Business

Business CEO Ted Decker informed employees about the workforce reduction and new in-office policy Wednesday. Home Depot announced corporate job cuts and a new in-office work policy Wednesday. (Natrice Miller/AJC) link copied *]:pointer-events-none [&.is-paywalled>*]:blur-[7px] ” data-start=”0″ data-end=”2″ data-size=”2″ readability=”8″> Home Depot says it is eliminating about 800 corporate jobs, most of which are fully remote…

Three weeks ago, Elon Musk’s AI company, xAI, revealed it raised $20 billion in a Series E funding round. Now we know Tesla is among its investors. Tesla disclosed in a letter to shareholders on Wednesday that it invested $2 billion in xAI, the startup behind the Grok chatbot that also owns Musk’s social media…

The social media giant continues to fire on all cylinders. While many companies are looking for ways to profit from artificial intelligence (AI), Meta Platforms (META +10.71%) has flipped the narrative on its head. The company has long used sophisticated algorithms to surface relevant content and direct targeted advertising to users of its social media…

SEATTLE — Amazon has announced mass layoffs that will affect nearly one in 10 members of its corporate workforce, cutting about 16,000 jobs in a move that is already sending ripples through the regional economy. RELATED | Amazon to cut about 16,000 corporate jobs in latest round of layoffs The reductions come just three months…

Mark Zuckerberg says Meta users will start to see new AI models and products from the company in a matter of months. “In 2025, we rebuilt the foundations of our AI program,” Zuckerberg said on an investor call Wednesday, referring to the company’s recently restructured AI lab. “Over the coming months, we’re going to start…

Tesla’s profit fell 46% in 2025 compared to the prior year, as CEO Elon Musk assumed a role in the Trump administration and federal electric vehicle subsidies were killed off by Congress, causing sales to plummet. The electric vehicle company reported Wednesday that it recorded just $3.8 billion in profit across 2025, its lowest tally…

@font-face{font-family: “Schnyder”; src: url(“https://i.forbesimg.com/assets/fonts/schnyders/schnyders-bold-webfont.woff2”) format(“woff2”), url(“https://i.forbesimg.com/assets/fonts/schnyders/schnyders/schnyders-bold-webfont.woff”) format(“woff”); font-weight: 700; font-style: normal;} @font-face{font-family: “Merriweather”; src: url(“https://i.forbesimg.com/assets/fonts/merriweather/merriweather-bold-webfont.woff2”) format(“woff2”), url(“https://i.forbesimg.com/assets/fonts/merriweather/merriweather-bold-webfont.woff”) format(“woff”); font-weight: 700; font-style: normal;} @font-face{font-family: “Graphik”; src: url(“https://i.forbesimg.com/assets/fonts/graphik/graphik-bold.woff2”) format(“woff2”), url(“https://i.forbesimg.com/assets/fonts/graphik/graphik-bold.woff”) format(“woff”); font-weight: 700; font-style: normal;} @font-face{font-family: “Schnyder”; src: url(“https://i.forbesimg.com/assets/fonts/schnyders/schnyders-light-webfont.woff2”) format(“woff2”), url(“https://i.forbesimg.com/assets/fonts/schnyders/schnyders-light-webfont.woff”) format(“woff”); font-weight: 400; font-style: normal;} @font-face{font-family: “Merriweather”; src: url(“https://i.forbesimg.com/assets/fonts/merriweather/merriweather-regular-webfont.woff2”) format(“woff2”), url(“https://i.forbesimg.com/assets/fonts/merriweather/merriweather-regular-webfont.woff”) format(“woff”); font-weight: 400; font-style: normal;}…

The bull market in gold ratcheted into a higher gear on Wednesday, with the yellow metal soaring 6% to above $5,400 per ounce for the first time. Silver and platinum posted even larger percentage gains, but gold, with a market capitalization somewhere in the $40 trillion area, was surely the standout asset. STORY CONTINUES BELOW…

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla Model X at a Tesla delivery center in Marina Del Rey, California, US, on Friday, Jan. 13, 2023. Eric Thayer | Bloomberg | Getty Images Tesla CEO Elon Musk said on Wednesday that the automaker is ending production of its Model S and…

Traders work on the floor of the New York Stock Exchange (NYSE) on Jan. 28, 2026 in New York City. Spencer Platt | Getty Images The S&P 500 fell on Thursday, bogged down by Microsoft, as traders reacted to the megacap technology company’s latest earnings results as well as the Federal Reserve interest rate decision….

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. January 28, 2026 Federal Reserve issues FOMC statement For release at 2:00 p.m. EST Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate…

Starbucks is spending $500mn this year to add staff, especially during peak hours when delays frustrated some customers © Jeffrey Greenberg/UIG/Getty Images Starbucks has reported a return to sales growth in its US home market, even as heavy spending to add baristas at cafés weighs on profits. The world’s largest coffee shop chain on Wednesday…

The US currency rebounded on Wednesday after US Treasury secretary Scott Bessent said Washington was still pursuing a “strong dollar policy” and was not planning an intervention to boost the Japanese yen. The dollar jumped as much as 0.9 per cent against the euro and 1 per cent against the yen after Bessent said in…

Overnight rate unchanged at 2.25% BOC says The outlook for the global and Canadian economies is little changed vs Oct forecast the Bank expects inflation to stay close to the 2% target over the projection period Prior statement said “current policy rate at about the right level” and the new one says “Governing Council judges…

