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…
U.S. motorists saw a sudden jump in fuel costs as oil markets reacted to the widening Iran war and fresh disruption risks in the Persian Gulf. The national average price for regular gasoline rose 11 cents overnight to about $3.11 per gallon, according to AAA, as drivers in multiple states rushed to fill up amid fears of shortages and further…
Paramount Skydance Corporation has gained a decisive advantage in the months‑long battle to acquire Warner Bros. Discovery (WBD) after Netflix withdrew its competing offer this week, effectively repositioning Paramount as the likely buyer of the iconic Hollywood studio and its related media assets. The development marks a critical shift in one of the most closely watched corporate contests in the…
Nvidia reported another blowout quarter, extending a run of results that has helped make the chipmaker a key barometer for investor confidence in the artificial intelligence boom. For the fiscal fourth quarter ended Jan. 25, 2026, the Santa Clara, California-based company said revenue rose to $68.1 billion, up 20% from the prior quarter and up 73% from a year earlier. …
The U.S. Supreme Court has announced that it will hear a significant legal challenge brought by major oil and gas companies seeking to block climate change-related lawsuits filed by state and local governments across the country. The case, arising from Boulder, Colorado, involves claims that fossil fuel firms misled the public about the environmental impact of their products and seeks…
Warner Bros. Discovery said it will briefly reopen discussions with Paramount Skydance after receiving a seven-day waiver from Netflix under the terms of Warner’s existing merger agreement. The waiver is intended to let Warner’s board address what it described as unresolved shortcomings in Paramount Skydance’s earlier proposals and to determine whether a revised offer can be clarified and made actionable…
Wendy’s said it will shut several hundred restaurants in the United States as it tries to reverse a sharper-than-expected sales decline. The company reported that global same-store sales at locations open at least a year fell 10% in the October–December quarter, a steeper decline than the 8.5% decline analysts surveyed by FactSet expected. U.S. same-store sales fell further in the…
