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Disney reportedly cuts hundreds of jobs across HR, technology
Disney is reportedly laying off a few hundred employees across multiple departments at the entertainment giant. Citing a source familiar with the matter, Reuters reported that Disney is laying off a few hundred employees in the company’s human resources and…
Tesla Semi deliveries begin with PepsiCo and DHL as first customers
Tesla on Thursday announced that the electric vehicle maker was beginning deliveries of its Semi trucks to customers this week. Executives at Tesla’s plant in Sparks, Nevada, made the announcement that the first customers will take delivery of the electric…
Costco cuts prices on produce, meat and home goods after tariff refunds
Costco on Thursday said it received $184 million in tariff refunds in the company’s fourth quarter, the majority of which were reinvested into lower pricing for members shopping at the retail giant’s warehouses. The big box retailer said that the lower…
McDonald’s pledges $8.5B in franchisee support for modernization plan
McDonald’s on Wednesday announced new details as part of its long-term growth strategy, which will include a focus on upgrading restaurants and staff training, at an investor day at the corporate headquarters in Chicago. The fast-food giant announced its NEXT…
Higher jet fuel prices prompt airlines to adjust flight schedules
Executives from American Airlines, United Airlines and Southwest Airlines said Wednesday that higher jet fuel prices are prompting carriers to adjust capacity and closely monitor flight schedules. The global average jet fuel price rose 6.1% week over week to…
Trump plans state dinner for Xi Jinping with Altman, Huang and Cook
President Donald Trump is planning to hold a state dinner next week to mark a visit by Chinese President Xi Jinping, and several tech industry leaders are expected to attend. OpenAI CEO Sam Altman and Apple Executive Chairman Tim Cook are both reportedly…
Continental Resources to develop Venezuela’s Orinoco Belt oil block
Continental Resources on Wednesday announced that it reached an agreement with Venezuela’s state-owned oil company to develop oil in the South American country’s prolific Orinoco Belt. The memorandum of understanding with Petroleos de Venezuela S.A. (PDVSA)…
Ford’s 2027 F-150 gets hands-free towing, first-ever Carhartt edition
Ford Motor Company is refreshing its best-selling F-150 pickup for 2027 with hands-free towing technology, updated styling and the first-ever F-150 Carhartt edition. Greg Christensen, Ford’s general manager of North America Trucks, told Fox Business that the…
Sam Altman says OpenAI won’t IPO this year
OpenAI CEO Sam Altman signaled that the company will delay its initial public offering (IPO) amid concerns about the safety and alignment of AI models given potential risks they could pose to society. The ChatGPT-maker confidentially submitted an S-1 filing…
Amazon responds after cargo plane crash kills 5 at Miami airport
Amazon said it is cooperating with authorities after a cargo plane operating on behalf of Amazon Air crashed while attempting to land at Miami International Airport on Sunday, killing at least five people and injuring five others. The company confirmed to FOX…