Meta Platforms Inc. is alerting thousands of employees that they’re being laid off, part of a restructuring aimed at improving efficiency and reducing costs as the company invests heavily in artificial intelligence.

SpaceX expects to proceed with its acquisition of artificial intelligence coding startup Cursor 30 days after Elon Musk’s company begins trading publicly, according to people familiar with the matter.

Neema Raphael, Chief Data Officer & Head of Data Engineering, Goldman Sachs discusses the importance of data in the age of AI with Bloomberg's Lisa Mateo at the Building an AI Future-Ready Business event. (Source: Bloomberg)

Ratnakar Lavu, EVP, Chief Digital Information Officer, Elevance Health, Nick Nadgauda, EVP, Global Chief Information Officer, MetLife, and Sharmila Ravi, SVP, Card Technology, Capital One discuss optimizing business outcomes with intelligent workflows with Bloomberg's Niraj Patel at the Building an AI Future-Ready Business event. (Source: Bloomberg)

Niraj Patel, Senior Software Analyst, Bloomberg Intelligence discusses the rise of AI agents in the enterprise and how they are disrupting the software stack on Bloomberg's Building an AI Future-Ready Business event. (Source: Bloomberg)

Yields on the US Treasury’s longest-dated bond rose to the highest level in almost two decades as investor concerns mount that accelerating inflation will force central bankers to raise interest rates. Bloomberg's Mark Cranfield breaks down the situation. (Source: Bloomberg)

Asian stocks were poised to fall for a fourth day as mounting inflation concerns extended a selloff in Treasuries, sending yields to multi-year highs.

Japanese stocks are under pressure as long-term interest rates approach 3%, levels which are stoking fears about a hit to corporate earnings via increased borrowing costs.

Russian President Vladimir Putin arrives in Beijing to reinforce ties with Chinese leader Xi Jinping and make progress on a long-stalled energy project. (Source: Bloomberg)

Toll Brothers shares rose as much as 5% in postmarket trading on Tuesday after the luxury homebuilder reported second-quarter profit that beat analysts’ estimates and raised its full-year guidance.