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Is Big Tech’s $725B AI splurge being funded by mass layoffs?

Evening digest: Oil slips, Bitcoin rallies above $81k as geopolitics shift

Evening digest: US-Iran deal hopes rise, Corning jumps on Nvidia

ECB flags structural barriers slowing euro zone capital market integration

US private payrolls beat estimates as hiring rises to 109,000 in April

Evening digest: US inflation jumps, Meta stock drops while Alphabet soars

Russia resumes forex purchases as oil price windfall boosts revenues

AI rally powers Wall Street higher in April while Europe loses momentum

Australian central bank raises rates for third time as oil shock bites

Will Powell’s move limit White House influence over the Fed?