Block on Thursday announced that it will cut nearly half of its workforce as the payments firm works to embed artificial intelligence (AI) throughout its operations. The layoffs will affect over 4,000 jobs at the company and CEO Jack Dorsey indicated he moved forward with a single round of large cuts rather…

Warner Bros. Discovery CEO David Zaslav may have been counting on watching one last round in the Netflix vs. Paramount Skydance boxing match to acquire the media company he runs. What he might not have anticipated was that Netflix wouldn’t even bother re-entering the ring. Thursday after the market close,…

E-commerce giant eBay announced Thursday it is slashing hundreds of jobs, just days after the company dropped $1.2 billion in cash to acquire a trendy Gen Z fashion app and settled a federal stalking lawsuit involving former executives. Multiple outlets have reported that eBay will cut a total of 800…

A federal judge on Thursday denied a legal challenge to President Donald Trump’s White House ballroom project, clearing the way for construction on the estimated $400 million expansion to proceed. U.S. District Judge Richard Leon denied the injunction sought by the National Trust for Historic Preservation, saying the group was…

American Express has announced plans for the construction of a 55-floor building at 2 World Trade Center in New York City. It is anticipated that the building project will be finished in 2031, the company noted. Construction is slated to start in spring of this year.”Spanning nearly two million square…

Despite mortgage rates just dipping below the 6% mark, American homebuyers aren’t retreating just yet. While high mortgage rates have historically chilled demand, the latest data reveals a defiant consumer base: new home sales remain higher than year-ago levels, and a massive surge in refinancing suggests homeowners are pouncing on…

The Trump administration isn’t letting a Supreme Court setback derail its tariff strategy. The nation’s top trade official says the White House won’t wait on Congress to restore the program. In a 6-3 ruling last week, the high court struck down President Donald Trump’s global tariff authority under the International Emergency Economic…

Certain cottage cheese products are being recalled at Walmart stores in 24 states over the possibility of liquid dairy ingredients not being fully pasteurized up to regulatory standards. Saputo Cheese USA Inc. discovered the issue during a “pasteurizer troubleshooting exercise” conducted with the California Department of Food and Agriculture, the…

FedEx announced Thursday that it will return any tariff refunds it may receive to its customers who paid them as it seeks compensation from the federal government for tariffs paid that were subsequently ruled illegal. The shipping giant said in a statement that it intends to return any tariff refunds…

Netflix dropped its bid to buy Warner Bros. after the studio announced Paramount’s latest bid to buy the entire company was “superior.” “The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we’ve always been disciplined, and at the price required to match…