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News & Articles By Chase Codewell
05/25/2026
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By Chase Codewell
DOT Launches Motus Registration System to Combat Trucking Fraud
The U.S. Department of Transportation (DOT) on May 19 announced the rollout of a new registration system for truckers, motor coach operators, and other motor carriers, aimed at combating fraud in the trucking industry, according to a DOT statement. The system, called Motus: the U.S. DOT Registration System, replaces what the department described as a […]
05/07/2026
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By Chase Codewell
Coinbase Reduces Workforce by 14% as CEO Cites Crypto Market Conditions and AI Adoption
Coinbase Global Inc. announced on Tuesday, May 5, a 14% reduction in its workforce, affecting approximately 700 employees, as part of a restructuring to reposition the cryptocurrency exchange amid a down market and accelerating adoption of artificial intelligence (AI). CEO Brian Armstrong communicated the decision in an internal email that was also posted to X, […]
04/19/2026
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By Chase Codewell
Meta Plans 8,000 Job Cuts in May, With Further Layoffs Expected Later This Year
Introduction Meta Platforms Inc. plans to reduce its global workforce by approximately 10%, eliminating nearly 8,000 jobs, with the first wave of layoffs set for May 20, according to a report from Reuters on Friday, April 17, 2026. [1] The company’s stock rose nearly 2% following the report. Further workforce reductions are expected in the second half […]
03/11/2026
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By Chase Codewell
Oracle, OpenAI Scrap Texas Data Center Expansion Plan, AI Stocks Decline
Introduction Oracle Corp. and OpenAI have abandoned plans to expand a flagship artificial intelligence data center in Abilene, Texas, according to a Bloomberg News report published on March 6, 2026. Sources familiar with the matter said negotiations to scale the facility, known as the Stargate project, stalled over financing issues and OpenAI’s changing demand forecasts. […]
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