Stanford Graduate School of Business students have publicly criticized their academic experience, telling Poets&Quants that outdated course content and disengaged faculty leave them unprepared for post-MBA careers. The complaints target one of the world's most selective business programs, which admitted just 6.8% of applicants last fall.

Students described required courses that "feel like they were designed in the 2010s" despite operating in an AI age. They cited a curriculum structure offering only 15 Distribution requirement electives, some overlapping while omitting foundational business strategy. A lottery system means students paying $250,000 tuition cannot guarantee enrollment in desired classes. Stanford's winter student survey showed satisfaction with class engagement dropped to 2.9 on a five-point scale, the lowest level in two to three years.

Students contrasted Stanford's "Room Temp" system, where professors pre-select five to seven students for questioning, with Harvard Business School's "cold calling" method requiring all students to prepare for potential questioning.

American Airlines Chief Executive Robert Isom criticized the use of AI in setting air fares during an earnings call, calling the practice "inappropriate" and a "bait and switch" move that could trick travelers. Isom's comments target Delta Air Lines, which is testing AI to help set pricing on about 3% of its network today with plans to expand to 20% by year-end.

Delta maintains it is not using the technology to target customers with individualized offers based on personal information, stating all customers see identical fares across retail channels. US Senators Ruben Gallego, Richard Blumenthal, and Mark Warner have questioned Delta's AI pricing plans, citing data privacy concerns and potential fare increases. Southwest Airlines CEO Bob Jordan said his carrier also has no plans to use AI in revenue management or pricing decisions.

Intel announced it will cut approximately 24,000 jobs in 2025 and cancel or scale back projects in Germany, Poland, Costa Rica, and Ohio as part of CEO Lip-Bu Tan's sweeping restructuring efforts. By the end of the year, the struggling chipmaker plans to have "just around 75,000 'core employees' in total," according to The Verge. "It's not clear if the layoffs will slow now that we're over halfway through the year, but Intel states today that it has already 'completed the majority of the planned headcount actions it announced last quarter to reduce its core workforce by approximately 15 percent.'" From the report: Intel employed 109,800 people at the end of 2024, of which 99,500 were "core employees," so the company is pushing out around 24,000 people this year -- shrinking Intel by roughly one-quarter. (It has also divested other businesses, shrinking the larger organization as well.) [...] Today, on the company's earnings call, Intel's says that Intel had overinvested in new factories before it had secured enough demand, that its factories had become "needlessly fragmented," and that it needs to grow its capacity "in lock step" with achieving actual milestones. "I do not subscribe to the belief that if you build it, they will come. Under my leadership, we will build what customers need when they need it, and earn their trust," says Tan.

Now, in Germany and Poland, where Intel was planning to spend tens of billions of dollars respectively on "mega-fabs" that would employ 3,000 workers, and on an assembly and test facility that would employ 2,000 workers, the company will "no longer move forward with planned projects" and is apparently axing them entirely. Intel has had a presence in Poland since 1993, however, and the company did not say its R&D facilities there are closing. (Intel had previously pressed pause on the new Germany and Poland projects "by approximately two years" back in 2024.)

In Costa Rica, where Intel employs over 3,400 people, the company will "consolidate its assembly and test operations in Costa Rica into its larger sites in Vietnam." Metzger tells The Verge that over 2,000 Costa Rica employees should remain to work in engineering and corporate, though. The company is also cutting back in Ohio: "Intel will further slow the pace of construction in Ohio to ensure spending is aligned with market demand." Intel CFO David Zinsner says Intel will continue to make investments there, though, and construction will continue.

AMD CEO Lisa Su said that chips produced at TSMC's new Arizona plant will cost 5-20% more than those made in Taiwan, but emphasized that the premium is worth it for supply chain resilience. Bloomberg reports: AMD expects its first chips from TSMC's Arizona facilities by the end of the year, Su said. The extra expense is worth it because the company is diversifying the crucial supply of chips, Su said in an interview with Bloomberg Television following her onstage appearance. That will make the industry less prone to the type of disruptions experienced during the pandemic. "We have to consider resiliency in the supply chain," she said. "We learned that in the pandemic."

