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…
Boeing reported a sharp fourth-quarter rebound as commercial airplane deliveries accelerated, helping lift revenue and earnings after several years of disruptions. Revenue for the three months ended Dec. 31, 2025, rose to $23.95 billion, up from $15.24 billion a year earlier and ahead of the $22.6 billion expected by analysts surveyed by FactSet. The company said it delivered 160 commercial…
European regulators have opened a formal investigation into X, the social media platform owned by Elon Musk, after its chatbot Grok was linked to the spread of nonconsensual, sexually explicit deepfake images. The European Commission said it is assessing whether X complied with its obligations under the Digital Services Act (DSA) to identify and reduce systemic risks associated with illegal…
Citigroup is preparing for another round of job cuts expected to be announced in March, according to two sources familiar with the matter. The planned reductions would follow a recent tranche of roughly 1,000 layoffs in January 2026, the sources said. The people briefed on the plans said the next wave is likely to be disclosed after the bank completes…
U.S. regulators are considering whether Zyn, a fast-growing nicotine pouch brand owned by Philip Morris International, can be promoted with messaging that presents it as less harmful than cigarettes for adults who already smoke. The Food and Drug Administration (FDA) scheduled a public, all-day meeting for Thursday, January 22, 2026, during which an independent panel of public health experts is…
UK supermarket group Morrisons said underlying earnings were unchanged in its 2024/25 financial year, citing a jump in costs even as revenue increased. The grocer reported underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of £835 million for the year ended October 26, matching the prior year on its preferred measure. Revenue rose 3.2% to £15.8 billion, the company…
A new Fannie Mae video advertisement features what sounds like President Donald Trump delivering a message about housing access, but a disclaimer in the spot says the narration is an AI-cloned voice reading scripted text. The audio was produced with permission from the Trump administration, according to the report. The roughly one-minute ad presents an “all-new Fannie Mae” and describes…
