eBay to lay off 800 staff

eBay is cutting about 800 jobs, or 6% of its full-time workforce. “We are taking steps to reinvest in our business and align our structure with our strategic priorities, which will impact certain roles in our workforce,” the company said in a statement. “We are grateful for the contributions of the affected employees and are…

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China’s ban on cybersecurity software roils three stocks — our view

Geopolitical tensions are shaking the cybersecurity tape, impacting Club names Palo Alto Networks , CrowdStrike , and Broadcom . But they’re not changing our investment theses. Reuters reported Wednesday that Chinese authorities have told domestic companies to stop using cybersecurity software from a handful of U.S. and Israeli firms, including Palo Alto Networks, CrowdStrike, Fortinet,…

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Warren proposes AI tax

Welcome to The Hill’s Business & Economy newsletter {Beacon} Business & Economy Business & Economy The Big Story Warren proposes taxing AI companies so ‘win’ benefits all Americans. Senator Elizabeth Warren (D-Mass.) is calling for a change to the U.S. tax code to tax artificial intelligence companies, arguing that profits from AI “should be considered…

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