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Canva to cut 22% of workforce in major restructuring

By Norman Pearlstine

Canva announced a restructuring that will affect 1,271 employees, about 22% of its staff, citing slowed growth and rising AI competition.

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McDonald’s Q3 Sales Growth Slows, Focus Shifts to Beverages and Value

By Mitchell Landsberg

Analysts expect McDonald’s third‑quarter same‑store sales to rise modestly as visits dip, prompting a renewed emphasis on drinks, holiday items and a 2027 value menu.

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Wall Street Futures Rise as Democrats Secure Congress, Data Center Outlook Shifts

By Helene Elliott

U.S. stock futures edged higher Wednesday after Democrats took control of Congress and won key governorships, prompting analysts to weigh potential limits on data‑center spending.

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Marvell to Acquire Lumentum in $115 B Deal to Form AI Connectivity Leader

By Norman Pearlstine

Marvell Technology announced a $115 billion all‑stock acquisition of Lumentum, creating a combined powerhouse for AI connectivity and marking the largest merger of two public firms.

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North Korea Rejects Claims It Led $6.3 Billion Binance Hack

By Mitchell Landsberg

North Korean officials denied U.S. accusations that the state-backed group TraderTraitor was behind the record $6.3 billion Binance breach, while the exchange works to recover stolen assets.

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Science

Canva to cut 22% of workforce in major restructuring

By Norman Pearlstine

Canva announced a restructuring that will affect 1,271 employees, about 22% of its staff, citing slowed growth and rising AI competition.

Comments closed

McDonald’s Q3 Sales Growth Slows, Focus Shifts to Beverages and Value

By Mitchell Landsberg

Analysts expect McDonald’s third‑quarter same‑store sales to rise modestly as visits dip, prompting a renewed emphasis on drinks, holiday items and a 2027 value menu.

Comments closed

Wall Street Futures Rise as Democrats Secure Congress, Data Center Outlook Shifts

By Helene Elliott

U.S. stock futures edged higher Wednesday after Democrats took control of Congress and won key governorships, prompting analysts to weigh potential limits on data‑center spending.

Comments closed

Marvell to Acquire Lumentum in $115 B Deal to Form AI Connectivity Leader

By Norman Pearlstine

Marvell Technology announced a $115 billion all‑stock acquisition of Lumentum, creating a combined powerhouse for AI connectivity and marking the largest merger of two public firms.

Comments closed

North Korea Rejects Claims It Led $6.3 Billion Binance Hack

By Mitchell Landsberg

North Korean officials denied U.S. accusations that the state-backed group TraderTraitor was behind the record $6.3 billion Binance breach, while the exchange works to recover stolen assets.

Comments closed