Amex cuts 5% of workforce, takes $336M charge to 'prepare for AI'
The card giant is betting AI will let it run leaner, but the restructuring charge hits right as investors digest Q3 results.

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The card giant is betting AI will let it run leaner, but the restructuring charge hits right as investors digest Q3 results.
A $1.5 billion defense infusion for North Carolina chipmaking signals a new era of Pentagon-backed reshoring - here's what it means for the industry.
The Claude maker's 5% share pledge, worth $48bn, is a bid to win over regulators and investors before its stock market listing.
A Savannah officer's shared credential let an ICE agent run hundreds of plate searches on Hispanic drivers, exposing a surveillance backdoor.
CEO Rui Casais departs as Funcom cuts staff to focus on Dune: Awakening and Conan Exiles.
Former Disney TV chief Peter Rice takes over Netflix's $20 billion content budget on October 26, replacing Bela Bajaria as viewership growth stalls.
Bollywood star Imran Khan's court fight over a protest-linked exit order puts every OCI cardholder's political risk in focus.
A $30 billion implied arrangement reshapes who supplies AI muscle, and how tech boards think about capacity and concentration.