Business

Nike announces roughly 1,400 layoffs in latest round of cuts

Roughly 1,400 people across Nike’s Global Operations team will be laid off, the company announced Thursday. In a memo to employees, Chief Operating Officer Venkatesh Alagirisamy said the cuts will primarily affect Nike’s technology division and span North America, Asia and Europe, representing just under 2% of the company’s global…

Harley-Davidson issues recall for nearly 17,000 motorcycles over brake failure issue

Harley-Davidson is recalling nearly 17,000 motorcycles over a potential brake failure issue that could heighten the risk of a crash, according to federal regulators. The recalled motorcycles include 2025 and 2026 models.Affected motorcycles include the Harley-Davidson FXLRS with a production date from Dec. 5, 2024, to March 16, 2026; Harley-Davidson…

Costco issues urgent recall on popular product linked to burn injuries

Heated socks sold at Costco have been recalled after customers reported burn injuries, according to the Consumer Product Safety Commission (CPSC). The 32 Degrees Heated Socks were sold in medium, large and extra large. The CPSC report said when the socks are worn during “high intensity activities” they pose a…

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…