Meta said Thursday it would cut about 8,000 jobs, or roughly 10% of its workforce, as the company pushes further into artificial intelligence spending while trying to improve efficiency. The company said the reductions are meant to free up resources for new investments in other parts of the business. Bloomberg also reported that Meta plans to leave about 6,000 positions…
France’s state-owned utility EDF said it will cap the cost of building six new nuclear reactors at 72.8 billion euros, a sharp rise from the 51.7 billion euros referenced when the plan was announced in 2022. The ceiling is stated in 2020 values, and EDF said it intends to improve both cost discipline and construction speed as the project moves…
U.S. employers added 64,000 jobs in November, after payrolls fell by 105,000 in October, the government reported in releases that arrived late because a 43-day federal government shutdown delayed key labor-market data. The unemployment rate rose to 4.6%, the highest since 2021, up from 4.4% in September; no October unemployment rate was published because the shutdown disrupted the household survey…
The Ah Louis Store in San Luis Obispo, California, builds its holiday business on imported ornaments, décor, and small gift items. Co-owner Emily Butler said that in 2025 some merchandise arrived later than expected or landed at higher costs after President Donald Trump imposed unusually high taxes on imported goods, forcing the shop to work harder to turn browsing into…
A Los Angeles jury has awarded $40 million to two women who said their long-term use of talc-based powders sold by Johnson & Johnson contributed to their ovarian cancer, extending a legal fight that has persisted for years across U.S. courts. The verdict, returned on Friday, December 12, 2025, reflects the jury’s acceptance of the plaintiffs’ argument that the company…
Wells Fargo is extending an investment-banking hiring campaign that executives say is translating into more corporate advisory work and a rapid rise in league-table standings. The effort gained momentum after regulators lifted a punitive cap on the bank’s assets in June 2025, a restriction imposed for about seven years after the lender’s fake-accounts scandal. In an interview, Fernando Rivas, chief…
The Walt Disney Company is making a major move into generative AI with a planned investment of around $1 billion in OpenAI, alongside a multi-year licensing and technology partnership. Under the agreement, Disney will commit capital to OpenAI and receive equity and warrants that could increase its future stake in the San Francisco-based AI firm, which is currently valued in…
