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UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Tesla stock in focus ahead of results as Wall Street debates growth vs profitability

Tesla is set for a key earnings test as investors watch margins, demand and pricing strategy, with the results expected to influence sentiment across the EV and tech markets.

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UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

EU and India finalize “mother of all deals” as tariffs fall and market access expands

The EU and India finalized a landmark free trade agreement aimed at cutting tariffs on most goods, easing access for services and investment, and reshaping trade ties across a combined market of about 2 billion people.

Storm Chandra batters UK and Ireland with flooding, school closures and travel disruption

Storm Chandra brought heavy rain and strong winds to the UK and Ireland, triggering flooding, rescues, school closures, flight and ferry cancellations, and widespread power outages.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Iranian Rial Plummets to Record Low Amidst Protests and Economic Strain

Iran's currency, the rial, hits a record low of 1.5 million against the US dollar amid ongoing protests and international pressure.

UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

Tesla stock in focus ahead of results as Wall Street debates growth vs profitability

Tesla is set for a key earnings test as investors watch margins, demand and pricing strategy, with the results expected to influence sentiment across the EV and tech markets.

USA Rare Earth surges after $1.6B federal deal boosts US supply chain push

USA Rare Earth shares jumped after the US backed a $1.6 billion funding package to build a Texas mine and US magnet facility, boosting Washington’s push to reduce dependence on China.

China’s Sinochem moves to ease Pirelli standoff as US expansion faces scrutiny

Sinochem has proposed a “structured solution” to resolve a governance dispute at Pirelli, as Camfin increases its stake and Italy weighs intervention under golden power rules.

Ryanair profits slide after Italy fine, but airline lifts fare outlook on strong demand

Ryanair reported a sharp quarterly profit decline after taking an €85 million charge tied to an Italian antitrust fine, but the airline upgraded its fare outlook and forecast higher full-year profit on strong demand.

China’s LandSpace pushes ahead with up to $1B+ IPO to fund reusable rockets

China’s private rocket maker LandSpace is pushing ahead with a major IPO as the exchange reviews its application, aiming to raise around $1 billion or more to expand reusable rocket technology and production.

China deepens scrutiny of Meta’s $2B Manus acquisition in rare regulatory escalation

China has expanded its review of Meta’s $2 billion acquisition of AI startup Manus, widening scrutiny beyond national security to include financial and compliance checks that could force changes to the deal.

Apple Reportedly Eyes Intel Partnership for Future iPhone Chips

Apple is reportedly considering a partnership with Intel to manufacture some future iPhone chips, aiming to diversify its supply chain and reduce reliance on TSMC. Reports suggest Intel would act as a foundry for Apple-designed processors, potentially starting in 2028.

Intel Stock Tumbles as Manufacturing Woes Overshadow Earnings

Intel's stock plummets after weak Q4 earnings and a disappointing outlook, citing manufacturing and supply chain issues that hinder its ability to meet AI data center demand.

Kuaishou’s Kling AI tops 12 million monthly users as revenue surges

Kuaishou’s Kling AI has reportedly surpassed 12 million monthly active users as the AI video platform’s revenue climbs, pushing its annualized run rate toward $240 million.

Elon Musk and Ryanair CEO in Public Feud: Musk Jokes About Buying Airline

Explore the public feud between Elon Musk and Ryanair CEO Michael O'Leary, including insults, a "Big Idiot Seat Sale," and Musk's jokes about buying the airline.

Paramount Courts French President Macron in Bid for Warner Bros. Discovery

Paramount Skydance executives met with French President Emmanuel Macron and UK officials as part of a European push to gain support for its $108.4 billion bid for Warner Bros. Discovery, while preparing for a proxy fight against Netflix.

Disney CEO Bob Iger Reaffirms Commitment to China Market During Beijing Visit

Disney CEO Bob Iger met with Chinese Vice Premier Ding Xuexiang in Beijing, signaling a continued commitment to the significant Chinese market. The meeting,...

Alibaba’s Amap Unveils AI-Driven 3D Virtual Tours, Shaping the Future of Digital Maps

Alibaba Group’s mapping unit, Amap (AutoNavi), has introduced an innovative AI feature allowing users to experience immersive 3D virtual tours of restaurants and offline...

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