TSMC's new Arizona plant is already comparable with those in Taiwan when it comes to the measure of yield -- the amount of good chips a production run produces per batch -- Su told the audience at the forum.

Microsoft CEO Satya Nadella addressed growing internal unease at the company Thursday morning in a company-wide memo that acknowledged the "uncertainty and seeming incongruence" of conducting layoffs while achieving record profits and AI investments. The tech giant has eliminated more than 15,000 positions in 2025, including 9,000 cuts in early July alone, marking one of the most aggressive periods of job reductions in Microsoft's history.

Nadella described this as the "enigma of success in an industry that has no franchise value," noting that Microsoft is thriving by "every objective measure" with strong market performance and record capital investments. "Progress isn't linear. It's dynamic, sometimes dissonant, and always demanding. But it's also a new opportunity for us to shape, lead through, and have greater impact than ever before," he added. Microsoft President Brad Smith said that an estimated $80 billion in capital expenditures over the past year created pressure to reduce operating costs.

Board game crowdfunding platform Gamefound is acquiring Indiegogo, planning to integrate the latter's 38 million global members with its crowdfunding technology. Both platforms will continue operating separately, though Gamefound campaigns will appear on both sites for additional exposure.

Indiegogo will immediately adopt Gamefound's flat 5% fee structure with no additional promotional charges, replacing its current pricing model. The platform will also implement Gamefound's tipping policy that directs 100% of tips to creators outside the checkout process.

An anonymous reader quotes a report from The Register: Some customers of Broadcom's VMware business currently cannot access security patches, putting them at greater risk of attack. Customers in that perilous position hold perpetual licenses for VMware products but do not have a current support contract with Broadcom, which will not renew those contracts unless users sign up for software subscriptions. Yet many customers in this situation run products that Broadcom continues to support with patches and updates.

In April 2024, Broadcom CEO Hock Tan promised "free access to zero-day security patches for supported versions of vSphere" so customers "are able to use perpetual licenses in a safe and secure fashion." VMware patches aren't freely available; users must log on to Broadcom's support portal to access the software. Some VMware users in this situation have told The Register that when they enter the portal they cannot download patches, and that VMware support staff have told them it may be 90 days before the software fixes become available. "Because our support portal requires validation of customer entitlements for software patches, only entitled customers have access to the patches at this time," a VMware spokesperson said. "A separate patch delivery cycle will also be available for non-entitled customers and will follow at a later date."

The timing of that "later date" remains uncertain. The Register also notes that "users haven't had access to patches since May."

Palmer Luckey, known for founding Oculus and defense-tech firm Anduril, is now eyeing U.S.-manufactured laptops as his next venture. While past American laptops have largely relied on foreign components, Luckey is exploring the possibility of building a fully "Made in USA" device that meets strict FTC standards -- though doing so may cost a premium. Tom's Hardware reports: ["Would you buy a Made In America computer from Anduril for 20% more than Chinese-manufactured options from Apple?" asked Luckey in a post on X.] Luckey previously asked the same question at the Reindustrialize Summit, a conference whose website said it was devoted to "convening the brightest and most motivated minds at the intersection of technology and manufacturing," which shared a clip of Luckey discussing the subject, wherein he talks about the extensive research he has already done around building a PC in the U.S. Luckey wouldn't be the first to make a laptop in the U.S. (PCMag collected a list of domestic PCs, including laptops, in 2021.) But those products use components sourced from elsewhere; they're assembled in the U.S. rather than manufactured there.

That distinction matters, according to the Made in USA Standard published by the Federal Trade Commission. To quote: "For a product to be called Made in USA, or claimed to be of domestic origin without qualifications or limits on the claim, the product must be 'all or virtually all' made in the U.S. [which] means that the final assembly or processing of the product occurs in the United States, all significant processing that goes into the product occurs in the United States, and all or virtually all ingredients or components of the product are made and sourced in the United States. That is, the product should contain no -- or negligible -- foreign content." How much more would you be willing to pay for a laptop that was truly made in America?

