Every story in this issue with a short summary, so you can decide what to read before leaving the site. Summaries are written by AI (Claude) only from each publisher's own description and checked by Jev for anything not in that description. They are not full translations. Follow "Read the original" for the full story.
HSBC Holdings shares are around £13.96 after a multi-year run, with a total return of about 334% over the past 5 years. Recent headlines around AI, cost cuts and digital assets focus attention on how effectively the bank uses its balance sheet to create value for shareholders.
Read the original →The bank says automation and generative AI are helping it accelerate processes and operate with a leaner structure. It has not said that AI is directly replacing the departing employees. The cuts come as the bank targets profitability in 2027.
Read the original →Amazon and Netflix are cutting jobs in the wake of overhiring and slower growth.
Read the original →Major US companies including e-commerce firm Amazon and streaming service Netflix have reported successive job cuts. The news was reported on the 10th, local time, by outlets including the Los Angeles Times and Business Insider.
Read the original →Economists are warning the emergence of AI and other technological changes have added another layer of uncertainty.
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