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…
Warner Bros. Discovery (WBD) has announced that its board of directors will undertake a comprehensive strategic review following multiple unsolicited approaches for either the full company or its studio operations. According to the company’s disclosure, the intention is to evaluate a broad set of alternatives, including a full sale or the divestiture of specific business units. Board Signals Willingness to…
Third-Quarter Data Highlights a Weaker Expansion China’s economy grew 4.8% year-on-year in the third quarter of 2025, marking its slowest pace since late 2023 and slightly below analysts’ expectations of 5%. The figure compares with 5.2% growth in the second quarter and underscores the difficulty Beijing faces in sustaining momentum amid property market stress, subdued consumer sentiment, and ongoing trade…
France finds its public finances under severe strain as the government grapples with simultaneous political stalemate and mounting expenditures. The deadlock stems from President Emmanuel Macron’s inability to push through reforms following Parliamentary opposition, forcing the state to rely instead on emergency measures. Analysts warn that this lack of clear direction has weakened investor confidence and exacerbated pressure on the…
A recent announcement by Stellantis NV, the multinational automotive conglomerate, that it would transfer Jeep manufacturing from Ontario to Illinois has triggered a sharp response from Canadian officials. The move, confirmed earlier this month, provoked criticism from Ontario Premier Doug Ford, who accused the company of undermining Canadian jobs and urged the provincial government to consider retaliatory measures. Production Shift…
Less than a week after the federal funding lapse began on October 1, 2025, an air traffic control tower near Los Angeles declared itself nonoperational due to insufficient staffing, forcing pilots to coordinate independently during the downtime. At Hollywood Burbank Airport, the tower remained offline for nearly six hours on October 6. That incident emerged as one of the earliest…
Wall Street just wrapped up one of its most profitable quarters in recent history, driven by surging stock prices, a flood of deal making, and a global economy that continues to show resilience despite trade tensions and geopolitical uncertainty. Major U.S. banks — JPMorgan Chase, Citigroup, Wells Fargo, and Goldman Sachs — all reported stellar earnings, signaling renewed investor optimism…
