The Asian-focused bank unveiled plans on Tuesday to cut around 7,800 jobs as it ramps up the use of AI across its operations.

Paul Schrader — who wrote “Taxi Driver” and “American Gigolo,” the latter of which he also directed — notified Facebook ...

Editor’s note: “Wall Street Is Pricing AI’s Upside. Nobody Is Pricing This.” was previously published in May 2026 with the title, “This Is How the AI Boom Ends.” It has since been updated to include ...