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Top Marksmen Daily - Your Daily Dose of Insights and Inspiration News

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates — REUTERS / pwu404

Amazon · United States

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

55% Center coverage: 417 sources

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere. In June CEO Andy Jassy, who has aggressively sought to cut costs since becoming CEO in 2021, said that he anticipated generative AI would reduce Amazon’s corporate workforce in the next few years.See the Story

Federal Reserve cuts key rate as government shutdown clouds economic outlook — REUTERS / ixx511

Federal Reserve · United States

Federal Reserve cuts key rate as government shutdown clouds economic outlook

54% Center coverage: 311 sources

The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated.See the Story

ED Attaches 40 Assets Worth ₹3,000 Crore Linked to Anil Ambani’s Reliance Group Across Delhi, Mumbai, Chennai

Business · Delhi

ED Attaches 40 Assets Worth ₹3,000 Crore Linked to Anil Ambani’s Reliance Group Across Delhi, Mumbai, Chennai

50% Right coverage: 16 sources

The ED has attached 40 properties worth ₹3,000 crore linked to a money laundering probe against the Reliance Group. This includes Ambani's residence and multiple assets across several cities.See the Story

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