Meta’s VR layoffs, studio closures underscore Zuckerberg’s massive pivot to AI
Meta began laying off employees in its Reality Labs division focused on virtual reality and shut down several VR studios as it pushes resources towards AI.
CNBC Daily Open: U.S. stocks dip and oil jumps as Iran, Fed independence concerns rise
U.S. President Donald Trump said Tuesday that he had “cancelled all meetings with Iranian Officials.”
Japanese stocks hit another record high as expectations of snap poll rise
This comes as Japan’s ruling LDP under Prime Minister Sanae Takaichi is expected to call an election in February.
S&P 500 books back-to-back losses as tech sells off, Bank of America slides after earnings: Live updates
The three major averages fell for a second consecutive session.
A major development in Trump’s Fed feud is set to happen next week in the Supreme Court
Supreme Court arguments on Jan. 21 will likely be the next big development for the central bank’s quest to maintain independence.
Apple and Google are teaming up on AI. What it means for both stocks
Wall Street analysts applauded the new Apple-Alphabet deal as one that would bolster the investment case for both companies.
Morgan Stanley likes these stocks with strong earnings revisions as season begins
The firm flagged stocks with solid earnings beat momentum as the reporting season revs up.
These stocks could be helped the most if the Supreme Court knocks down Trump’s tariffs
Wells Fargo pointed to stocks like Caterpillar, Target and Nike, saying they could get a boost if the Supreme Court rules against Trump’s tariffs this week.
Oil prices rise more than 2% after Trump cancels meetings with Iran, tells protesters help is on the way
President Donald Trump has repeatedly threatened to intervene if the Islamic Republic kills protesters.
Alibaba-backed PixVerse launches real-time AI video tool, top executive tells CNBC
Co-founder Jaden Xie told CNBC that the company is about to close another financing round, after raising $100 million in the last 6 months.
