Meta is planning to slash roughly 5% of its staff this year in a move aimed at weeding out under-performers, CEO Mark Zuckerberg revealed on Tuesday.In a memo to employees on Meta’s internal message board, Zuckerberg indicated that the company would hire new workers this year to replace the ousted employees. The Facebook and Instagram boss — who has drawn backlash for scrapping fact-checking on his social media networks in a move seen as an attempt to ingratiate the company with the incoming Trump administr ...

Southwest Airlines is looking to trim costs by halting some hiring and most summer internships. "We are limiting discretionary costs, including holding on the Southwest Rallies for this year, as we focus on reducing costs," a Southwest spokesperson told FOX Business. "We’re also pausing most summer internship positions (honoring offers already made) and pausing all noncontract internal and external hiring. We’ll continue to evaluate hiring needs on an ongoing basis to determine when it makes sense for the b ...

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AbbVie’s (ABBV) stock has declined 8% in the past three months. A lot of this price decline is due to the poor performance of the overall drug and biotech sector in the past couple of months after Trump picked Robert F. Kennedy Jr., a vaccine skeptic, to be the next secretary of the Department of Health and Human Services, the agency that oversees the FDA.This, coupled with disappointing third-quarter sales and profits, guidance cuts and pipeline setbacks took a toll on the overall drug and biotech industry ...

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 100 points on Tuesday.The Dow traded down 0.21% to 42,216.81 while the NASDAQ fell 0.55% to 18,982.63. The S&P 500 also fell, dropping, 0.39% to 5,813.49.Check This Out: Top 3 Utilities Stocks That Could Lead To Your Biggest Gains This MonthLeading and Lagging SectorsConsumer discretionary shares rose by 1.3% on Tuesday.In trading on Tuesday, health care shares tumbled by 1%.Top HeadlineU.S. producer prices rose 0.2 ...

According to the WSJ, deals like Slovakia's €560 million acquisition of the Barak MX exemplify the surging demand for proven technologies capable of addressing modern threats. These developments come as governments worldwide commit billions to defense spending and investors increasingly turn their attention to the resilient and rapidly growing defense sector. Manny Shalom, CEO of Nukkleus Inc. (NASDAQ: NUKK), commented: "The defense industry is experiencing a historic shift, driven by rising geopolitical te ...

New report reveals 92% of industry leaders prioritize regional trade strategies in response to global disruptions Shifting Supply Chains: Navigating the New Inter-Americas Trade Landscape Is the creation of dedicated inter-Americas supply chains currently important to your organization's strategic planning? CHARLOTTE, N.C., Jan. 14, 2025 (GLOBE NEWSWIRE) -- As global trade faces mounting disruptions, the Americas region is emerging as a strategic powerhouse for supply chain resilience. According to a new ...

CB&T selects three charitable causes to receive relief funding to aid Angelenos and first responders — United Way Wildfire Response Fund, American Red Cross 2025 California Wildfires Disaster Relief and World Central KitchenSAN DIEGO, Jan. 14, 2025 /PRNewswire/ -- California Bank & Trust (CB&T), one of California's leading banks, announced it will donate $100,000 to organizations providing resources and relief to those impacted by the unprecedented wildfires in Los Angeles. CB&T is donating to the United Wa ...

Intuitive Machines (NASDAQ: LUNR ) has made significant progress towards its goal of creating a lunar communications satellite constellation, a NASA contract that holds a total value of over $4b. As LUNR makes progress towards creating autonomous lunar operations for sustaining life and itsMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries t ...

Clinician makes impression throughout the nation impacting 1,000 lives Shannon Dunn Achieves 1K Transports Flight Nurse Shannon Dunn impacts more than 1,000 patients on the flight line as a float nurse at Air Methods. PHOENIX, AZ, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Shannon Dunn, an Air Methods float flight nurse, recently achieved the impressive milestone of transporting her 1,000th patient after less than eight years on the flight line. This accomplishment not only underscores Dunn’s commitment, dedicati ...