UPS Plans Major Workforce Reduction, CFO Says Up To 30,000 Jobs Affected
UPS says it may cut up to 30,000 jobs as it trims costs, closes facilities, and reduces Amazon deliveries.
Volkswagen Issues Recall For 44,000 Vehicles Over Overheating Battery Concern
Volkswagen recalls over 44,000 ID.4 SUVs due to overheating battery risks, offering free repairs and safety updates.
TikTok Faces California Review Over Alleged Trump-Critical Content Suppression
California Gov. Newsom is investigating TikTok for allegedly suppressing content critical of Trump after new U.S. ownership changes.
Former Video Game Studio CEO Accused Of Domain Hijacking And Online Sabotage
A former game studio CEO faces a lawsuit for allegedly hijacking company domains, shutting down operations, and trying to sell the website for millions.
Editor's Pick
Westfield San Francisco Centre Mall Faces Mass Tenant Exodus After Foreclosure Sale
Westfield San Francisco Centre mall closes early as tenants exit following foreclosure sale, highlighting retail decline.
Nike Job Cuts Hit U.S. Distribution Centers In Move Toward Automation
Nike is cutting 775 U.S. distribution center jobs to boost automation and streamline operations.
Apple And Google Settle Class Actions After Allegations Of Unwanted Voice Recording
Apple and Google will pay $163M to settle lawsuits over devices secretly recording users' conversations.
Investors
Most Read
Regions
Colombia Gives In To US Deportation Flights To Avoid $53.5B Trade War
Colombian President Petro blocked US deportation flights, prompting Trump's tariff threats, but after escalating tensions, Colombia agreed to accept the flights, avoiding a trade war.
US Seizes Record $15 Billion in Bitcoin From Global 'Pig Butchering' Scheme Linked to Chen Zhi
Seized US Canned Food Company Looks to China, North Korea as Russian Sales Crash
China Retaliates Against Canada With Hefty Tariffs On Key Exports
China imposes retaliatory tariffs on Canadian goods in response to Canada's trade restrictions on Chinese products.
Novo Nordisk CEO Faces Investigation After Senate Reveals Ozempic And Wegovy Cost Up To 13 Times More In The US
Novo Nordisk CEO Lars Fruergaard Jørgensen will face a Senate hearing over the high prices of weight loss drugs Wegovy and Ozempic in the US.
China Imposes Retaliatory Tariffs on US Imports, Launches Google Antitrust Probe
China Bans Taiwan’s Fruit and Seafood Imports, Igniting Trade Dispute
Deals
Funding
AI Startup Funding Surging Despite Sting of High Interest Rates
AI startups are riding a wave of fresh capital in 2025—even as the Federal Reserve keeps interest rates at multi-decade highs. Instead of slowing down, the sector is posting some of its boldest funding figures yet, fueled by surging demand for both AI infrastructure and specialized applications.
Cost Over Climate: Australians To Spend AU$80B On Energy Upgrades
On average, households plan to spend AU$7,500 on energy-efficient upgrades over the next five years, which could add up to more than AU$80 billion nationwide. About 50% of Australians want to make their homes eco-friendlier, driven mostly by a desire to reduce energy costs.
Australian Superannuation Funds Rethink US Bets Amid Dollar Volatility
"Like every other fund, we are questioning our exposure to the U.S. It would be fair to say that we've hit peak exposure and will be reducing over time," said John Pearce, chief investment officer of UniSuper, said.
Trump UK Trade Deal Pumps Crypto: $ETH Skyrockets, $BTC Hits $103K, $XRP Surges
President Trump has announced a trade agreement with a long-time ally, pumping crypto prices, including Bitcoin, which had been struggling to return to $100,000 in recent weeks.
People
Goldman Sachs CEO David Solomon Tops Jamie Dimon With $47 Million Pay Package
Goldman Sachs CEO David Solomon earned a record $47 million in 2025, surpassing JPMorgan's Jamie Dimon.
Fashion Legend Valentino Garavani Dead at 93, Foundation Confirms
Fashion legend Valentino Garavani has died at 93, with tributes pouring in for the iconic designer known for timeless glamour and Valentino red.
Louis Gerstner, Former IBM CEO Who Turned Around Big Blue, Dies at 83
Former IBM CEO Louis Gerstner, who led Big Blue's turnaround, dies at 83, leaving a lasting legacy in business and philanthropy.
