Barclays said it will cut 5,000 jobs, about 5% of its workforce, as the British bank increases its reliance on artificial intelligence. The lender said AI tools are taking over tasks previously handled by staff across its operations.

Norway's sovereign wealth fund, the world's largest, posted a $30 billion loss in the third quarter after a bond market slump hit its holdings. Norges Bank Investment Management, which runs the roughly $2.3 trillion fund, said returns on its bond portfolio turned negative as yields rose.

Shares of AI cloud-computing company CoreWeave have fallen 29% in October. CNBC reports that the spreads on the company's credit default swaps are also widening, meaning investors are pricing in higher risk of default on its debt. The slide renews questions about the financing costs behind massive AI infrastructure spending.

Meta has been fined $25 billion over allegations that it lied to users about how it handled their personal data. BBC Business describes the penalty as the largest yet imposed on Facebook's parent company, surpassing an earlier $18 billion privacy settlement Meta reached with the state of California. Meta has not yet issued a public response.

Intel has installed the first major structural truss at its long-delayed chip factory in Ohio, marking a visible construction milestone. The company has not yet announced a major outside customer for the plant, which is running at least five years behind schedule.

eBay will lay off about 1,000 employees, roughly 9% of its workforce, in its second round of job cuts this year. The e-commerce company said the move is meant to sharpen its focus on top strategic priorities.

SpaceX shares jumped after demand for its computing power exceeded expectations, lifting the broader artificial-intelligence stock group along with it. Elon Musk also hinted at a possible tie-up with Tesla in the same update.

President Trump suggested data center companies pay host communities a direct "dividend" to ease backlash over AI-driven construction. The remark follows mounting public concern about rising electricity costs near new facilities.

US housing data weakened further in September, according to separate reports released Tuesday, even as the Federal Reserve weighs additional interest-rate increases. The figures add to signs that higher borrowing costs are weighing on home sales and construction activity. Economists say the reports complicate the central bank's next policy decision.

Tesla and SpaceX have each formed special committees to evaluate a potential merger between the two Elon Musk-led companies, Musk said Monday. He cautioned that a combination is not guaranteed, even as Tesla shares rallied on the announcement. The companies have not set a timeline for a decision.

Salesforce shares fell after the company agreed to acquire marketing-software firm Braze for about $6 billion, a 58% premium over its recent stock price. Analysts called the price unusually steep, questioning the AI-driven deal's near-term payoff.

A new lawsuit filed in the US Court of International Trade challenges President Donald Trump's 50% tariffs on a range of Canadian goods. The plaintiffs invoke a rarely used 1930 trade-law provision, arguing the administration overstepped its legal authority.

A fire during military training at a base in Alberta killed four Canadian service members and left dozens injured, with 39 people hospitalized. Prime Minister Mark Carney described the incident as one of the worst peacetime tragedies to hit Canada's armed forces on home soil.

Albertans voted decisively against separating from Canada in the province's first-ever independence referendum, with early results showing about 77% in favour of staying. The result boosts Prime Minister Mark Carney's push for national unity as Canada faces US tariff and annexation threats.

Google says its new Pine Island, Minnesota data center will add clean power to the local grid without raising costs for other electricity customers. Energy experts and nearby residents remain skeptical that the aging grid can absorb the project without strain.

The United States has barred federal agencies from using DeepSeek, the Chinese startup's low-cost artificial intelligence chatbot, citing national security risks. The move extends a widening set of US restrictions on Chinese technology.

Roughly four in 10 US homebuilders are cutting prices to revive buyer interest, new data show, as traffic through model homes has fallen to its lowest level in 14 years. Builders are making the cuts even as they face rising construction costs.

Investors are paying sharply more to insure against an Oracle bond default, a sign of growing unease over the debt the company has taken on to fund artificial-intelligence data centers. Several Wall Street analysts say credit markets, not stock prices, are becoming the clearest stress gauge for the AI buildout.

US federal authorities say Saudi national Abdulrahman Alfozan, accused of planting a hidden recording device in an executive meeting room at OpenAI's San Francisco headquarters, exchanged WhatsApp messages with a Saudi royal days before his arrest. Prosecutors allege the device targeted board-level discussions.

Russian President Vladimir Putin has reportedly proposed a three-way summit with US President Donald Trump and Chinese leader Xi Jinping to settle the war in Ukraine. The report surfaces as tensions rise between Kyiv and Washington, Ukraine's largest military backer.