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Western Digital adds $4 billion to buyback plan as AI boosts memory chip sales
Feb 3 (Reuters) – Western Digital said on Tuesday its board has approved $4 billion more for share repurchases, as demand for its memory chips used in artificial intelligence servers surges. Its shares rose about 5% in premarket trading, adding to a 57% jump this year. The shares had more than tripled in value last [&helli[...]
Space stocks jump after Musk’s SpaceX-xAI merger
U.S. space stocks rose after Elon Musk announced a SpaceX-xAI merger, betting on AI infrastructure and computing in space.
Disney taps parks head Josh D’Amaro as CEO to lead post-Iger era
Disney named theme parks chief Josh D’Amaro as CEO, succeeding Bob Iger as AI, labor talks and industry consolidation loom.
January jobs report delayed by partial government shutdown
January’s U.S. jobs report will be delayed as a partial federal government shutdown halts Labor Department operations.
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.
