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Microsoft is offering voluntary buyouts to roughly a quarter of its workforce, a significant restructuring signal from one of the world's largest employers. The scale suggests the company is making deliberate bets about where its headcount should and shouldn't be in an AI-driven era.
That timing matters, because a top economist is now warning that AI is delivering almost zero financial payoff to most non-tech firms. Apollo's Torsten Slok argues the gains are heavily concentrated among the so-called Magnificent Seven tech giants, while mainstream corporate America is quietly pulling back on spending, waiting for proof the investment is worth it.
Meanwhile, in the crypto world, Tom Lee's Bitmine has now accumulated nearly five percent of Ethereum's circulating supply, but the headline may actually be its share buyback program. The firm repurchased over two million of its own shares, claiming it's the largest equity buyback any crypto treasury company has ever run, a move that says as much about investor confidence as it does about Ethereum itself.
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