Meta Platforms has frozen hiring in its artificial intelligence division to coincide with a broader restructuring of the group, which also prohibits current employees from moving across teams inside the division. Any exceptions to the ban on external hires would require permission from Meta’s chief AI officer, Alexandr Wang, according to sources. A Meta spokesperson…

A cyberattack on Allianz Life Insurance in late July has compromised the personal data of approximately 1.1m customers, according to the breach notification site Have I Been Pwned. The stolen information includes names, addresses, phone numbers, and emails of most of Allianz’s 1.4m U.S. customers, prompting the company to offer two years of identity monitoring…

A tentative agreement has been reached to end the strike by Air Canada’s 10,000 flight attendants. Air Canada CEO Mike Rousseau had told Reuters that he was “amazed” by the decision of the Canadian Union of Public Employees to defy an order by the Canada Industrial Relations Board, which declared the union’s work stoppage unlawful….

Despite tariffs and a cooling job market, U.S. companies are reporting stronger-than-expected earnings. S&P 500 profits rose about 12% in Q2, well above forecasts, with tech giants like Meta and Microsoft driving two-thirds of gains. “Businesses have come out of this whole thing looking better,” said Sonu Varghese of Carson Group. AI-related demand is boosting…

The GENIUS Act, signed into law in July by U.S. President Donald Trump, establishes federal guidelines for stablecoins – cryptocurrency tokens pegged to the U.S. dollar. Financial firms, including Bank of America and Citigroup, are exploring their own stablecoin options. However, experts caution that navigating compliance and technical challenges will be complex. The effective date…

Andreessen Horowitz (a16z) and the DeFi Education Fund are advocating for the U.S. Securities and Exchange Commission (SEC) to establish a safe harbor for decentralized exchange (DEX) and crypto wallet developers. This initiative seeks broker-dealer exemptions to foster innovation and reduce regulatory uncertainty in the decentralized finance (DeFi) sector. The proposal aims to clarify the…