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Meta Planning Sweeping Layoffs as AI Costs Mount
Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter said, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.
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EchoStar DISH's $9 Billion Default Hurts Infrastructure and Jobs, New Study Finds
A decision late last year by EchoStar's DISH Wireless to walk away from billions of dollars in long-term wireless infrastructure contracts is sending shock waves through the telecommunications industry, sparking lawsuits, raising concerns...
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Musk Ousts xAI Founders as AI Coding Effort Falters
Elon Musk has triggered a fresh wave of job cuts at his AI firm xAI, with more co-founders pushed out amid his dissatisfaction with the underperformance of the startup's coding division, The Financial Times reported Friday.
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UAW: 'Strategic' Tariffs Prompt Industry Hiring Surge
The United Auto Workers says "strategic" tariffs on imported heavy trucks are helping with new hiring and expanded production at the Detroit Diesel manufacturing complex in Michigan.
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Iran-Linked Hackers Claim Stryker Cyberattack
An Iranian-linked group says it was behind a sweeping cyberattack that crippled operations at the medical technology giant Stryker, knocking systems offline across the company's global network.
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McDonald's Launching New $3 Value Items in April
McDonald's will introduce menu items priced at $3 or less, along with $4 breakfast meal deals in the U.S., starting in April, The Wall Street Journal reported Wednesday, citing people familiar with the discussions.
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Target Cuts Prices 5%-20% on 3,000 Spring Items
Target is cutting prices on more than 3,000 products as part of a spring push aimed at helping shoppers stretch their budgets while refreshing their homes and wardrobes for the season.
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Meta to Buy Moltbook, Social Network for Bots
Meta said Wednesday it is acquiring Moltbook, a social network built exclusively for artificial intelligence agents to make posts and interact with each other.
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Russia Leads in Threats as X Drops 800M Accounts
Social media platform X reported to British lawmakers that it suspended about 800 million accounts in 2024 under its spam and platform-manipulation rules, underscoring what the company called a daily fight against state-backed influence operations and other inauthentic activity on its platform.
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Amazon Leads Bond Sale Rush With $50B Offering
Amazon has kicked off a corporate borrowing binge, launching nearly $50 billion in bond offerings and triggering the busiest day ever for U.S. corporate debt sales as companies rushed to take advantage of calmer financial markets, The Financial Times reports.
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Costco Cutting Prices on Eggs, Coffee, Household Staples
Costco is lowering prices on several everyday staples, including eggs, coffee, and household paper products, as the warehouse retailer tries to pass savings on to shoppers amid easing inflation.
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Musk's X Money to Launch Next Month
Elon Musk Tuesday said X Money, the social media platform's digital payment system, will enter early public access next month, as the billionaire pushes to transform X into an "everything app."
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AT&T Unveils $250B Investment Plan in AI Age
AT&T plans to invest more than $250 billion over ve years in the U.S. to build out its network infrastructure, the telecom services provider said Tuesday.
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Elon Musk's SpaceX Weighs Nasdaq for $1.75 Trillion IPO
Elon Musk's rocket and satellite maker SpaceX is leaning toward listing its shares on Nasdaq for what could rank as the biggest initial public offering of all time, according to four people familiar with the company's thinking.
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Lindt: Ozempic Users Eating More Chocolate, Not Less
Chocolate sales are rising faster among U.S. users of GLP-1 weight-loss drugs than in the rest of the population, Swiss chocolatier Lindt & Spruengli said Tuesday, citing data that defied forecasts the drugs would reduce confectionery demand.
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Live Nation Settles DOJ Antitrust Case for $200M
Justice Department lawyers announced Monday that they'd reached a settlement in their antitrust lawsuit against Ticketmaster and its parent company, Live Nation Entertainment, in a case that alleged an illegal monopoly over live events in America. But it remained possible ...
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GE Aerospace to Invest $1B in US Engine Production
GE Aerospace said on Monday it will invest an additional $1 billion in its U.S. manufacturing sites and supplier base this year to boost engine deliveries and ramp up parts production. The investment, which follows a $1 billion commitment from the jet engine maker last year,...
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Ford Recalls 1.74 Million of Its Cars over Rearview Camera Display Issues
Ford has issued two recalls affecting nearly 1.74 million of its cars in the U.S. because of problems with the vehicles' rearview camera displays.
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Microsoft Warns on AI-Boosted North Korea Employment Scam
Microsoft said Friday that North Korean operatives are using artificial intelligence tools, including voice-changing software and face-swapping apps, to pose as Western job candidates and win remote technology jobs.
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Google Gives CEO New Pay Deal Worth Up to $692M
The CEO of Google and its parent company Alphabet could earn up to $692 million over the next three years under a new compensation plan published Friday by the US Securities and Exchange Commission.
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WH to Press Defense Firms to Boost Production
The Trump administration plans to meet executives from the biggest U.S. defense contractors at the White House on Friday to discuss accelerating weapons production as the Pentagon works to replenish supplies drawn down by the U.S. strikes on Iran.
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US Companies Denied Refunds on Trump's Tariffs
The U.S. government has declined to refund tariffs the Supreme Court ruled illegal last month, the Financial Times reported on Friday, citing people familiar with the matter.
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Anthropic CEO Apologizes as Pentagon Acts
Anthropic CEO Dario Amodei apologized Thursday for the tone of a leaked internal memo criticizing the Trump administration, as the Pentagon formally designated the AI company a supply-chain risk.
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Costco CEO: Any Tariff Refunds Would Benefit Members
Costco CEO Ron Vachris said Thursday that while uncertainty remains around the potential recovery of tariff-related costs, he emphasized the company's commitment to passing along any financial benefit to its members if refunds are secured, The Wall Street Journal reported.
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Trump: I 'Fired' Anthropic 'Like Dogs' Over Dispute
President Donald Trump said Thursday that he "fired" artificial intelligence company Anthropic "like dogs" after the firm refused to grant the Pentagon full access to its technology, declaring the company is now "in trouble."