U.S. economy added 353,000 jobs in January, much better than expected
Nonfarm payrolls were expected to increase by 185,000 in January, according to a Dow Jones consensus estimate.
‘Massive for the sport’: Lewis Hamilton’s blockbuster move to Ferrari hailed as a major coup for F1
The news sent shockwaves through Formula One, with 2009 world champion Jenson Button describing Hamilton’s move to Ferrari as “massive for the sport.”
Mark Zuckerberg says Meta will ‘keep things lean,’ going big in AI with a lid on hiring
Meta CEO Mark Zuckerberg has no plans for his company to ramp up hiring, but says he’s spending heavily on computing infrastructure and the metaverse.
Tesla to settle lawsuit over mishandling hazardous waste in California
Tesla will pay a fee of $1.5 million to settle a civil lawsuit alleging the company mishandled hazardous waste and its disposal in the state of California for years.
Amazon cloud unit speeds up revenue growth as clients adopt AI services
Amazon pointed to artificial intelligence traction in the cloud during the fourth quarter. Acceleration of cloud growth should continue, too.
Meta’s Reality Labs loses record $4.65 billion ahead of Apple’s Vision Pro launch
Meta’s Reality Labs has now lost more than $40 billion dating back to late 2020.
Amazon announces AI shopping assistant called Rufus
Amazon is rolling out an assistant that uses generative artificial intelligence to help users search and shop for products.
Goldman gives this innovative cancer-fighting biotech nearly 70% upside
Arvinas’ breast cancer drug, currently in late-stage development, presents a promising commercial opportunity, according to Goldman Sachs.
Meta shares jump after profit triples and company announces first-ever dividend
Meta’s fourth-quarter earnings report comes a day after lawmakers grilled CEO Mark Zuckerberg and other social media execs in Washington.
January hiring was the lowest for the month on record as layoffs surged
Challenger, Gray & Christmas said planned layoffs totaled 82,307 for the month, a jump of 136% from December.
