GM Cuts IT Jobs As AI Reshapes Workforce
Layoffs Hit Technology Teams General Motors laid off about 500 to 600 employees on Monday, largely affecting information technology roles in Austin, Texas, and Warren, Michigan. The cuts come as the Detroit
Disney Rises As New CEO Outlines Strategy
D’Amaro Sets A Clear Direction Walt Disney shares rose nearly 8% in early trading after new chief executive Josh D’Amaro outlined his strategy for the entertainment group. Speaking on his first earnings
Spirit Shutdown Empties LaGuardia Terminal
A Sudden Collapse Hits Terminal A The abrupt shutdown of Spirit Airlines has left LaGuardia Airport’s Marine Air Terminal nearly deserted, turning one of New York’s most historic aviation spaces into a
Amazon makes a major move in the satellite race
Amazon is making a far more aggressive push into space-based communications with its planned acquisition of Globalstar, a deal that would strengthen its position in one of the most strategically important technology
Goldman treats Anthropic’s Mythos as a real cyber threat
Goldman Sachs is signaling that the newest generation of artificial intelligence models is no longer just a technology story or a productivity story. It is now a live cybersecurity issue for the
Trump’s Drug Tariffs Reshape Pharma Pressure
President Donald Trump has moved to intensify pressure on the pharmaceutical industry by ordering 100% tariffs on branded drugs imported into the United States unless manufacturers either agree to government drug pricing
McCormick Strikes $45 Billion Unilever Foods Deal
McCormick has agreed to buy most of Unilever’s food business in a transaction that values the unit at nearly $45 billion, marking one of the biggest reshaping moves in the packaged food
JetBlue Raises Bag Fees as Fuel Costs Jump
JetBlue Airways is increasing checked baggage fees as fuel prices surge in the wake of the war involving Iran, adding another sign that higher energy costs are beginning to reach U.S. travelers
Netflix Lifts Prices Across All Plans
Streaming leader raises monthly rates again Netflix has increased prices across its U.S. subscription lineup, pushing monthly costs higher for every main plan as the company leans on pricing power to support
Meta layoffs clash with massive exec pay plan
Job cuts and billion-dollar incentives highlight a company in transition toward artificial intelligence Meta has entered another turbulent phase, cutting hundreds of jobs while simultaneously unveiling an executive compensation plan that could
Meta faces legal blows as pressure builds
Two courtroom defeats deepen scrutiny of the company’s platforms just as investors question its AI strategy Meta has taken two highly visible legal hits in the same week, a combination that sharpens
Amex adds ChatGPT credit to business cards
New perk could be useful, but only for firms already paying for AI tools American Express is adding a new benefit that may actually feel practical for some business cardholders: a 300-dollar
UBS struggles to steady its US wealth business
Asset outflows and adviser losses cloud a key turnaround effort UBS is running into growing resistance in its effort to rebuild its US wealth management franchise, as client assets leave the platform