DETROIT — An ominous email about an oddly timed 15-minute virtual meeting. A scripted message from human resources. And an abrupt end to that meeting, as well as their job. That’s how several General Motors employees who were laid off Monday by the Detroit automaker described their jobs being terminated to CNBC. “No appreciation or…
Coinbase CEO Brian Armstrong said Tuesday that the company will cut roughly 14% of its workforce, or about 700 employees, citing a combination of market volatility and AI quickly changing how the company operates. The move comes ahead of Coinbase’s first-quarter earnings, which the company is scheduled to report Thursday. Shares fell 3% midday, after…
Sarah Friar, CFO of OpenAI, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 21st, 2026. Oscar Molina | CNBC OpenAI plans to reserve a portion of shares for individual investors in what’s expected to be a blockbuster initial public offering. Chief Financial Officer Sarah Friar told CNBC that…
My fiancé and I are about to be the winners of our friend group’s March Madness pool. The way things have shaken out, no matter which team triumphs, one of us is certain to win the pool — a victory for our joint wedding fund either way. But as I was calculating our eventual winnings,…
Costfoto | Future Publishing | Getty Images Coinbase received conditional approval from the U.S. Office of the Comptroller of the Currency, or OCC, to operate as a trust bank, the company said Thursday. If finalized, the crypto exchange will be able to operate payment products in addition to its custody business under federal supervision, Coinbase’s…
For most of my adult life, I’ve enjoyed a relatively straightforward tax situation. In most years, I merely made sure the income from my W-2 was correct and clicked through my preferred tax software’s questions to the end. No dependents, no side hustle income, no property in my name. This past year was a little…
Travis Di Lombardi-Spicer quit his audio producing job on the spot after getting passed up for a raise in January 2025. The 30-year-old felt artificial intelligence could eventually eliminate his job, and he wanted to do something proactive instead of pocketing his roughly $75,000 a year, from full-time work and freelance projects, and waiting for…
Inkoly | Istock | Getty Images When OpenAI announced its Instant Checkout feature last fall, retailers sprang into action. Etsy, Walmart and Shopify quickly lined up to let users buy merchants’ products directly within its ChatGPT chatbot. Suddenly, the e-commerce world was fixated on shopping agents, the artificial intelligence tools that can make purchases on…
Granger Wootz | Tetra Images | Getty Images The average tax refund is 10.8% higher so far this season, compared with about the same period in 2025, according to the latest IRS filing data. As of March 13, the average refund amount for individual filers was $3,623, up from $3,271 about one year ago, the IRS reported on Friday….
Omar Marques | Lightrocket | Getty Images Cryptocurrency trading platform Crypto.com announced Thursday that it is laying off 12% of its staff as the company integrates artificial intelligence. “We are joining the list of companies integrating enterprise-wide AI. Companies that do not make this pivot immediately will fail,” CEO Kris Marszalek posted on X. “As…
