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…
StubHub, one of the world’s largest secondary ticket marketplaces, has officially launched its initial public offering (IPO), pricing shares at $23.50 each. The stock began trading on the New York Stock Exchange under the ticker symbol “STUB.” Through the sale of just over 34 million shares, the company raised close to $800 million, setting its total market capitalization at approximately…
Nearly 200 shipping companies, representing both private and public stakeholders, are urging global maritime authorities to approve new measures that would, for the first time, introduce a global fee on greenhouse gas emissions. The proposal comes from the Getting to Zero Coalition, a broad alliance of companies, governments, and intergovernmental organizations seeking to accelerate the industry’s decarbonization. Industry Pushes For…
The late Giorgio Armani, who died on September 4, 2025, at the age of 91, left behind a carefully structured plan for the future of his fashion house. Widely regarded as one of the most influential designers of the modern era, Armani had long prepared for the eventual transfer of his empire, ensuring both family members and trusted collaborators were…
The European Central Bank (ECB) opted to leave its key deposit rate unchanged at 2.00% during its latest policy meeting in Frankfurt, highlighting that inflationary pressures have eased and the broader economy remains relatively resilient. ECB President Christine Lagarde remarked that “monetary policy is in a good place” and stressed that future decisions will follow a “meeting-by-meeting” approach, underscoring the…
Federal Court Blocks Dismissal A federal court has ruled that Federal Reserve Governor Lisa Cook can remain in her post while she challenges President Donald Trump’s attempt to remove her. U.S. District Judge Jia Cobb, appointed by President Joe Biden, granted a preliminary injunction, saying the administration’s arguments for dismissal failed to establish valid grounds. Under the Federal Reserve Act,…
In Southern California, Home Depot parking lots—long known as informal gathering points for day laborers—have become the focus of stepped-up immigration enforcement operations. At the Van Nuys branch, which spans about 108,000 square feet, federal agents have carried out raids at least five times since June, according to worker accounts and advocates. In response, laborers have devised makeshift early warning…
