According to a top Wall Street analyst, much of the private economy just emerged from a three-year “rolling recession” that most economists missed. Earnings are now growing at the fastest pace since 2021, suggesting a broader recovery is underway.
New PlayStation Store backend references hint at Sony exploring PC integration and cross-platform purchasing. This could signal a major shift in Sony’s traditionally console-focused strategy as Microsoft pushes broader gaming ecosystems.
IBM is cutting a “low single-digit percentage” of its 270,000 employees, potentially affecting thousands. The company says this is routine rebalancing while maintaining flat US employment.
VMware’s partner ecosystem is undergoing massive changes under Broadcom’s ownership. The new VCSP program eliminates thousands of partners while focusing exclusively on technical specialists who can drive VMware Cloud Foundation adoption.
Ripple just raised $500 million from major Wall Street players including Citadel Securities and Fortress Investment Group. The funding values the stablecoin company at a massive $40 billion, putting it ahead of rival Circle. This signals traditional finance’s growing appetite for crypto under Trump’
Google and Epic Games have settled their long-running antitrust battle, with Google agreeing to fundamental changes in how Android handles app distribution. The settlement opens the door to third-party app stores and alternative payment systems through 2032, potentially cutting developer fees dramat
IBM is planning to cut thousands of jobs in Q4 2025, representing a low single-digit percentage of its 270,000-strong workforce. The move comes as the company shifts focus toward its software segment and aims to capitalize on AI and cloud growth opportunities.
Amazon has threatened legal action against AI startup Perplexity over its Comet browser’s ability to let AI agents shop on Amazon. The dispute highlights growing tensions between big tech platforms and autonomous AI tools acting on users’ behalf. Perplexity calls the move “bullying” and an attack on
IBM is expected to lay off thousands of employees globally as the company shifts focus to higher-growth software and services. The cuts come amid similar workforce reductions at Amazon and Meta in recent weeks.
Walmart is bringing business loans directly to its marketplace sellers through a partnership with Lendistry. The integration uses sales data to streamline applications and match financing to business needs. It’s part of a broader trend of embedding financial services where businesses already operate
