Business- Page 2

Zuckerberg Addresses Workforce Cuts Meta Chief Executive Mark Zuckerberg told employees that the company’s planned layoffs are linked to rising capital spending on artificial intelligence infrastructure. Speaking at a company town hall on Thursday, he said Meta must balance investment in computing

A Record Investment For A Fast Growing Sport Pickleball Inc., the new parent company of Major League Pickleball and the PPA Tour, has raised 225 million dollars in new investment. The funding marks a record capital raise for the sport and reinforces

A $7.85 Million Deal Moves Forward Some PlayStation customers in the United States may be eligible to receive part of a proposed 7.85 million dollar settlement involving Sony Interactive Entertainment. The class action case centers on claims that Sony unlawfully reduced competition

A Sudden Collapse Hits Terminal A The abrupt shutdown of Spirit Airlines has left LaGuardia Airport’s Marine Air Terminal nearly deserted, turning one of New York’s most historic aviation spaces into a quiet concourse with no regular passenger activity. Just days earlier,

D’Amaro Sets A Clear Direction Walt Disney shares rose nearly 8% in early trading after new chief executive Josh D’Amaro outlined his strategy for the entertainment group. Speaking on his first earnings call as CEO, D’Amaro said Disney will remain focused on

Layoffs Hit Technology Teams General Motors laid off about 500 to 600 employees on Monday, largely affecting information technology roles in Austin, Texas, and Warren, Michigan. The cuts come as the Detroit automaker reassesses its workforce needs and seeks to reduce costs

A New Low-Cost Airline Group Takes Shape Allegiant Travel Co. has completed its acquisition of Sun Country Airlines, creating a larger leisure-focused airline group at a time when the sector is facing higher fuel costs and broader industry uncertainty. The 1.5 billion

A Different Tone From Zuckerberg Meta is preparing another major round of job cuts, but the message from the top is different from the one employees heard during the company’s first post-pandemic layoffs. In late 2022, Mark Zuckerberg apologized to staff and

The Growth Story Behind The IPO SpaceX is best known for reusable rockets and its high-profile push into artificial intelligence through its merger with xAI. But as Elon Musk’s company prepares investors for a massive initial public offering, its prospectus shows that

Streaming leader raises monthly rates again Netflix has increased prices across its U.S. subscription lineup, pushing monthly costs higher for every main plan as the company leans on pricing power to support growth. The change took effect Thursday and affects ad supported,