $375 Million in New Mexico Over Child Safety Failures
A Santa Fe jury found Meta liable for concealing predator risks on Facebook and Instagram, marking the first time a state has prevailed at trial against a major tech company over child harm.
AI
Amazon Building Another AI Phone After Fire Phone Disaster
The Fire Phone lasted one year. Alexa devices lost $25 billion. Now Amazon's ZeroOne team thinks AI can change the math.