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Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring

Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring One week after WIRED reported that things were pretty dismal over at Jack Dorsey's payment processing company Block (formerly Square), the company announced that they are cutting 4,000 employees - nearly half of their headcount - in order to invest 'heavily' in artificial intelligence tools to run more efficiently, including its own called Goose, Bloomberg reports.  The news sent shares up over 30% in after hours trade. "We are taking bold and decisive action here, but we’re doing it from a position of...
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Mar 31, 2026 / Tyler Durden
Asia Burns More Coal As Middle East War Sends LNG Prices to 3-Year Highs
Asia Burns More Coal As Middle East War Sends LNG Prices to 3-Year Highs Submitted by Tsvetana Paraskova of OilPrice.com, Coal is back with a bang in Asia’s power generation, as countries scramble to contain the LNG supply shortage due to the war in the Middle East. Coal hasn’t really left most Asian economies, which rely on the fuel for much of their power generation. Amid the squeeze of natural gas supply due to the de facto closed Strait of Hormuz and the sky-rocketing LNG prices that few buyers in Asia can...
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Feb 26, 2026 / Tyler Durden
Ten Cuban Nationals Aboard U.S.-Linked Speedboat Intended "Armed Infiltration For Terrorist Purposes," Cuba Claims
Ten Cuban Nationals Aboard U.S.-Linked Speedboat Intended "Armed Infiltration For Terrorist Purposes," Cuba Claims The Cuban Embassy's official X account says a Florida-registered speedboat carrying 10 Cuban nationals residing in the U.S. entered Cuban territorial waters armed with assault rifles, body armor, improvised explosive devices, camouflage uniforms, and telescopic sights, in what the government says was a "foiled armed infiltration" into the Caribbean island nation. Late Wednesday afternoon, the embassy's account reported that Cuban border guards aboard a vessel had fired on a U.S.-linked speedboat off Cuba's north coast, killing four...
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Jul 12, 2026 / Tyler Durden
US Population Growth Prospects Corrected Downwards
US Population Growth Prospects Corrected Downwards The population of the United States is projected to keep on climbing beyond 2100. However, the rate of increase that can be expected until 2050 has been significantly corrected downwards over the last couple of years. As Statista's Katharina Buchholz reports, according to the Congressional Budget Office, 349 million people live in the United States in 2026. In 2050, this is expected to have risen to 364 million. In 2019, previous to the coronavirus pandemic, the 2050 forecast had still shown a U.S. population of 389 million. You will find...
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