NEW YORK (AP) — As layoffs pile up, workers are feeling increasingly anxious about the job market. In the U.S., economists have said that businesses are largely at a “no-hire, no fire” standstill, leading many to limit new work, if not pause openings entirely amid economic uncertainty. Hiring has stagnated overall — with the country…

Autonomous vehicle startup Waabi has raised $1 billion and struck a partnership with Uber to deploy self-driving cars on the ride-hailing platform — the company’s first expansion beyond autonomous trucking. The funding consists of an oversubscribed $750 million Series C round co-led by Khosla Ventures and G2 Venture Partners and roughly $250 million in milestone-based…

In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT People walk onto an escalator under a Starbucks coffee sign in Manhattan on Dec. 2, 2025 in New York City. Spencer Platt | Getty Images Starbucks on Wednesday reported mixed quarterly results as the company’s turnaround propels traffic growth for the first time in two…

In this article .BBKA Follow your favorite stocksCREATE FREE ACCOUNT German police searched Deutsche Bank offices in Frankfurt and in Berlin on Wednesday morning, as part of an investigation into money laundering. Shares in the German lender were last seen down about 2.7% following news of the probe, which was first reported by Spiegel. “We…

For 2027, Berlin is predicting 1.3% growth, compared with its October forecast of 1.4% © John MacDougall/AFP/Getty Images The German government has cut its GDP forecasts for the next two years as Europe’s largest economy struggles to rebound from a prolonged period without real growth. In its latest economic outlook published on Wednesday, the Federal…

On a Monday night NBC News segment, Anthropic CEO Dario Amodei expressed concern over “some of the things we’ve seen in the last few days,” referring to the violence of Border Patrol agents in Minneapolis. Amodei focused on the importance of preserving democracy at home, both on NBC and in a post on X that…

In this article JPM BAC Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks at the US Chamber of Commerce in Washington, Jan. 15, 2026. Luke Johnson | Bloomberg | Getty Images JPMorgan Chase, Bank of America and Wells Fargo said Wednesday in separate releases that the…

Big Tech workers once thought their résumés were bulletproof. Not in this job market. Exclusive An Amazon worker used an AI tool to flag which roles were on the chopping block Exclusive Amazon execs say layoffs are part of turning the company into the ‘world’s largest startup,’ internal memos show Exclusive Internal Amazon FAQ spells…

The Federal Reserve held interest rates steady Wednesday, taking a measured, wait-and-see approach to the economy. Sometimes doing nothing is an act of defiance. President Donald Trump has put the Fed and its chairman, Jerome Powell, under intense pressure to lower borrowing costs, despite concerns about inflation. By refusing to cut rates, the central bank’s…

In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon said Wednesday it plans to eliminate about 16,000 corporate jobs, marking its second round of mass job cuts since last October. In a blog post, the company wrote that the layoffs were part of an ongoing effort to “strengthen our organization by reducing layers,…

Julia Carreon, a former Citigroup managing director, alleged the bank sought to force her out following ‘unrelenting and egregious sexual harassment’ © Catalin Abagiu/FT Citigroup sued a former executive on Tuesday who alleged in her own lawsuit a day earlier that she was harassed by wealth chief Andy Sieg, seeking to force the matter into…

A federal judge ruled on Tuesday that construction can resume on Vineyard Wind, a large and nearly complete offshore wind farm near Massachusetts. Work on the project was suspended in late December, when the Trump administration said it posed a national security risk. Four other wind projects were also halted at that time. The order…

NEW YORK (AP) — Drugs that treat Type 2 diabetes, HIV and arthritis are among 15 new medications chosen for a Medicare drug price negotiation program that allows the federal government to haggle directly with drug manufacturers, the Trump administration said Tuesday. The drugs selected include some of the medications on which Medicare spends the…

Amazon is reportedly preparing to cut up to 14,000 jobs, many of which could be in Washington state, as part of a broader workforce reduction, according to Reuters. The announcement follows a previous layoff round last year, which saw thousands of positions cut from the company. Washington State’s Employment Security Department listed Amazon on its…

​ByteDance, TikTok’s Chinese parent company, recently established a separate American entity to run the app’s U.S. operations. This restructuring aims to separate U.S. TikTok from its Chinese parent, addressing concerns about data privacy and foreign control. The move came after years of pressure from lawmakers, who feared the Chinese government’s potential access to Americans’ data….

BOSTON (AP) — A federal judge said Tuesday that a nearly completed Massachusetts offshore wind project can continue, as the industry successfully challenges the Trump administration in court. At U.S. District Court in Boston, Judge Brian Murphy halted the administration’s stop work order for Vineyard Wind, citing the potential economic losses from the delays and…

Big tech companies and data center operators are suddenly concerned about their image amid the AI boom. Big tech companies and data center operators are suddenly concerned about their image amid the AI boom. Jan 27, 2026, 11:53 PM UTC Stevie Bonifield is a news writer covering all things consumer tech. Stevie started out at…

American Airlines led the world in cancellations on Saturday, Sunday, Monday and today so far. In total, they’ve cancelled about 9,000 total flights. That’s more than Delta cancelled in summer 2024 after the CrowdStrike outage. It’s not yet as many as Southwest cancelled across the 2022 December holiday period, but American isn’t done yet. Today…