Business

Meta informs staff of layoffs affecting 8,000 employees amid AI push

Meta has informed its staff it will let go of roughly 8,000 employees — approximately 10% of its workforce — as it looks to bolster its presence in the artificial intelligence space.  The employees were told about the sweeping cuts in a memo as the company prepares to make heavy…

LARRY KUDLOW: American economic success — we have oil

The United States Navy’s blockade of Iranian ports is working to perfection, and is basically stopping Iran from selling any oil or getting any money. Losing $400 or $500 million a day means you’re in a business that has no future. You won’t meet payroll. No retirement accounts. No health…

Ford recalls over 140,000 pickup trucks over wiring fire risk

Ford is recalling more than 140,000 Ranger trucks in the U.S. after federal safety regulators warned a wiring issue could elevate the risk of fire, as well as potential crashes or injuries. The recall affects 140,201 vehicles spanning the 2024 through 2026 model years, according to the National Highway Traffic…

Eric Trump-backed robot startup lands M Pentagon deal to compete with China

The future of American defense is undergoing a high-tech revolution as the Pentagon has awarded a multimillion-dollar contract to test heavy-duty humanoid robots. Foundation Future Industries recently secured the $24 million contract for its “Phantom” robots, designed to breach enemy sites and spare American lives. CEO Sankaet Pathak and chief…

Warner Bros. Discovery shareholders approve Paramount Skydance deal

Warner Bros. Discovery Inc. announced on Thursday that its shareholders voted to approve its previously announced transaction with Paramount Skydance Corp. at a special meeting of stockholders. “Shareholder approval marks another important milestone towards completing our acquisition of Warner Bros. Discovery, building on our successful equity and debt syndications and…