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Meta cuts jobs in Metaverse Silicon Unit

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Meta, the parent company of Facebook, is reportedly trimming its workforce in the metaverse silicon division, according to insider sources.

This move comes as Meta continues to face challenges and scrutiny in the metaverse space.

The metaverse silicon unit, responsible for developing hardware components for Meta’s ambitious metaverse plans, will see a significant reduction in staff. While specific numbers have not been confirmed, sources suggest that several hundred employees may be affected.

Meta’s decision to cut jobs in this division reflects the company’s need to reevaluate its metaverse strategy and allocate resources more efficiently. The metaverse project has faced technical hurdles and mixed public reception, prompting Meta to adjust its approach.

This restructuring follows Meta’s recent announcement of a new metaverse roadmap, which includes plans for improved hardware and software integration to enhance the metaverse experience for users.

The company aims to remain at the forefront of the metaverse revolution despite the challenges it has encountered. However, the decision to downsize its silicon unit suggests a reevaluation of priorities and a desire to streamline operations.

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Stocks rebound as Bitcoin and tech surge ahead of Fed meeting

Stocks rebound as tech and bitcoin rise, fueled by optimism over potential Fed interest rate cuts.

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Stocks rebound as tech and bitcoin rise, fueled by optimism over potential Fed interest rate cuts.


Stocks bounced back today as investors cheered gains in technology shares and bitcoin. Optimism is building around a potential interest rate cut from the Federal Reserve on December 10, fueling a bullish mood in the markets.

December has historically been a strong month for equities, with the S&P 500 averaging more than a 1% gain. Analysts are watching closely as the final weeks of the year could set the tone for 2026.

For expert insights, Chris Weston from Pepperstone breaks down what investors should watch and how the market could react to the Fed’s next move.

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#Stocks #Bitcoin #TechStocks #MarketUpdate #Investing #SP500 #FederalReserve #Trading


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Kristi Noem pushes to expand U.S. travel ban amid rising security concerns

Noem calls for expanding U.S. travel ban amid security concerns following a deadly shooting, citing risks from additional countries.

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Noem calls for expanding U.S. travel ban amid security concerns following a deadly shooting, citing risks from additional countries.


Homeland Security Secretary Kristi Noem is calling for a major expansion of the U.S. travel ban, arguing that more countries are sending dangerous migrants into the United States. Her proposal would widen the list from 19 to as many as 30 nations, although the exact countries have not been named.

The push follows a deadly shooting in Washington that killed a young Army specialist and left another critically injured. Noem says the attack highlights growing national security gaps.

The conversation is now shifting to how the U.S. evaluates travel risks and the broader political consequences.

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#KristiNoem #TravelBan #USPolitics #HomelandSecurity #MigrationPolicy #BreakingNews #USBorder #TickerNews


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Putin says Russia is ready for war if Europe attacks

Putin warns of war with Europe if attacked, criticizing U.S. peace proposal changes and accusing leaders of undermining peace.

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Putin warns of war with Europe if attacked, criticizing U.S. peace proposal changes and accusing leaders of undermining peace.


Russian President Vladimir Putin has warned that Moscow is prepared for war with Europe if it is attacked, accusing European leaders of undermining peace efforts. His remarks escalate tensions amid ongoing conflict and growing fears of broader confrontation.

Putin also criticised recent changes to a U.S. peace proposal for Ukraine, calling them “absolutely unacceptable” and highlighting what he sees as major obstacles to negotiation. He insists any agreement must address the deeper causes of the conflict.

NATO officials have dismissed Putin’s comments, saying the alliance remains united and resolute. The warning comes as geopolitical pressure mounts and diplomatic channels continue to strain.

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#Putin #Russia #Europe #NATO #UkraineWar #Geopolitics #WorldNews #TickerNews


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