The New York Stock Exchange and Nasdaq have applied for regulatory permission to extend their trading hours to 22 and 24 hours daily, respectively. Nasdaq expects to implement round-the-clock trading from the second half of 2026. The London Stock Exchange is considering similar extensions, according to Financial Times. Several retail brokers already facilitate overnight trading through alternative platforms and "dark pools" -- off-exchange venues that operate during non-standard hours. Robinhood began offering all-night trading for select stocks in May 2023, while Charles Schwab announced plans to expand its overnight trading service to 1,100 securities this July. Economist argues that 24/7 trading is a bad idea. The publication writes: The problem with such trading is that price discovery can be fraught with difficulty. In fact, this is partly why institutional investors like dark pools: their lighter reporting requirements, compared with exchanges, allow big orders to be executed without alerting the wider market beforehand, which would move the price. Professionals taking the other side of these trades accept the risks and know how to navigate them. Amateurs, getting a worse price than they might have done in daylight, often do not.

The witching hours are currently when all manner of dull, but vital, post-trade processes take place, from settlement and valuation to the reconciliation of mistakes. Once trading is non-stop, there will be no pause for the financial plumbing to clear. Nor for traders to rest in the knowledge that the market is resting with them, so there is no need to refresh their screens. In today's always-on world, stock exchanges' limited opening hours might seem old-fashioned. But get ready to miss them once they're gone.

The United Kingdom's government is planning to ban public sector and critical infrastructure organizations from paying ransoms after ransomware attacks. From a report: The list of entities that would have to follow the new proposed legislation includes local councils, schools, and the publicly funded National Health Service (NHS).

"Ransomware is estimated to cost the UK economy millions of pounds each year, with recent high-profile ransomware attacks highlighting the severe operational, financial, and even life-threatening risks. The ban would target the business model that fuels cyber criminals' activities and makes the vital services the public rely on a less attractive target for ransomware groups," the UK government said.

"We're determined to smash the cyber criminal business model and protect the services we all rely on as we deliver our Plan for Change. By working in partnership with industry to advance these measures, we are sending a clear signal that the UK is united in the fight against ransomware," Security Minister Dan Jarvis added.

Olof Kyros Gustafsson, former CEO of Escobar, pleaded guilty to fraud and money laundering charges related to the company's phone scam operation. The Department of Justice says Gustafsson took orders for phones branded with Pablo Escobar's likeness but failed to deliver products, instead transferring customer money for personal use.

When customers sought refunds, Gustafsson fraudulently referred payment processors to certificates of ownership as proof of delivery. The phones were Samsung devices with gold stickers. Gustafsson faces up to 20 years in prison and $1.3 million in restitution at his December 5th sentencing.

Amazon is acquiring Bee, a startup that makes a $49.99 AI-powered wearable that passively listens to conversations and generates personalized summaries and suggestions. "You can also give the device permission to access your emails, contacts, location, reminders, photos, and calendar events to help inform its AI-generated insights, as well as create a searchable history of your activities," adds The Verge. From the report: When asked about Amazon's plans to apply the same privacy measures offered by Bee, such as its policy against storing audio, Amazon spokesperson Alexandra Miller says the company "cares deeply" about customer privacy and security, adding that the company will work with Bee to give users "even greater control over" their devices when the deal closes.

"We've been strong stewards of customer data since our founding, and have never been in the business of selling our customers' personal information to others," Miller says. "We design our products to protect our customers' privacy and security and to make it easy for them to be in control of their experience -- and this approach would of course apply to Bee." Miller also says the terms of the deal are "confidential," and all Bee employees have "received offers to join Amazon."

A six-month international study found that a four-day workweek with no reduction in pay significantly improved employee well-being, job satisfaction, and sleep quality, with burnout dropping most among those who reduced their hours by eight or more. "The results indicate that income-preserving four-day workweeks are an effective organizational intervention for enhancing workers' well-being," the researchers said. The Register reports: The study, reported in Nature Human Behaviour, was designed to test the effects of the four-day workweek with no reduction in pay. It relied on a six-month trial involving 2,896 employees in 141 organizations in Australia, Canada, New Zealand, the UK, Ireland, and the US. The researchers compared work and health-related indicators -- including burnout, job satisfaction, and mental and physical health -- before and after the intervention using survey data. A further 285 employees at 12 companies did not participate in the trial and acted as a control.

