Meta’s 2026 Plan to Spend Even More on AI Shakes Investors

Oct 30, 2025 | Markets

Mark Zuckerberg warned that Meta Platforms Inc. will need to spend even more aggressively on artificial intelligence in the year ahead, reigniting concerns from investors who sent its shares plunging on concerns that the massive investments won’t pay off. In...

China AI Push Threatens US Rally, Australian Pension Fund Warns

Oct 28, 2025 | Markets

Cheaper artificial intelligence tools from China threaten to trigger a sudden sell-off in US tech giants betting on generative AI, according to the investment chief at one of Australia’s largest pension funds. DeepSeek’s development has shown Chinese companies can...

Amazon to Cut 14,000 Jobs as Jassy Looks to Ease Bureaucracy

Oct 28, 2025 | Markets

Amazon.com Inc. plans to eliminate roughly 14,000 corporate jobs just months after Chief Executive Officer Andy Jassy warned that AI will shrink the company’s workforce. The downsizing marks Amazon’s second round of reductions in recent years. Besides his ongoing war...

UPS Jumps After Sweeping Job Cuts Push Profit Above Estimates

Oct 28, 2025 | Markets

United Parcel Service Inc. shares soared after it smashed Wall Street’s profit expectations by cutting costs and eliminating 34,000 jobs this year. The cuts to its permanent operational workforce — a group that includes drivers and package handlers — marked a 70%...