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Amazon unveils latest warehouse robot as tech giants do AI layoffs

TazaPulseJune 5, 2026

Amazon’s original Proteus robot has been rolled out in 25 fulfilment centers in the U.S. Sawdah Bhaimiya Amazon has unveiled its latest warehouse robot that can take commands in conversational language, underscoring how AI-powered automation is advancing as companies continue to slash their corporate workforce in AI-driven efficiencies. The tech giant’s next-generation Proteus is an...

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Jobs report May 2026:

TazaPulseJune 5, 2026

Job growth unexpectedly surged in May as the U.S. labor market continued a solid year of expansion, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls jumped a seasonally adjusted 172,000 for the period, down slightly from the upwardly revised 179,000 in April and far above the Dow Jones consensus estimate for 80,000. The unemployment...

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Anthropic’s IPO sets up first big test of AI boom valuations

TazaPulseJune 5, 2026

This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. This week has been dominated by the hype around the highly anticipated IPOs of SpaceX, Anthropic and OpenAI. When Elon Musk‘s SpaceX priced its IPO at $135 a share, giving the company a record $1.77 trillion valuation, investors were...

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The May jobs report will be released Friday. Here’s what to expect

TazaPulseJune 5, 2026

A job seeker visits the recruiting booth for Generali Global Assistance during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2026 in Sunrise, Florida. Joe Raedle | Getty Images The stronger-than-expected start this year for job creation could be in for a reality check when the Bureau...

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Quantinuum stock opens at $68 per share after IPO

TazaPulseJune 4, 2026

Quantinuum opened trading at $68 per share on the Nasdaq on Thursday, after upsizing its initial offering. The company raised $1.68 billion in an upsized IPO after it priced at $60 per share, above of its earlier range of $53 to $55 per share. At the first trade price, Quantinuum has a market cap of...

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Institutional investors return to retail ‘in a very big way’

TazaPulseJune 4, 2026

Key Points More stores closed or downsized than opened or expanded during the first quarter, according to a report from JLL, but vacancies are still low at just 4.4%. Retail offers much better yields than other commercial real estate sectors. Investment transaction volumes reached more than $15 billion during the first quarter, an increase of...

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Bluesky was a Twitter rival — now it looks to Reddit for inspiration

TazaPulseJune 4, 2026

The BlueSky logo is displayed on a mobile phone screen with its icon in back of it. Anadolu | Anadolu | Getty Images Bluesky, the social media platform that originated within Twitter, rose to prominence as a rival to the network after Elon Musk acquired the company and rebranded it as X. But, two years...

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Eli Manning’s private equity firm buys RCX in bet on youth sports

TazaPulseJune 4, 2026

A youth player for MLB Pitch Hit & Run takes the field. Courtesy of RCX A version of this article appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. Former...

Biotech M&A hits $106 billion, on track for best year since pre-Covid

TazaPulseJune 4, 2026

Global biopharma M&A is experiencing a sharp uptick, putting the sector on track for its strongest year since the pre-pandemic peak seven years ago. Driven by looming patent cliffs, newly buoyant public markets, and Big Pharma’s race to beef up their pipelines, dealmaking so far in 2026 amounted to $106 billion over 201 deals, according...

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Amazon engineers in Seattle slam employer for AI data amid layoffs

TazaPulseJune 4, 2026

A group of Amazon engineers appeared at Seattle City Council hearings on Wednesday to throw their support behind efforts to regulate the development of giant AI data centers in the area, which are getting constructed while their employer is engaged in mass layoffs. “It’s been reported that this year, Amazon is spending $200 billion dollars...