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Challenger, a US employment data company, reported that tech layoffs in May reached their highest level since 2023, with artificial intelligence being the leading reason for layoffs for the third consecutive month.

2026-06-04

Challenger, a US employment data company, reported that tech layoffs in May reached their highest level since 2023, with artificial intelligence being the leading reason for layoffs for the third consecutive month.

Other News
2026-06-03

Spot palladium fell 3% to $1,329 an ounce.

Spot palladium fell 3% to $1,329 an ounce.
2026-06-04

Southbound Stock Connect flows were net sellers of RMB 315 mln today. Via Shanghai Stock Connect, Tencent Holdings and Kangfang Biotech were net sold HKD 445 mln and HKD 341 mln; SMIC was the largest net buy at HKD 892 mln. Via Shenzhen Stock Connect

Southbound Stock Connect flows were net sellers of RMB 315 mln today. Via Shanghai Stock Connect, Tencent Holdings and Kangfang Biotech were net sold HKD 445 mln and HKD 341 mln; SMIC was the largest net buy at HKD 892 mln. Via Shenzhen Stock Connect, SMIC and Alibaba Group-W were net sold HKD 707 mln and HKD 703 mln; Hua Hong Semiconductor led net buys at HKD 345 mln.
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