UPS is set to lay off 12,000 workers this year, attributing the decision to a notable slowdown in delivery volume.
Industry
Microsoft, Alphabet Shares Slide Amid Investors' Concern on High Cost of AI Development
Shares of Microsoft and Alphabet dropped on Tuesday amid investors' concern about the high cost of AI development.
Defunct Crypto Exchange FTX Is Paying Back Customers in Full: Here's What You Need to Know
FTX, the cryptocurrency exchange that has collapsed, intends to repay investors for the losses they incurred during its downfall.
Apple Extends Modem Chip Deal With Qualcomm Until March 2027
Apple has opted to extend its licensing agreement with Qualcomm for modem chips. Apple has opted to extend its licensing agreement with Qualcomm for modem chips, Qualcomm disclosed during its first earnings call this year.
Byron Allen's Allen Media Group Submits $30 Billion Bid to Buy Paramount Global
Byron Allen, through his company Allen Media Group, has made a $30 billion bid to acquire Paramount Global.
Latest News
A recent study predicts that around 62,000 entertainment jobs in California are likely to be disrupted by AI.
GOP reps are urging the Biden administration to investigate Ford's deals with Chinese companies.
Elon Musk has revealed that his startup Neuralink has successfully carried out its first brain implant in a human patient.
UK Prime Minister Rishi Sunak is set to unveil plans on Monday to ban the sale of disposable vapes to prevent their use by children.
Trafigura is evaluating the security risks of future Red Sea voyages following an attack on the company's Marlin Luanda oil tanker by Yemen-based Houthi rebels.
Bayer was ordered to pay $2.25 billion to a Pennsylvania man, who blamed his cancer on his exposure to the company's Roundup weedkiller.
Elon Musk's brain implant firm Neuralink was fined for violating US Department of Transportation (DOT) regulations on transporting hazardous materials.
A British oil tanker was reported to be engulfed in flames in the Gulf of Aden after Houthi rebels hit it with a missile on Friday after transiting the Red Sea.
Treasury Secretary Janet Yellen supported President Joe Biden's economic program, comparing it with that of former President Donald Trump.
