News Api Business

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Fed holds rates steady, signaling risks to economy are dropping - The Washington Post

The central bank opted for its first pause after three rate cuts last year, as officials wait for clearer signs that inflation is cooling.

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Futures: Meta Jumps, Microsoft Skids; Tesla CapEx To Soar - Investor's Business Daily

Fed chief Jerome Powell said rates may be on pause for longer.

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Microsoft’s Earnings Surge Is Overshadowed by Data-Center Spending - The Wall Street Journal

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Tesla profits slumped 46% last year, as it lost its crown as the top EV seller - NPR

The company announced it was ending production of its higher-end Model S and Model Y, and turning that production space over to making humanoid robots.

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Amazon announces 16,000 corporate job cuts, shaking Seattle's economy - komonews.com

Amazon has announced mass layoffs that will affect nearly one in 10 members of its corporate workforce, cutting about 16,000 jobs in a move that is already send

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Zuckerberg teases agentic commerce tools and major AI rollout in 2026 - TechCrunch

Mark Zuckerberg says 2026 will be "a big year for delivering personal super intelligence."

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Meta Platforms Stock Investors Just Got Fantastic News from CEO Mark Zuckerberg - The Motley Fool

The social media giant continues to fire on all cylinders.

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Carvana Dives After Short Seller Criticizes Ties To Lenders - Investor's Business Daily

Carvana stock fell about 20% on Wednesday after a short-seller report alleged the company's earnings depended on shaky loans.

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Tesla to invest $2B in Elon Musk’s xAI - TechCrunch

Elon Musk's AI company xAI disclosed earlier this month it had raised $20 billion.

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Bitcoin price news: BTC stuck at $89,000 as gold surges to fresh record - CoinDesk

Gold fans rushed in to buy as the Fed chair said he took no macro signal from the raging bull market in precious metals.

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OpenAI Wants To Create Biometric Social Network To Kill X’s Bot Problem - Forbes

OpenAI is quietly building a social network and considering using biometric verification like World’s eyeball scanning orb or Apple’s Face ID to ensure its users are people, not bots.

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ASML Stock Surges On Strong Sales Forecast For 2026 - Investor's Business Daily

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Home Depot to cut 800 corporate jobs, require workers back to office full time - ajc.com

Home Depot says it is eliminating about 800 corporate jobs tied to its Vinings headquarters.

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Starbucks scraps $250,000 cap on boss's use of company jet - BBC

The coffee chain changes Brian Niccol's travel budget due to media attention and "credible threat actors".

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Bank of America, JPMorgan Chase to contribute $1,000 to Trump Accounts for their employees - CBS News

Two of the biggest U.S. banks said they would match a $1,000 federal contribution for employees who open a Trump Account, touting the plan as a way to save money.

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The economy's pressure relief valve: the U.S. Dollar - Axios

The U.S. dollar index is down 3.2% since Jan. 16.

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Trump proposal signals Medicare austerity - Politico

Health insurers who thought Trump would rescue their Medicare businesses got a rude awakening Monday.

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Anthropic, Apple, OpenAI CEOs condemn ICE violence, praise Trump - TechCrunch

Anthropic's Dario Amodei and OpenAI's Sam Altman spoke out against ICE enforcement tactics following Minneapolis violence, with one addressing concerns publicly and the other in an internal message.

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UPS Is Firing Its Biggest Customer -- And Wall Street Finally Understands Why - The Motley Fool

UPS is doubling down on reducing its relationship with Amazon.

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Amazon is ending its palm ID system for retail, Amazon One, as it closes physical stores - GeekWire

Amazon is winding down its Amazon One palm recognition service as the company retreats from physical retail experiments.

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‘A betrayal’: Southwest’s new plus size policy leaves some passengers unable to fly - oregonlive.com

Some loyal customers say the airline’s new requirement that they buy an extra seat means that they can no longer fly as often or at all.