Amazon announced it will cut 16,000 corporate jobs, marking the second major reduction in less than six months as the company restructures after pandemic-era hiring surges. Executive Beth Galetti said the layoffs aim to reduce bureaucracy, increase ownership, and streamline management layers, while stressing that large, recurring cuts are not planned. The move follows October 2025 layoffs of 14,000 employees and comes amid CEO Andy … Continue reading Amazon to lay off 16,000 employees after grocery shakeup

Deutsche Bank’s offices in Frankfurt and Berlin were raided by German authorities as part of an investigation into possible money laundering involving the bank’s business relationships with certain foreign companies. The Office of the Federal Prosecutor said the probe targets “unknown individuals and employees” and focuses on potential violations of anti-money laundering reporting obligations. Deutsche Bank confirmed the searches but provided no further details on … Continue reading Deutsche Bank raided in money laundering probe

Tesla reported stronger-than-expected fourth-quarter results, with adjusted earnings of 50 cents per share and $24.9 billion in revenue, though annual revenue fell 3% to $94.8 billion—the first yearly decline in company history. Vehicle sales were weak, with the auto segment dropping 11% in Q4 due to lower deliveries, aging models, and reduced regulatory credit revenue, prompting plans to end production of the Model S and … Continue reading Tesla tops estimates for quarter

Anthropic CEO Dario Amodei warned that AI will cause “unusually painful” disruption to the job market, predicting last year that it could eliminate half of all white-collar jobs. In a 20,000-word essay, he argued that AI poses unprecedented risks, including autonomous unpredictability, misuse by bad actors, and the potential for global authoritarian control. Amodei said the labor market will face shocks far broader and faster … Continue reading Anthropic CEO Dario Amodei warns AI may cause ‘unusually painful’ disruption to jobs

U.S. consumer confidence fell to its lowest level since 2014 in January, dropping 9.7 points to 84.5, below pandemic-era lows. Concerns about the labor market and the overall economic outlook drove the decline, with all five components of the index deteriorating. The present situation index, reflecting current business and employment conditions, fell to 113.7, while the expectations index, which gauges short-term outlook for income and … Continue reading Consumer confidence plunges to 12-year low

UPS announced it plans to cut up to 30,000 operational roles in 2026 as part of its ongoing transformation strategy, with reductions occurring through attrition and a voluntary separation program for drivers. The company’s transformation, launched in June 2025, aims to optimize its U.S. network, boost productivity, and implement additional automation, marking the largest network reconfiguration in UPS history. Last year, UPS cut 48,000 jobs, … Continue reading UPS to cut 30,000 more jobs amid turnaround plan

Gold surged past $5,000 an ounce, exceeding Wall Street expectations, while silver briefly climbed above $115, marking a rapid rally in precious metals. The gains reflect a “debasement trade,” as investors seek protection against rising government debt and potential erosion of purchasing power. Platinum and copper also hit new highs, with platinum up over 40% this year and copper breaking above $13,000 per ton. Analysts … Continue reading Gold tops $5,000, silver soars

The U.S. dollar slid to its weakest level in nearly four years, with the Bloomberg Dollar Spot Index dropping as much as 0.4%, pressured by a surging yen and investor concerns over U.S. policy. Long-term structural factors, including political polarization, fiscal deficits, and doubts about Federal Reserve independence, are weighing on confidence in the greenback. The yen strengthened to 153.03 per dollar, fueling speculation of … Continue reading Dollar Sinks to Lowest Level in Four Years 

On Tuesday, the 10-year Treasury yield edged up to 4.227% as investors awaited economic data and the Federal Reserve’s upcoming rate decision. The 2-year yield dipped slightly to 3.591%, while the 30-year yield rose to 4.823%. Traders expect the Fed to keep rates unchanged at 3.5%–3.75% but will watch the press conference for hints on future policy, with markets anticipating possible cuts by the end … Continue reading 10-year Treasury yield nudges higher as investors await Fed decision

Amazon is closing its Amazon Fresh grocery stores and Amazon Go automated markets, two key parts of its physical retail strategy. Some locations will be converted into Whole Foods Market stores. Amazon cited the challenge of creating a distinctive customer experience with a sustainable economic model for large-scale expansion. This move continues Amazon’s retreat from brick-and-mortar retail, following past closures of bookstores, 4-Star stores, electronics … Continue reading Amazon to Shut Down All Amazon Go and Amazon Fresh Stores

Toyota is recalling about 162,000 pickup trucks in the U.S. due to a safety issue with their multimedia displays. The recall affects 2024-2025 Tundra and Tundra Hybrid models. The screens may freeze on a camera view or go completely dark, preventing drivers from seeing the backup camera feed when reversing. Toyota says this problem could violate federal safety standards, ABC News has reported. Affected owners … Continue reading Toyota recalls 162,000 trucks over faulty screens

Spring & Mulberry has expanded its recall of chocolate bars due to potential Salmonella contamination, which can cause serious or fatal infections. The recall now includes additional flavors such as Earl Grey, Lavender Rose, Mango Chili, Mint Leaf, Mixed Berry, Mulberry Fennel, Pecan Date, and Pure Dark Minis sold since September 15, 2025. The affected products were distributed online and through select retailers and can … Continue reading Chocolate bar recall expands amid risk of ‘fatal infections’

Gold prices climbed past $5,000 an ounce on Monday, setting a fresh all‑time record as investors flocked to safe-haven assets amid rising geopolitical tensions and global fiscal uncertainties. Spot gold and U.S. futures both rose more than 1%, extending a historic rally driven by market fears and demand for protection. The surge is linked to geopolitical flashpoints—from disputes over Greenland to other international pressures—that have … Continue reading Gold surges past $5,000 as investors seek shelter from global risks

