Tesla reported a significant drop in quarterly profit as the electric vehicle maker faced weaker sales and rising expenses tied to its growing artificial intelligence ambitions. The company posted net income of $840 million for the fourth quarter, representing a steep year-over-year decline that highlighted mounting financial pressure despite long-term growth plans. Revenue also slipped,…
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SpaceX targets $1.5tn IPO in symbolic June launch
Courtesy: Sven Piper on Unsplash Elon Musk’s SpaceX is reportedly planning an initial public offering valued at $1.5 trillion, potentially one of the largest stock market debuts in history. Sources indicate the rocket company is considering mid-June for the IPO, a timing that would coincide with a planetary alignment and Musk’s 55th birthday on June…
Amazon’s second major layoff hits 16,000 amid AI overhaul
Amazon is cutting 16,000 employees, marking its second major round of layoffs in three months as the company accelerates efforts to adapt to artificial intelligence. The reductions follow a previous round in October, when 14,000 corporate staff were let go in line with CEO Andy Jassy’s vision of a leaner, more agile company. The move,…
UnitedHealth stock slides as revenue warning emerges
Courtesy: Bloomberg Television UnitedHealth Group ended 2025 with a mixed financial picture, posting a modest fourth-quarter earnings beat while signaling a slower pace of growth ahead. The nation’s largest private health insurer exceeded profit expectations but fell short on revenue estimates and issued guidance that points to a rare year of declining sales as the…
Why Amazon is closing all Go and Fresh stores now?
Courtesy: yender-gonzalez from unsplash Amazon is officially stepping away from its Amazon Go and Amazon Fresh store concepts, marking a decisive shift in how the company approaches physical retail in the United States. The move reflects a broader effort to streamline operations, double down on profitable segments and realign its brick-and-mortar strategy with changing consumer…
Alarming Amazon layoffs shake workforce as company invests heavily in AI
Courtesy: yender-gonzalez from unsplash Amazon is set to reduce its corporate workforce by roughly 14,000 positions next week, marking the e-commerce giant’s second significant round of cuts since October 2025. With the upcoming layoffs, the company plans to eliminate a total of around 30,000 roles, the largest reduction in its 30-year history. The initial round…
FedEx sees strong buy upgrade in early 2026
Courtesy: FedEx FedEx (NYSE: FDX) captured investor attention after Argus upgraded the logistics giant to a strong-buy rating this week. While the broader Wall Street consensus currently averages a hold rating with a price target of $303.86, Argus analysts highlighted the company’s robust quarterly performance as a key reason for the upgrade. The shipping and…
Why Alphabet and Microsoft just spent $25B on quantum
Alphabet and Microsoft are escalating the competition in quantum computing, committing more than $25 billion combined to a technology still in its early stages but widely viewed as transformative. The investments highlight how both companies are positioning themselves for long-term leadership in a field that could redefine computing power, cybersecurity, pharmaceuticals and artificial intelligence. While…
Surprising way weight loss drugs could save airlines money
Courtesy ; Orna from Pixabay Airlines may soon discover an unexpected financial benefit from the growing popularity of weight loss medications as passengers shed pounds and help carriers reduce their largest operational expense. As GLP-1 medications for weight loss become accessible to more Americans, they are expected to create a slimming effect across society that…
Does the stock market close for MLK Day?
Courtesy:rminedaisy on Unsplash Monday, Jan. 19, 2026, marks Martin Luther King Jr. Day, a federal holiday honoring the civil rights leader’s legacy. Established in 1983 by President Ronald Reagan, MLK Day is observed each year on the third Monday of January, close to King’s birthday on Jan. 15. As with most federal holidays, schools, government…