General Motors has laid off more than 600 salaried IT employees — over 10% of its IT workforce — as part of a deliberate restructuring to replace legacy technology expertise with AI-native capabilities. The company confirmed the cuts, which were first reported by Bloomberg, framing them as preparation for the future rather than simple cost reduction. GM is actively […]
The post April home sales disappoint as higher mortgage rates weigh on buyers appeared on BitcoinEthereumNews.com.
Prospective buyers arrive during an open house in Rancho Cucamonga, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty Images Sales of previously owned homes in April were essentially flat compared with March, rising just 0.2% to 4.02 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts were expecting a gain of more than 3%. April sales were unchanged year-over-year. This count is based on closings, so contracts likely signed in late February and March. The average rate on the 30-year fixed mortgage ended March in the high 5% range, according to Mortgage News Daily, and then shot up sharply, due to the start of the U.S.-Israel war with Iran. “Despite mixed macroeconomic signals—including a record-high stock market and historically low consumer confidence—home sales were modestl
The post US President Donald Trump rejects new Iran peace proposal as ‘totally unacceptable’ appeared on BitcoinEthereumNews.com.
US President Donald Trump and Iran rejected each other’s latest peace proposals to bring an end to the war in the Middle East as the two sides struggle to maintain a fragile ceasefire, Bloomberg reported on Sunday. “I have just read the response from Iran’s so-called ‘Representatives,’” he said in a social media post, calling it “TOTALLY UNACCEPTABLE,” said Trump. According to the source, which cited people familiar with the response, Iran’s latest proposal would dilute some of its highly enriched uranium and have the rest sent to a third country, but it also called for guarantees the transferred uranium would be returned if talks fail and ruled out dismantling its facilities. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI
Bloomberg reported Digital Asset Holdings is raising money at a $2B valuation in a round led by a16z Crypto, which comes less than a year after an earlier nine-figure round.
Chinese AI lab DeepSeek is in talks to raise its first venture capital round at a valuation that has climbed from $20 billion to $45 billion in weeks, according to the Financial Times and Bloomberg. The round is expected to be led by China Integrated Circuit Industry Investment Fund, with cloud giants Tencent and Alibaba […]
A 2026 ranking of crypto PR agencies with documented placements in Forbes, Bloomberg, the Wall Street Journal, Reuters, the Financial Times, and CNBC. Outset PR leads with named cases and verifiable mainstream business media outcomes.
AirPods Pro 3 | Photo by Amelia Holowaty Krales / The Verge
Apple's rumored AirPods with cameras are nearing a stage where the company will test early mass production, Bloomberg's Mark Gurman reports. Currently, Apple testers are "actively using" prototypes that are in the design validation test stage, which is one step before the production validation test stage.
The AirPods' cameras "aren't designed" to snap photos or video but instead can take in "visual information in low resolution" that users can query Siri about, like asking the AI assistant what they should cook with the ingredients they have in front of them, according to Gurman. They may also use the cameras to help with things like turn-b …
Read the full story at The Verge.
