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The four largest technology companies in the world are collectively making approximately $725 billion on capital expenditures in 2026, the overwhelming majority on AI infrastructure. In the same period, those same companies have laid off tens of thousands of workers. Meta’s CEO told staff directly that the job cuts were a consequence of AI infrastructure […]

Tech companies are no longer just cutting jobs. Many are reshaping themselves for the age of artificial intelligence. GitLab, one of the most popular web-based software platforms used by software engineers as a code repository, security, and code deployment, has now joined the growing list of companies becoming AI-first.  As part of the restructuring process,

Broadcom (AVGO) shares fell 12.6% on June 4 after the chipmaker delivered quarterly results that largely matched Wall Street expectations but failed to provide the AI revenue boost some investors were hoping for. The company reported fiscal second-quarter adjusted earnings of $2.44 a share on revenue of $22.19 billion. Analysts had expected earnings of $2.40

Over the last few years, music festivals have gone from niche entertainment events to a multi-billion dollar industry. By 2035, the global music festival market is expected to top $15.3 billion, with a CAGR of 16.98%, according to Market Reports World — a far cry from the million-dollar losses of the first Coachella.  Recognizing how

Every transformative technology shows up twice. First as a promise, loud and unavoidable, the kind that floods your phone, your group chats, and your retirement account. Then as a line item, quiet and underwhelming, buried in productivity data almost nobody reads. Right now, artificial intelligence (AI) is living loudly in the first version and almost

Michele Holleran, CEO of DeArment Consulting, joins BRN to breaks down how senior living is evolving and what that means for older adults and younger generations planning for the future. Jeffrey Snyder, Broadcast Retirement Network Joining me now is Michele Hollerns. She’s the Chief Executive Officer of DeArment Consulting. Michele, always great to see you.

Mortgage rates increased for five straight weeks and held above 6.5% for two weeks, according to Freddie Mac data. On June 4, the average 30-year fixed mortgage rate finally decreased by five basis points to 6.48%. For the most part, the 30-year rate has been dropping daily, according to Mortgage News Daily’s rate index. Beginning

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Dressing for an active day of mowing the lawn, working in the garage, or completing a home renovation project calls for clothing that’s durable enough to

Once upon a time, malls were the ultimate sanctuary for American teenagers. They weren’t just  places to shop, they were also spaces where you could get your first part-time job, go out on a date, hang out with friends, watch a movie, and choose your fashion identity.  Today, the scenario is drastically different, though it

Nvidia (NVDA) stock is up about 15.98% year to date, at the time of writing, Thursday afternoon, June 4. Meanwhile, the SPDR S&P 500 index (SPY) is up about 10.97% in the same period. While the stock has outpaced the S&P 500, its growth has lagged that of other computer-related semiconductor companies benefiting from the