By Katie Paul NEW YORK (Reuters) – Facebook owner Meta Platforms plans to carry out its expected company-wide layoffs next week while pushing ahead with the expedited hiring of machine learning engineers, it told staffers in internal memos seen by Reuters on Friday. Notices will go out to employees losing their jobs starting at 5 …
Meta prepares for layoffs on Monday -internal memo Read More »
WASHINGTON (Reuters) – Nippon steel has not withdrawn its $14.9 billion bid to buy U.S. Steel, two people close to the deal said on Friday, after President Donald Trump said earlier the Japanese steelmaker would “invest” in US Steel but not buy it. Nippon Steel and U.S. Steel declined to comment. (Reporting by Alexandra Alper; …
Nippon steel has not axed its bid for U.S. Steel, sources say Read More »
By Joey Roulette, Marisa Taylor and Aram Roston WASHINGTON, (Reuters) – President Donald Trump’s nominee as Air Force Secretary, currently a top official at the national spy satellite agency, arranged a multibillion-dollar contract solicitation in a way that favored Elon Musk’s SpaceX, according to seven people familiar with the contract. Changes to the requirements for …
By David Shepardson WASHINGTON (Reuters) -A group representing automakers and electric vehicle charging companies on Friday urged the U.S. Transportation Department to quickly restart a $5 billion government EV infrastructure program. On Thursday, the Trump administration said it was suspending the electric vehicle charging program and rescinding approval of state EV charging plans pending a …
Automakers urge USDOT to quickly restart federal EV charging program Read More »
WASHINGTON (Reuters) – U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba said on Friday Japan was looking at an investment in U.S. Steel instead of an acquisition. Japanese firm Nippon Steel’s bid to buy U.S. Steel was blocked last month by former President Joe Biden. A White House official said that Trump, in …
Trump and Japanese PM say Japan is looking at investment in US Steel instead of purchase Read More »
HOUSTON (Reuters) – Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran’s crude exports but prices were down for the week as investors worried about U.S. President Donald Trump’s renewed trade war on China and threats of tariffs on other countries. Brent crude futures settled at $74.66 a barrel, …
Oil prices set for 3rd straight weekly fall on tariff concerns Read More »
By Arasu Kannagi Basil and Pritam Biswas (Reuters) -Affirm’s shares jumped 19.5% on Friday, as a strong holiday shopping season helped the buy now, pay later lender post a surprise quarterly profit and forecast upbeat annual revenue. More consumers used its BNPL services to take advantage of heavy discounts by retailers on everything from apparel …
Affirm soars as strong holiday shopping powers BNPL lender’s surprise profit Read More »
(Reuters) -U.S. credit card giant American Express identified and closed 30 consumer accounts in 2024 that it said could have had ties to the Government of Iran. The accounts were only used for personal expenses, AmEx said in a regulatory filing on Friday. It also ended its relationship with a third-party ATM network provider, which …
AmEx closed 30 accounts potentially tied to Iran’s government Read More »
By Ann Saphir (Reuters) -Federal Reserve officials on Friday said the U.S. job market is solid and noted the lack of clarity over how President Donald Trump’s policies will affect economic growth and still-elevated inflation, underscoring their no-rush approach to interest rate cuts. On Friday the Labor Department reported a 4% unemployment rate last month …
Fed officials see healthy jobs market, no rate-cut rush Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. job growth slowed more than expected in January after robust gains in the prior two months, but a 4.0% unemployment rate probably will give the Federal Reserve cover to hold off cutting interest rates at least until June. The Labor Department’s closely watched employment report on Friday also showed …
US job growth slows in January; unemployment rate at 4.0% Read More »
