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…
Asian stocks were mostly lower on Tuesday, while U.S. stock futures were little changed, as investors headed into the last sessions of 2025 with activity constrained by year-end holidays. With two trading days left before the year closes for many markets, trading volumes have been muted, and relatively small flows have had an outsized impact on prices. Most major exchanges…
Silver and gold futures fell steeply on Monday after the Chicago Mercantile Exchange (CME) increased the amount of collateral traders must post to hold positions in several precious-metals contracts. In early trading, silver futures sank about 8%, while gold futures slid roughly 5%, reversing part of a powerful year-end rally that had pushed both metals to fresh highs. The move…
When New York City introduced the MetroCard in 1994, the swipeable plastic card replaced subway tokens and became a staple of daily commuting. More than three decades later, the card and its magnetic strip are being phased out as the transit system completes a shift to OMNY, the contactless fare platform introduced in 2019. The Metropolitan Transportation Authority (MTA) says…
U.S. regulators have approved a once-daily tablet form of Wegovy, making it the first oral medication cleared in the United States specifically to treat obesity. The decision from the U.S. Food and Drug Administration gives Novo Nordisk a head start over Eli Lilly and Co., whose obesity pill candidate orforglipron is still under FDA review. Clinicians say an oral option…
Beauty inspiration is increasingly coming from screens, not salespeople. Quinn Kelsey, a 38-year-old shopper in Denver, said she watches TikTok for ideas, then uses an AI chatbot to filter options by budget and preview shades before she buys, often through Amazon. “I use ChatGPT as my personal beauty consultant,” she said, arguing that department stores rarely match the at-home research…
Sony Group Corp. has agreed to purchase additional rights to the iconic Peanuts comic strip franchise in a move that significantly expands its control over the beloved characters created by Charles M. Schulz. The Japanese conglomerate announced a definitive agreement to acquire a 41 percent stake in Peanuts Holdings LLC from Canadian entertainment company WildBrain Ltd. for $457 million USD,…
