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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.

Technology

Europe tightens cybersecurity rules with push to phase out risky suppliers

The EU is moving toward mandatory rules to phase out “high-risk” tech suppliers from critical infrastructure, aiming to strengthen cybersecurity and reduce strategic dependence across member states.

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.

OpenAI Introduces Teen-Safe ChatGPT with Parental Controls

OpenAI has announced plans to introduce a dedicated ChatGPT experience for users under 18, incorporating robust parental controls and safety measures to protect teenagers...

Netskope Targets $7.3 Billion Valuation in Upcoming IPO

Netskope is preparing for its initial public offering with an ambitious target valuation of $7.3 billion, following an upward adjustment of its planned price...

Waymo Receives Permit to Launch Robotaxi Testing at San Francisco Airport

Alphabet-owned Waymo has received a permit to begin testing its robotaxi service at San Francisco International Airport, city officials and the company confirmed. The...

Microsoft and Tech Giants Commit $40B+ to AI Investments in the U.K.

Microsoft announced plans to invest $30 billion in the United Kingdom by 2028, focusing on expanding its artificial intelligence infrastructure. The investment includes $15.5...

Trump Extends Deadline for TikTok U.S. Divestiture Amid Framework Deal

President Donald Trump has once again extended the deadline for ByteDance to divest TikTok’s U.S. business, granting additional time until December 16 for...

StubHub IPO Prices at $23.50, Valuing Company at $8.6 Billion

Online ticketing platform StubHub has officially priced its initial public offering (IPO) at $23.50 per share, positioning the company with a market valuation of...

Amazon CEO Andy Jassy Targets Bureaucracy to Revive Startup Culture

Amazon CEO Andy Jassy is pushing to eliminate bureaucracy within the company as part of his broader mission to reset its culture and keep...

Baidu Stock Surges as AI Push Wins Investor Confidence

Baidu shares surged in Hong Kong on Wednesday, climbing nearly 16% as the company doubled down on artificial intelligence, a shift that has attracted...

Huawei Launches Mate XTs Trifold Smartphone with Innovative Design

Huawei has unveiled the second generation of its trifold smartphone, the Huawei Mate XTs, as the company seeks to strengthen its position in China...

JetBlue Teams Up with Amazon’s Project Kuiper for High-Speed In-Flight Wi-Fi

JetBlue Airways has announced plans to equip roughly a quarter of its fleet with Amazon’s Project Kuiper satellite technology to enhance in-flight Wi-Fi, with...

Atlassian Acquires AI Browser Startup The Browser Co. for $610 Million

Atlassian has announced its acquisition of The Browser Co., an AI-focused web browser startup, for $610 million in cash, with the deal expected to...

Figma Shares Drop 20% Following First Post-IPO Earnings Report

ChatGPT said: Figma’s stock experienced a dramatic decline of nearly 20% on Thursday, hitting its lowest level since the company went public in July. The...

Salesforce Stock Falls After Q2 Earnings Despite AI Growth

ChatGPT said: Salesforce faced another setback as its stock dropped nearly 5% following a cautious revenue forecast in its latest quarterly earnings report, extending its...

Sierra AI Startup Reaches $10 Billion Valuation After $350M Funding

Bret Taylor’s artificial intelligence startup, Sierra, has reached a milestone with a $10 billion valuation after securing $350 million in new funding. This places...

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