The researchers noted that the study was limited in that companies volunteered to participate, and the sample consisted of smaller companies from English-speaking countries. More extensive government-sponsored trials might help provide a clearer picture, they said. While several factors may explain the effect, one possibility is "increased intrinsic motivation at work," the study said. "Unfortunately, [we] cannot assess [this] due to data limitations." "Despite its limitations, this study has important implications for understanding the future of work, with 4-day workweeks probably being a key component. Scientific advances from this work will inform the development of interventions promoting better organization of paid work and worker well-being. This task has become increasingly important with the rapid expansion of new digital, automation, and artificial general intelligence technologies."

Apple is expected to avoid hefty daily fines from the EU by modifying its App Store policies -- allowing developers to direct users to external payment options and adjusting its fee structure. Reuters reports: The company last month said developers will pay a 20% processing fee for purchases made via the App Store, though the fees could go as low as 13% for Apple's small-business program. Developers who send customers outside the App Store for payment will pay a fee between 5% and 15%. They will also be able to use as many links as they wish to send users to outside forms of payment.

Apple made the changes after the EU antitrust enforcer handed it a 500 million euro ($586.7 million) fine in April, saying its technical and commercial restrictions prevented app developers from steering users to cheaper deals outside the App Store in breach of the Digital Markets Act. The company was given 60 days to scrap the restraints to comply with the DMA aimed at reining in Big Tech and giving rivals more room to compete. The European Commission is expected to approve the changes in the coming weeks, although the timing could still change, the people said. "All options remain on the table. We are still assessing Apple's proposed changes," the EU watchdog said.

Banks are treating "buy now, pay later" services with suspicion and warn that heavy usage could hurt customers' chances of getting approved for mortgages or credit cards. FICO will begin factoring some BNPL loans from companies like Affirm and Klarna into credit scores later this year through its new scoring model. JPMorgan Chase and Capital One have banned customers from using credit cards to pay down BNPL installment loans, while one credit union actively calls members who use BNPL to counsel them against it. BNPL transaction volume is expected to reach $116.67 billion in 2025, up from $13.88 billion in 2020, according to Emarketer.

The estate of Mike Lynch, who died a year ago when his superyacht sank off the coast of Sicily, and his business partner owe Hewlett-Packard more than $944 million, a court has ruled. From a report: The US technology company has been seeking damages of up to $4.55 billion from the estate of the late tycoon, once hailed as the UK's answer to Microsoft founder Bill Gates, over its disastrous takeover of his British software company Autonomy.

Lynch's estate has been estimated to be worth about $674 million and paying its share of the $944 million damages could leave it bankrupt. He and six others, including his 18-year-old daughter Hannah, died last August on a trip celebrating his acquittal on US fraud charges relating to HP's $11 billion takeover of Autonomy in 2011. However, HP won a separate six-year civil fraud case against Lynch and his former finance director Sushovan Hussain in the English high court in 2022, with Mr Justice Hildyard ruling that the US company had been induced into overpaying for the business.

The US Department of Homeland Security (DHS) and the US Citizenship and Immigration Services (USCIS) intend to reevaluate how H-1B visas are issued, according to a regulatory filing. From a report: The notice, filed on Thursday with the US Office of Management and Budget's Office of Information and Regulatory Affairs (OIRA), seeks the statutory review of a proposed rule titled "Weighted Selection Process for Registrants and Petitioners Seeking To File Cap-Subject H-1B Petitions."

Once the review is complete, which could be a matter of days or weeks, the text of the rule is expected to be published in the US Federal Register. Based on the rule title, it appears the government intends to change the system for allocating H-1B visas the current lottery to some system that will favor applicants who meet specified criteria, possibly related to skills.

The H-1B visa program, which reached its Fiscal 2026 cap on Friday, allows skilled guest workers to come work in the US. As of 2019, there were about 600,000 H-1B workers in the US, according to USCIS. The foreign worker program is beloved by technology companies, ostensibly to hire talent not readily available from American workers. But H-1B -- along with the Optional Practical Training (OPT) program -- has long been criticized for making it easier to undercut US worker wages, limiting labor rights for immigrants, and for persistent abuse of the rules by outsourcing companies.

