Meta says it won’t chop the bottom 5% performers this year – Business Insider

NEW YORK — Convenience chain 7-Eleven expects to close hundreds of its locations this year. According to earnings filings published last week, 7-Eleven’s North American operator plans to close 645 stores in the 2026 fiscal year — outpacing the 205 locations it forecasts it will open during that same time. Seven & i Holdings Co.,…

As millions of American families prepare to gather for Thanksgiving, they’re seeing a dose of the economic relief President Donald J. Trump is fighting to deliver. After inheriting the worst inflation crisis in 40 years from Joe Biden and Democrats, the Trump Administration’s actions to unleash American energy, slash regulations, and crush inflation are translating…

Trump on Saturday posted an image on social that seemed to suggest he would be proposing 50-year mortgages, something FHFA Director Bill Pulte confirmed shortly after on X. The image Trump posted on Truth Social features a head shot of President Franklin Delano Roosevelt under the title 30-year mortgage, and his own head shot under…

Meta released its new Muse Spark AI model on Wednesday as part of a major overhaul of its AI efforts. It’s do-or-die time for Meta — the company cannot afford investing billions of dollars again into something that doesn’t pan out, like the metaverse. Well, maybe they literally can afford it, but it’d be pretty damaging,…

Ford reported fourth-quarter and full-year 2025 earnings after the market closed. Despite beating top-line estimates, Ford’s updated EV plans took a bigger toll than expected on profits. Ford Q4 and full-year 2025 earnings preview While Ford’s total US sales rose 6% in 2025 to over 2.2 million units, electric vehicles suffered a different fate. Ford…

Washington —  Americans stepped up their spending at US retailers in February, after three consecutive months of declines, showing the US consumer hasn’t tapped out yet in the face of weak job growth and low consumer sentiment. Retail sales rose 0.6% in February from the prior month, the Commerce Department said Wednesday, up from January’s downwardly…