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South Korea's KOSPI closed down 76.43 points (1.35%) at 5,586.81 on Thursday, July 30.

2026-07-30

South Korea's KOSPI closed down 76.43 points (1.35%) at 5,586.81 on Thursday, July 30.

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2026-07-30

Amazon (AMZN.O) employees flagged AI projects that produced what they called “catastrophic” cost overruns totaling several million dollars, citing deployment errors and weak spending controls, according to people familiar with the matter. Senior engi

Amazon (AMZN.O) employees flagged AI projects that produced what they called “catastrophic” cost overruns totaling several million dollars, citing deployment errors and weak spending controls, according to people familiar with the matter. Senior engineers told colleagues on Tuesday that efforts to move tasks from traditional code to AI models generated unplanned expenses. Engineers are automated safeguards and other measures to implement rein in future projects costs. The $2.5 trillion company is conducting large-scale layoffs to cut costs. and support its AI investments; it expects capital expenditure of about $200 billion this year, with the majority allocated to AI and data-center infrastructure.
2026-07-30

Market sources: hedge fund Millennium Management is targeting a record $20 billion in a new fundraising round.

Market sources: hedge fund Millennium Management is targeting a record $20 billion in a new fundraising round.
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