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Oracle Prepares New Workforce Cuts as Artificial Intelligence Spending Soars
Austin, Tuesday, 1 September 2026.
Oracle is planning further global workforce reductions to fund massive artificial intelligence infrastructure investments, following 21,000 job cuts that previously fueled a record $55.7 billion capital expenditure surge.
latest news in economy
European Central Bank Warns Investors About Mispriced Credit Risks in US Artificial Intelligence Bonds
Frankfurt, Tuesday, 1 September 2026.
European Central Bank analysts reported on August 31, 2026, that rating agencies may be using overly optimistic revenue projections for US tech giants, creating significant credit mispricing risks for European pension funds buying their long-term debt.
latest news in companies
Xcite Uranium Begins Drilling Program at Historical Lorado Site
Saskatoon, Tuesday, 1 September 2026.
Xcite Uranium launched a 1,200 m drilling program at Saskatchewan’s Lorado Project, targeting highly prospective conductor zones near a mine that historically produced 95,000 tonnes of uranium ore.
latest news in politics
Lawmakers Push to Force the Department of Justice to Release Missing Epstein Records
Washington, Tuesday, 1 September 2026.
Representative Thomas Massie has launched a House petition aimed at bypassing federal stonewalling to force the full release of unredacted Jeffrey Epstein investigation files to state prosecutors and victims.