PayPal to Cut 2,000 Jobs in Push to Trim Costs
PayPal Holdings Inc. said it will cut 2,000 staffers as it contends with a macroeconomic slowdown that’s weighed on the firm’s business in recent quarters.
Bloomberg Business
Made-in-India GE Jet Engines Sought in Closer US Security Ties
The US and India plan to share advanced defense and computing technology, including the potential joint production of General Electric Co. jet engines, as the Biden administration seeks to shift New Delhi away from Russia and counter China.
Tesla Is Looking at Land Near the Mexico City Airport, Official Says
Tesla Inc. is considering a range of options for manufacturing in Mexico that could include building on land near the new airport that serves the nation’s capital, according to a spokesperson for the president’s office.
Boeing CEO Sees Self-Flying Tech Coming to Commercial Aircraft
Boeing Co.’s chief executive officer says it’s a matter of when — not if — self-flying planes will debut in commercial aviation.
Exxon Reaps $59 Billion Profit, Holds Steady on Buybacks
Exxon Mobil Corp. reaped a record $59 billion profit but disappointed some investors by holding the line on share buybacks.
Fed Tightens Rules to Limit Its Employees’ Political Advocacy
Federal Reserve officials quietly tightened internal restrictions on employees’ political activities after several reserve banks ran afoul of Congress over real or perceived engagement on issues within the domain of elected officials.
Texas AG Paxton Is in Settlement Talks With Aides Who Reported Him to FBI
Texas Attorney General Ken Paxton has entered into settlement discussions with three former aides who claim he fired them for reporting bribery and other misconduct to the FBI.
Perella London Banker Suspected in Insider Probe Dies by Suicide
A London-based Perella Weinberg Partners banker died by suicide in the days after the firm’s UK headquarters were searched as part of a German investigation into insider trading, people familiar with the matter said.
French Unions Call More Strikes as Pension Protests Swell
French labor unions rallied more people to a second day of protests against government plans to raise the retirement age and announced two more days of action, turning up the pressure on President Emmanuel Macron to rethink his signature economic reform.
ChatGPT Creator’s New Feature Can Show You If Text Has Been Written by AI or Human
OpenAI, which released the viral ChatGPT chatbot last year, unveiled a tool that’s intended to help show if text has been authored by an artificial intelligence program and passed off as human.
