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The Department of Government Efficiency (DOGE) ends its first year with mixed results: federal employment dropped 9% from 3.015 million to 2.744 million workers, but government spending continued rising.
Dow Inc. announced 4,500 job cuts—13% of its workforce—as part of a $2 billion 'Transform to Outperform' restructuring that embraces AI and automation amid a challenging chemical industry environment.
Amazon announced 16,000 job cuts in its second round of mass layoffs in three months, part of a broader plan to eliminate 30,000 corporate roles while funneling $125 billion into AI infrastructure.
Nestlé will eliminate 16,000 jobs worldwide over two years, including 12,000 white-collar positions, as new CEO Philipp Navratil races to cut costs through automation and shared services.
Amazon announces 16,000 job cuts, Meta slashes Reality Labs by 10%, and Pinterest restructures 15% of workforce as tech giants pivot resources toward AI development.
Norfolk Southern reports Q4 earnings amid softer demand, achieving $2.2 billion in free cash flow and the company's best injury and accident rates in more than a decade.
SoFi reports record Q4 revenue and $10.5 billion in loan originations while launching SoFi USD, making it the first nationally chartered bank to issue a stablecoin on a public blockchain.
IBM shares jump 8% after Q4 earnings crush estimates. Generative AI book of business doubles to $12 billion as software transformation accelerates.
President Trump is expected to nominate former Fed Governor Kevin Warsh as the next Federal Reserve Chair. Here's what investors and savers need to know about the transition.
Eli Lilly's orforglipron and Novo Nordisk's oral semaglutide are poised for FDA approval in 2026, potentially bringing GLP-1 weight loss treatment to millions who avoid injections.
Carvana shares crater after Gotham City Research accuses the online used car retailer of overstating earnings by more than $1 billion through accounting manipulation.
Intel CFO says the chipmaker won't rush capacity expansion for its foundry business despite AI boom, requiring customer commitments before major investments.