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…
Global cocoa markets have eased sharply from last year’s extremes, but the pullback is coming after an unusually volatile period for the commodity that underpins most chocolate. Cocoa futures had more than doubled in 2024 amid insufficient rainfall and crop disease across West Africa, which supplies more than 70% of the world’s cocoa, according to reporting and market analysis cited…
McDonald’s said its renewed emphasis on affordability helped pull customers back in the final months of 2025, delivering a stronger-than-expected quarter on both sales and earnings. Global comparable sales, measured at restaurants open at least a year, rose 5.7% in the October–December period, above Wall Street’s 3.9% expectation tracked by FactSet.In the United States, comparable sales increased 6.8%, supported by…
U.S. employers added 130,000 jobs in January, exceeding economists’ expectations even as the broader labor market has shown signs of cooling over recent months, according to the U.S. Labor Department. The unemployment rate edged down to 4.3% from 4.4% in December, supported by an increase in the number of people reporting they were employed and a decline in those counted…
The Coca-Cola Company reported stronger demand in the fourth quarter of 2025 despite higher pricing, pointing to a modest pickup in North America after several softer quarters. Global unit case volume rose 1% for the quarter, with gains led by markets including the U.S., Japan, and Brazil, according to reporting and the company’s earnings materials. In North America, Coca-Cola said…
The company that runs Eddie Bauer’s North American stores has filed for Chapter 11 bankruptcy protection, setting up a court-supervised process that could lead to a sale of the business or, failing that, a broader shutdown of its U.S. and Canadian retail operations. The filing was made in federal bankruptcy court in New Jersey, and the operator said it has…
Amazon shares fell about 11% in after-hours trading after the company outlined a sharp increase in investment spending, even as it reported strong fourth-quarter results. The Seattle-based company said it plans to increase capital spending by nearly 60% to about $200 billion in 2026, up from $128 billion a year earlier, as it targets growth opportunities in artificial intelligence, robotics,…
