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.

Loading the Newsroom
Curating from trusted global sources…
32 briefings · “rte”
The card giant is betting AI will let it run leaner, but the restructuring charge hits right as investors digest Q3 results.
Musk's reported stake lands alongside Laurene Powell Jobs as the $111bn Paramount-WBD merger redraws Hollywood.
Tesla will sell its autonomous two-seater by end of year while federal regulators investigate whether it meets vehicle safety standards.
The social media giant's ad engine and AI bet absorbed a massive teen-safety settlement and a new $25B privacy fine, keeping growth on track.
A third-quarter revenue surge and a surprise merger hint put SpaceX in the spotlight. Here is what it means for Tesla investors and the space economy.
A federal judge tossed the case on procedural grounds after Ann Altman missed a medical exam and deadlines, clearing a legal overhang for OpenAI's chief.
The streaming giant's latest earnings show profit growth, but flat engagement in the U.S. and Canada signals a ceiling for its core market.
The rocket giant's third-quarter net income shows AI demand is now a decisive force in the space economy.
The streamer cleared third-quarter estimates, then spooked investors with a soft fourth-quarter outlook and a cautious read on 2026 ad revenue.
Health Minister Muhammad Ali Pate says the patient flew in from Uganda, putting Africa's latest outbreak on Nigeria's doorstep.
A second $45B deal would bring the pair's total to $90B and escalate the AI compute race.
The chief international anchor who started as an assistant in 1983 is out, forcing CNN to rethink its global news identity.