An anonymous reader quotes a report from Reuters: Figma is targeting a fully-diluted valuation of up to $16.4 billion in its initial public offering, as the cloud-based design software firm prepares for a debut on the NYSE that could inject fresh momentum into a resurgent market for tech listings. The San Francisco-based company, along with some investors, is eyeing proceeds of up to $1.03 billion by selling nearly 37 million shares priced between $25 and $28 each, it said on Monday. The listing could be a major milestone for Figma, coming more than a year after its $20 billion sale to Adobe failed due to regulatory hurdles in Europe and the UK. Figma's IPO is expected to occur the week of July 28th, offering shares priced between $25 and $28. It'll trade under the symbol "FIG".

An anonymous reader quotes a report from the BBC: One password is believed to have been all it took for a ransomware gang to destroy a 158-year-old company and put 700 people out of work. KNP -- a Northamptonshire transport company -- is just one of tens of thousands of UK businesses that have been hit by such attacks. Big names such as M&S, Co-op and Harrods have all been attacked in recent months. The chief executive of Co-op confirmed last week that all 6.5 million of its members had had their data stolen. In KNP's case, it's thought the hackers managed to gain entry to the computer system by guessing an employee's password, after which they encrypted the company's data and locked its internal systems. KNP director Paul Abbott says he hasn't told the employee that their compromised password most likely led to the destruction of the company. "Would you want to know if it was you?" he asks. "We need organizations to take steps to secure their systems, to secure their businesses," says Richard Horne CEO of the National Cyber Security Centre (NCSC) -- where Panorama has been given exclusive access to the team battling international ransomware gangs. A gang of hackers, known as Akira, broke into the company's system and demanded a payment to restore the data. "The hackers didn't name a price, but a specialist ransomware negotiation firm estimated the sum could be as much as 5 million pounds," reports the BBC. "KNP didn't have that kind of money. In the end all the data was lost, and the company went under."

"Amazon stretched out its annual Prime Day sales event so that it lasted four days — twice as long as in the past — and, as a result, blew away previous sales figures," reports USA Today: Spending for [the four-day] Prime Day amounted to "more than two Black Fridays — which drove $10.8 billion in online spending during the 2024 holiday shopping season — and sets a new benchmark for the summer shopping season," Adobe said in a news release. The total also surpassed Adobe's pre-Prime Day estimate of $23.8 billion in sales.
But an article in Fortune notes that "what stood out to this longtime Amazon watcher is that the company didn't disclose anything about the number of items sold." The last time it made that choice was 2020, when nothing normal was happening anywhere in the world, and Prime Day was moved from summer to October. Before that, you have to go back to the second-ever Prime Day in 2016 to find a wrap-up that didn't provide any update on the number of "units" sold.

It's unclear exactly why Amazon decided to withhold that number for 2025, but this Prime Day was odd for a few reasons. Sellers, and brands big and small, had to come up with different strategies to contend with tariff chaos. And they're trying to woo increasingly pessimistic consumers. Those factors could be weighing on the company's decision to withhold exact numbers.
Instead Amazon's official Prime Day recap swapped in some unusual alternate statistics. For example, Amazon reported that if you added up all the discounts given to customers over the four-day event, it was larger than any previous total amount of all discounts given to customers (over the earlier two-day events). To be sure, it's possible that this Prime Day was a success. An outside analysis from Adobe estimated that sales across online retailers overall increased by more than 30% during this year's four day Prime Day period, compared to last year. And Amazon said in this year's recap that the four days of Prime Day 2025 outsold any other four-day period that included previous Prime Days. But historically, the event hasn't run longer than two days. That means that previous years have included two prime days and two regular days, while this year included four prime days. It's unclear why the company would change the basis of comparison.
Amazon "declined to comment on the absence of specific product sales tallies for 2025," according to the article (while pointing Fortune instead to an Amazon blog post with facts about past Prime Day events.)

But in a sign of the time, Amazon's announcement notes that their Prime Day customers found deals and other product information using Amazon's AI-generated buying guides, as well as an AI-powered shopping assistant named Rufus and Alexa+ — Amazon's next-generation personal assistant ("now available in Early Access to millions of customers").

Another interesting statistic? USA Today notes that "a majority of shoppers (53.2%) made purchases on mobile devices, compared to on desktop computers, accounting for $12.8 billion of the spending, according to Adobe."