Elon Musk announced that Tesla plans to sell its Optimus humanoid robots to the public by the end of 2027. He said the robots are already performing simple tasks in Tesla factories and expect to handle more complex industrial work later this year. Musk emphasized that the robots will be highly reliable, safe, and versatile, capable of tasks like child or elder care. He cautioned … Continue reading Elon Musk: Tesla will sell humanoid robots by end of 2027

General Motors announced it will move production of the Buick Envision’s successor from China to its Kansas City plant for U.S. sales starting in 2028. The shift reflects GM’s push to expand domestic manufacturing amid tariffs on imported vehicles and pressure from President Trump. Production for markets outside the U.S. may remain in China. GM said the move strengthens its U.S. footprint and supports jobs, … Continue reading General Motors to move Buick Envision SUV production from China to U.S.

Gold prices surged toward $5,000 an ounce and silver climbed above $100 as investors piled into what analysts call the “debasement trade.” Precious metals are headed for their strongest week since 2020, driven by a weaker dollar, expectations of Federal Reserve easing, large U.S. deficits, and growing unease about government debt. Silver has outpaced gold with a 29% gain this year, boosted by strong industrial … Continue reading Gold tracks best week since 2020, silver breaches $100 in stunning rally

Intel shares plunged 17% after the company issued weak guidance and warned it could not meet full demand due to supply constraints and lower-than-target production efficiency. CEO Lip-Bu Tan said the turnaround will take years, as Intel forecast first-quarter revenue and earnings below Wall Street expectations. The stock suffered its worst single-day drop since August 2024 despite beating fourth-quarter earnings and revenue estimates. Investors were … Continue reading Intel stock drops 17%, its worst day since 2024

Japan is preparing to restart the world’s largest nuclear power plant, Kashiwazaki-Kariwa, more than a decade after the 2011 Fukushima disaster forced a nationwide reactor shutdown. Tokyo Electric Power Co. (TEPCO) plans to bring one of the plant’s seven reactors online Wednesday, with full operations eventually generating 8.2 gigawatts of electricity. The move reflects Japan’s shift back to nuclear power to improve energy security and … Continue reading Japan to restart world’s biggest nuclear plant after 15-year shutdown

U.S. stocks surged Wednesday after President Trump announced that the U.S. and NATO had “formed the framework of a future deal” on Greenland and called off threatened tariffs on European nations. The Dow Jones jumped about 1.2% (550+ points), while the Nasdaq and S&P 500 each gained roughly 1.2%, pushing the S&P back into positive territory for the year. Trump’s announcement followed a calmer tone … Continue reading Dow surges 550 points, S&P 500, Nasdaq

OpenAI’s annualized revenue surpassed $20 billion in 2025, up from $6 billion in 2024, driven by a tripling of computing capacity to 1.9 gigawatts, CFO Sarah Friar said. The company’s weekly and daily active users continue to hit record highs, and it recently began showing ads in ChatGPT to boost revenue. OpenAI plans to release its first device in the second half of 2026, according … Continue reading OpenAI CFO says annualized revenue crosses $20 billion in 2025

Suzanna’s Kitchen, a Georgia-based food company, has recalled about 13,720 pounds of ready-to-eat grilled chicken breast fillets over potential Listeria contamination. The products, produced on October 14, 2025, were sold in seven states—Alabama, Florida, Georgia, Missouri, New Hampshire, North Carolina, and Ohio—in 10-pound cases containing two 5-pound bags. The recall was prompted by a third-party lab detecting Listeria monocytogenes, though no illnesses have been reported … Continue reading Chicken sold in 7 states recalled for potential listeria contamination

Five years after its $52 billion merger forming Stellantis, the automaker’s performance has disappointed investors, with U.S. shares down about 43% and Italian-listed shares off roughly 40%. The company, created from Fiat Chrysler and PSA, initially saw stock gains of up to 74% in March 2024, but weak financial results and costly electric vehicle investments hurt momentum. New CEO Antonio Filosa, who succeeded Carlos Tavares … Continue reading Stellantis stock off 43% as Jeep maker turns five, executes turnaround

Mortgage rates fell for the second straight week, with the average 30-year fixed mortgage dropping to 6.06%, the lowest level in more than three years, according to Freddie Mac. The decline has already boosted purchase and refinance activity, signaling improving housing momentum ahead of the spring buying season. The drop follows President Trump’s order for federal housing regulators to purchase $200 billion in Freddie Mac … Continue reading Mortgage rates fall to lowest level since 2022

President Trump has proposed banning large institutional investors from buying single-family homes in an effort to ease housing shortages and improve affordability for first-time buyers. While he argues that removing private equity firms would open up the market, experts say the actual impact may be limited. A 2024 Government Accountability Office report found institutional investors may have raised prices and rents but said their effect … Continue reading Trump wants to ban Wall Street investments in single-family homes

Shares of Novo Nordisk rose more than 5% after early data showed a strong initial U.S. launch for its new GLP-1 weight-loss pill, Wegovy. Analysts described the early prescription numbers as a “solid start,” with estimates ranging from about 3,100 to more than 4,000 prescriptions filled in the first full week. The early momentum boosts Novo Nordisk’s efforts to regain market share from rival Eli … Continue reading Novo Nordisk shares rise 5% after Wegovy obesity pill has ‘solid’ launch