Breaks Records, Walmart Restructures, and OpenAI Goes Hardware-First
In today’s episode, Walmart announces 1,500 job cuts across its tech and e-commerce divisions in a move to simplify operations amid rising tariff pressures. Nike is also reacting to new trade duties by raising prices on adult shoes and gear, while keeping kids’ products flat to maintain affordability. The Senate passes the No Tax on Tips Act 100–0, though experts question its limited financial impact. Meanwhile, Bitcoin sets yet another record, rising to nearly $112,000 as regulatory clarity boosts investor confidence. And finally, OpenAI makes a $6.4 billion bet on hardware by acquiring Jony Ive’s AI startup, challenging Apple and redefining the future of consumer tech.
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