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…
Walmart said Friday that its longtime chief executive Doug McMillon, 59, will retire at the end of January after more than a decade leading the world’s largest retailer. His role as CEO will end on Jan. 31, 2026, and he will stay on the board for a period to support the handover. John Furner, 51, currently president and CEO of…
President Donald Trump on Wednesday night signed a government funding bill that ends a record 43-day shutdown, reopening federal agencies that had been partially closed since October 1. The lapse in funding, the longest in U.S. history and longer than the 35-day partial shutdown of 2018–2019, halted basic federal services and left hundreds of thousands of federal employees either working…
The U.S. Senate approved legislation to reopen the federal government, pushing a negotiated deal to the House of Representatives for final action. The measure is a short-term stopgap that would extend funding through Jan. 30 and is intended to end the current shutdown once the House returns to Washington to vote. Senate leaders said the chamber’s passage brings the standoff…
Japanese conglomerate SoftBank Group Corp. announced on Tuesday that it has sold its entire stake in Nvidia Corporation, raising approximately US $5.8 billion. The stake sale, executed in October, marks a deliberate move by SoftBank to reallocate capital toward its deepening commitments in artificial intelligence. The company reported that for the six-month period ending September, net profit soared to about…
Preliminary testing by California health authorities detected bacteria capable of producing botulism toxin in ByHeart Whole Nutrition Infant Formula, triggering a voluntary recall of two product lots. The affected codes are 206VABP/251261P2 and 206VABP/251131P2, each labeled “Use by 01 Dec 2026.” The U.S. Food and Drug Administration (FDA) has advised parents and caregivers to stop using cans from these lots,…
Honda Motor Co. reported a steep deterioration in earnings for the first fiscal half through September 2025, underscoring how trade frictions and currency swings have cut into margins despite resilient demand in parts of the business. Net profit fell 37% to ¥311.8 billion (about US$2.0 billion) from ¥494.6 billion a year earlier, while revenue slipped 1.5% to ¥10.6 trillion from…
