Sign In
Free Newsletter
US Federal Trade Commission warns law firms about DEI hiring
Jan 30 (Reuters) – The U.S. Federal Trade Commission said on Friday it had written to 42 law firms warning them about diversity, equity, and inclusion hiring, which it described as potentially unfair and anticompetitive. President Donald Trump’s administration has eliminated DEI-related programs in the government. Se[...]
Tesla climbs as SpaceX merger talks fuel Musk empire consolidation hopes
Jan 30 (Reuters) – Shares of Tesla jumped nearly 5% on Friday after reports that SpaceX was in deal talks with Elon Musk’s other companies stoked investor hopes that the billionaire’s tech empire could be unified further. SpaceX is in discussions to merge with Musk’s AI startup, xAI, ahead of a blockbuste[...]
Trump calls rate questions on Fed nominee Warsh inappropriate, confident on cuts
Trump said it would be inappropriate to press Fed chair nominee Kevin Warsh on rate cuts but said he favors lower borrowing costs.
US weekly jobless claims fall; trade deficit widens by the most in nearly 34 years
U.S. jobless claims fell last week, signaling low layoffs, though weak hiring is fueling concern about the labor market.
Dow to cut 4,500 jobs, forecasts weak revenue amid sluggish demand
Dow plans to cut 4,500 jobs as part of a restructuring aimed at boosting profitability amid weak global demand.
El Salvador signs trade agreement with US
El Salvador has signed a new trade agreement with the U.S., expanding market access and addressing non-tariff trade barriers.
Fed leaves rates unchanged, sees ‘elevated’ inflation and stabilizing job market
The Federal Reserve held interest rates at 3.50%–3.75%, citing elevated inflation and steady growth, with little guidance on future cuts.
SpaceX weighs June 2026 IPO at $1.5 trillion valuation, FT says
Elon Musk’s SpaceX is weighing a mid-June IPO that could raise up to $50 billion, valuing the rocket company at $1.5 trillion.
UPS to reduce workforce by 30,000 jobs, close 24 facilities in 2026
UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as revenue falls and the company accelerates automation.
Amazon to close Fresh, Go stores, expand Whole Foods
Amazon will close Amazon Fresh and Go stores, convert some to Whole Foods, and accelerate grocery delivery expansion.
Northrop Grumman posts higher quarterly profit as geopolitical uncertainty fuels demand
Northrop Grumman posted higher Q4 profit and revenue on strong aeronautics sales but issued a 2026 outlook below estimates.
One-time EV adjustments drag GM to net earnings loss for Q4 2025
General Motors reported a net loss in its fourth quarter 2025 earnings report as the automaker wrote off substantial costs from unused electric vehicle manufacturing equipment and China restructuring costs. The Detroit automaker on Tuesday, Jan. 27, reported earnings for the period ending Dec. 31, 2025, and released its full-yea[...]
